SPXT vs VV: Grades, Fees and Holdings Compared

ProShares S&P 500 Ex-Technology ETF

SPXTBNYSE Arca

Vanguard Morningstar Large-Cap ETF

VVANYSE Arca

Overlap

58.8%by weight

Expense ratio

VV −0.06pt a year

SPXT0.09%VV0.03%

Avg volume · 30D

VV 12.3×the volume

SPXT18.1KVV223K

10Y return · a year

VV +3.8pt

SPXT+11.6%VV+15.4%

SPXT vs VV Performance

Oct 29, 2021 – Oct 30, 2026

+51.2%SPXT+73.2%VV

Expense ratio: SPXT 0.09%; VV 0.03%, better
Fund size: SPXT $327M; VV $76B
1Y total return: SPXT +10.7%; VV +11.5%, better
Yield (12M): SPXT 1.30%, better; VV 1.03%
Holdings: SPXT 428; VV 423
Avg volume (30D): SPXT 18.1K sh; VV 223K sh, better
NAV per share: SPXT $110.39; VV $348.06
52W range

ETF.net Grade

Pillar letters and Scores for SPXT, VV, with each pillar’s weight
Pillar	SPXT	VV
Cost30% weight	A73	A91Higher
Mission25% weight	B67	A99Higher
Risk15% weight	A70Higher	B55
Tradability15% weight	C53	B57Higher
Holdings10% weight	A73Higher	C51
Durability5% weight	A71	A93Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. SPXT and VV are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

VV ranks 4th and SPXT 8th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 5AIWBiShares Russell 1000 ETFScore 77
Rank 8BHDUSHartford Disciplined US Equity ETFScore 67
Rank 8BSPXTProShares S&P 500 Ex-Technology ETFScore 67
Rank 10BSPXNProShares S&P 500 Ex-Financials ETFScore 64

Our read on each fund

ETF.net Research

SPXTBProShares S&P 500 Ex-Technology ETF

VVAVanguard Morningstar Large-Cap ETF

In short

SPXT The S&P 500 with its single biggest sector cut out. SPXT tracks an S&P index that drops every company GICS files under information technology (software, hardware, semis) and keeps the other roughly 400.

VV Vanguard's rules-based read on large cap: own whatever sits in the top 85% of the US market, about 500 names, for 0.03% a year. Running since 2004.

Stated mandate

SPXT SPXT provides exposure to the large-cap S&P 500 while excluding companies classified in the information technology sector.

VV The fund seeks to track the CRSP US Large Cap Index through a passive, full-replication strategy focused predominantly on large U.S. companies diversified across growth and value styles.

Why people hold it

SPXT Charges 0.09% a year, under the median for its large-cap peer group, which is cheap for a fund with a rulebook this specific.
One rule, applied by index committee, not manager hunch: own the S&P 500, skip the info tech sector, weight the rest by market cap.spglobal.com proshares.com
Sticks close to the S&P 500 Ex-Information Technology Index it follows, and sits in the upper half of its large-cap cohort. Pays quarterly.
Live since 2015, part of the ProShares ex-sector lineup that also carves out energy, financials and health care.proshares.com

VV Charges 0.03% a year against a 0.14% median for its large-cap peer group. Among the cohort's top names, only SCHX matches that fee.
Full replication: it buys every stock in the index at roughly index weight, and it has tracked that benchmark very closely.vanguard.com
The ETF share class of a Vanguard index fund launched in 2004, now a multi-billion-dollar strategy with mutual fund siblings alongside it.vanguard.com
Cost, tracking and staying power put it in the top tier of a crowded 24-fund large-cap cohort.

Worth knowing

SPXT "Ex-tech" is a GICS label, not a vibe. Names like Meta sit outside the info tech sector, so the fund still holds stocks most people call tech.spglobal.com
Removing the S&P 500's largest sector means results drift from the plain index in both directions.wikipedia.org
Thinly traded next to the giant core S&P funds, so bid-ask spreads can be wider.

VV Market-cap weighted, so the biggest US companies (and their sector tilts) carry most of the weight.vanguard.com
The index stops at the top 85% of US investable market cap: mid- and small-cap names sit outside it.vanguard.com
After Morningstar acquired CRSP, the benchmark and the fund name picked up the Morningstar label. Same index, same fund.vanguard.com vanguard.com 2

Full SPXT profile⁠

Full VV profile⁠

SPXT vs VV Holdings

How SPXT and VV differ

Overlap by weight

58.8%

Shared holdings make up 96.1% of SPXT and 58.8% of VV.

Level by level

Holdings327 in both58.8%
Sector11 Sectors60.1%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in SPXT and VV, widest gap first
Sector	More in SPXTMore in VV	SPXT	VV
Technology	VV +39.9 points	1.2%	41.1%
Financials	SPXT +7.3 points	18.6%	11.3%
Communication	SPXT +6.5 points	16.5%	10.0%
Consumer Discretionary	SPXT +6.2 points	14.5%	8.3%
Health Care	SPXT +6.2 points	15.3%	9.2%
Industrials	SPXT +4.9 points	12.5%	7.6%
Consumer Staples	SPXT +2.9 points	7.2%	4.3%
Energy	SPXT +2.1 points	5.6%	3.5%
Utilities	SPXT +1.4 points	3.1%	1.7%
Real Estate	SPXT +1.3 points	2.8%	1.5%
Materials	SPXT +1.0 points	2.6%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in SPXT and VV, widest gap first
Country	More in SPXTMore in VV	SPXT	VV
United States	VV +0.5 points	99.5%	100.0%
Other countries (3)	SPXT +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

SPXT30.1%
VV39.5%

Securities held

SPXT427
VV422

Asset class

SPXT: Equity
VV: Equity

Holdings

Only in SPXT100
In both327
Only in VV95

Only in SPXT

100 securities, 3.6% of SPXT by weight

Vylor Inc0.12%
Illumina Inc0.09%
Emcor Group Inc0.07%
Williams-Sonoma Inc0.07%
Atmos Energy Corp0.07%
Casey's General Stores Inc0.06%
Tapestry Inc0.06%
Smurfit Westrock PLC0.06%
Omnicom Group0.05%
Amcor PLC0.05%
Viatris Inc0.05%
Nisource Inc0.05%
Expand Energy Corp0.05%
Incyte Corp0.05%
Nrg Energy Inc0.05%
Evergy Inc0.05%
Fortive Corp0.05%
Best Buy Co Inc0.05%
Cf Industries Holdings Inc0.05%
Dupont De Nemours Inc0.05%
Alliant Energy Corp0.05%
Apa Corp0.05%
Jacobs Solutions Inc0.04%
Zimmer Biomet Holdings Inc0.04%
Leidos Holdings Inc0.04%
Ball Corp0.04%
Tractor Supply Company0.04%
Revvity Inc0.04%
Host Hotels & Resorts Inc0.04%
Essex Property Trust Inc0.04%
Idex Corp0.04%
Hasbro Inc0.04%
Charles River Laboratories0.04%
Genuine Parts Co0.04%
Nordson Corp0.04%
Hunt (Jb) Transprt Svcs Inc0.04%
Kimco Realty Corp0.04%
Masco Corp0.04%
Allegion PLC0.04%
Stanley Black & Decker Inc0.04%
Bunge Global SA0.04%
Fedex Freight Holding Co0.04%
Ralph Lauren Corp0.04%
Everest Group Ltd0.04%
Weyerhaeuser Co0.04%
Textron Inc0.04%
C.h. Robinson Worldwide Inc0.04%
Invitation Homes Inc0.03%
Assurant Inc0.03%
Jm Smucker Co/The0.03%

Only in VV

95 securities, 41.2% of VV by weight

NVIDIA Corp8.12%
Apple Inc7.55%
Microsoft Corp5.92%
Broadcom Inc2.60%
Micron Technology Inc1.87%
Advanced Micro Devices Inc1.55%
Intel Corp0.84%
Lam Research Corp0.64%
Palantir Technologies Inc0.64%
Applied Materials Inc0.63%
Cisco Systems Inc0.59%
Palo Alto Networks Inc0.50%
Crowdstrike Holdings Inc0.40%
Texas Instruments Inc0.40%
Sandisk Corp0.40%
KLA Corp0.40%
Oracle Corp0.37%
Marvell Technology Inc0.36%
Arista Networks Inc0.34%
Seagate Technology Holdings PLC0.32%
Amphenol Corp0.32%
International Business Machines Corp0.32%
QUALCOMM Inc0.30%
Analog Devices Inc0.30%
Salesforce Inc0.28%
Dell Technologies Inc0.24%
Western Digital Corp0.24%
ServiceNow Inc0.22%
Corning Inc0.19%
Accenture PLC0.17%
Cloudflare Inc0.17%
Snowflake Inc0.17%
Fortinet Inc0.17%
Adobe Inc0.15%
Datadog Inc0.14%
Cadence Design Systems Inc0.14%
Space Exploration Technologies Corp0.14%
Lumentum Holdings Inc0.14%
Synopsys Inc0.13%
Hewlett Packard Enterprise Co0.12%
Intuit Inc0.12%
Warner Bros Discovery Inc0.11%
Motorola Solutions Inc0.11%
Monolithic Power Systems Inc0.10%
Teradyne Inc0.10%
Keysight Technologies Inc0.10%
TE Connectivity PLC0.09%
Coherent Corp0.09%
Strategy Inc0.09%
Astera Labs Inc0.09%

Weight gaps

The 100 widest of 327 Holdings in both funds.

Holding weights in SPXT and VV, widest gap first
Holding	More in SPXTMore in VV	SPXT	VV
Amazon.com IncAMZN	SPXT +2.00 points	5.76%	3.76%
Eli Lilly & CoLLY	SPXT +1.26 points	2.78%	1.52%
Tesla IncTSLA	SPXT +1.20 points	2.75%	1.55%
Berkshire Hathaway Inc-Cl BBRK.B	SPXT +1.12 points	2.47%	1.35%
Alphabet Inc-Cl AGOOGL	SPXT +0.87 points	4.01%	3.14%
Visa Inc-Class A SharesV	SPXT +0.84 points	1.72%	0.88%
Exxonmobil Holdings CorpXOM	SPXT +0.83 points	1.88%	1.05%
Meta Platforms Inc-Class AMETA	SPXT +0.83 points	3.31%	2.48%
JPMorgan Chase & CoJPM	SPXT +0.82 points	2.19%	1.37%
Alphabet Inc-Cl CGOOG	SPXT +0.74 points	3.23%	2.49%
Walmart IncWMT	SPXT +0.63 points	1.34%	0.71%
Johnson & JohnsonJNJ	SPXT +0.62 points	1.61%	0.99%
Mastercard Inc - AMA	SPXT +0.59 points	1.26%	0.67%
AbbVie IncABBV	SPXT +0.55 points	1.27%	0.72%
Chevron CorpCVX	SPXT +0.54 points	1.14%	0.60%
Costco Wholesale CorpCOST	SPXT +0.46 points	1.09%	0.63%
Procter & Gamble Co/ThePG	SPXT +0.40 points	0.92%	0.52%
UnitedHealth Group IncUNH	SPXT +0.38 points	0.89%	0.51%
Coca-Cola Co/TheKO	SPXT +0.37 points	0.89%	0.52%
Home Depot IncHD	SPXT +0.36 points	0.80%	0.44%
Merck & Co. Inc.MRK	SPXT +0.34 points	0.90%	0.56%
Philip Morris InternationalPM	SPXT +0.33 points	0.79%	0.46%
Rtx CorpRTX	SPXT +0.27 points	0.66%	0.39%
General ElectricGE	SPXT +0.27 points	0.77%	0.50%
Amgen IncAMGN	SPXT +0.27 points	0.62%	0.35%
Goldman Sachs Group IncGS	SPXT +0.25 points	0.63%	0.38%
Wells Fargo & CoWFC	SPXT +0.24 points	0.62%	0.38%
Linde PLCLIN	SPXT +0.24 points	0.58%	0.34%
Thermo Fisher Scientific IncTMO	SPXT +0.24 points	0.63%	0.39%
Bank of America CorpBAC	SPXT +0.23 points	0.79%	0.56%
Gilead Sciences IncGILD	SPXT +0.23 points	0.52%	0.29%
ConocophillipsCOP	SPXT +0.22 points	0.45%	0.23%
Morgan StanleyMS	SPXT +0.20 points	0.54%	0.34%
Mcdonald's CorpMCD	SPXT +0.20 points	0.45%	0.25%
Union Pacific CorpUNP	SPXT +0.19 points	0.44%	0.25%
Pepsico IncPEP	SPXT +0.19 points	0.46%	0.27%
Walt Disney Co/TheDIS	SPXT +0.19 points	0.47%	0.28%
Abbott LaboratoriesABT	SPXT +0.18 points	0.45%	0.27%
Netflix IncNFLX	SPXT +0.18 points	0.63%	0.45%
Nextera Energy IncNEE	SPXT +0.18 points	0.43%	0.25%
BlackRock IncBLK	SPXT +0.18 points	0.41%	0.23%
American Express CoAXP	SPXT +0.17 points	0.41%	0.24%
Pfizer IncPFE	SPXT +0.17 points	0.42%	0.25%
S&P Global IncSPGI	SPXT +0.17 points	0.35%	0.18%
Ge Vernova IncGEV	SPXT +0.17 points	0.56%	0.39%
Citigroup IncC	SPXT +0.16 points	0.50%	0.34%
Verizon Communications IncVZ	SPXT +0.15 points	0.45%	0.30%
Welltower IncWELL	SPXT +0.15 points	0.41%	0.26%
Tjx Companies IncTJX	SPXT +0.15 points	0.38%	0.23%
Intuitive Surgical IncISRG	SPXT +0.15 points	0.37%	0.22%
Moderna IncMRNA	SPXT +0.15 points	0.20%	0.05%
Deere & CoDE	SPXT +0.14 points	0.41%	0.27%
Altria Group IncMO	SPXT +0.15 points	0.32%	0.17%
Vertex Pharmaceuticals IncVRTX	SPXT +0.14 points	0.35%	0.21%
Progressive CorpPGR	SPXT +0.14 points	0.33%	0.19%
Danaher CorpDHR	SPXT +0.13 points	0.35%	0.22%
Chubb LtdCB	SPXT +0.13 points	0.31%	0.18%
Lockheed Martin CorpLMT	SPXT +0.13 points	0.31%	0.18%
Marathon Petroleum CorpMPC	SPXT +0.13 points	0.30%	0.17%
Mckesson CorpMCK	SPXT +0.13 points	0.28%	0.15%
Automatic Data ProcessingADP	SPXT +0.12 points	0.28%	0.16%
Lowe's Cos IncLOW	SPXT +0.13 points	0.29%	0.16%
Capital One Financial CorpCOF	SPXT +0.13 points	0.31%	0.18%
Starbucks CorpSBUX	SPXT +0.12 points	0.29%	0.17%
Caterpillar IncCAT	SPXT +0.12 points	0.70%	0.58%
Cme Group IncCME	SPXT +0.12 points	0.27%	0.15%
Uber Technologies IncUBER	SPXT +0.12 points	0.33%	0.21%
Southern Co/TheSO	SPXT +0.11 points	0.26%	0.15%
Phillips 66PSX	SPXT +0.12 points	0.28%	0.16%
Medtronic PLCMDT	SPXT +0.12 points	0.29%	0.17%
Bristol-Myers Squibb CoBMY	SPXT +0.11 points	0.31%	0.20%
Cvs Health CorpCVS	SPXT +0.11 points	0.28%	0.17%
Kimberly-Clark CorpKMB	SPXT +0.11 points	0.16%	0.05%
Marsh & Mclennan CosMRSH	SPXT +0.10 points	0.23%	0.13%
Regeneron PharmaceuticalsREGN	SPXT +0.11 points	0.23%	0.12%
Valero Energy CorpVLO	SPXT +0.11 points	0.28%	0.17%
Prologis IncPLD	SPXT +0.11 points	0.30%	0.19%
Duke Energy CorpDUK	SPXT +0.10 points	0.24%	0.14%
Boeing Co/TheBA	SPXT +0.10 points	0.33%	0.23%
Csx CorpCSX	SPXT +0.11 points	0.24%	0.13%
Stryker CorpSYK	SPXT +0.10 points	0.25%	0.15%
Schwab (Charles) CorpSCHW	SPXT +0.10 points	0.35%	0.25%
General Dynamics CorpGD	SPXT +0.10 points	0.23%	0.13%
Eog Resources IncEOG	SPXT +0.10 points	0.21%	0.11%
AT&T IncT	SPXT +0.10 points	0.36%	0.26%
Elevance Health IncELV	SPXT +0.09 points	0.22%	0.13%
American Tower CorpAMT	SPXT +0.09 points	0.21%	0.12%
Equinix IncEQIX	SPXT +0.09 points	0.25%	0.16%
Williams Cos IncWMB	SPXT +0.09 points	0.22%	0.13%
Eaton Corp PLCETN	SPXT +0.09 points	0.35%	0.26%
Marriott International -Cl AMAR	SPXT +0.09 points	0.21%	0.12%
Bank of New York Mellon CorpBNY	SPXT +0.09 points	0.24%	0.15%
Emerson Electric CoEMR	SPXT +0.09 points	0.22%	0.13%
United Parcel Service-Cl BUPS	SPXT +0.09 points	0.20%	0.11%
Parker Hannifin CorpPH	SPXT +0.09 points	0.28%	0.19%
Mondelez International Inc-AMDLZ	SPXT +0.09 points	0.20%	0.11%
3M CoMMM	SPXT +0.09 points	0.22%	0.13%
Us BancorpUSB	SPXT +0.09 points	0.23%	0.14%
Waste Management IncWM	SPXT +0.08 points	0.21%	0.13%
Hilton Worldwide Holdings InHLT	SPXT +0.09 points	0.20%	0.11%

All 430 SPXT holdings⁠All 479 VV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPXT vs VV Cost

Overpaying SPXT vs VV

$1,260

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SPXT 0.09%
$1,898
VV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SPXT 0.09%
VV 0.03%
Overpaying

Year by year

Year	SPXT	VV	Overpaying
10	$165	$55	$110
20	$646	$216	$430
30	$1,898	$638	$1,260

Expense ratio

0.09%SPXT
0.03%VV, cheaper

VV0.03%SPXT0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

VV 3rd cheapest of 29 funds

SPXT 7th cheapest of 29 funds

SPXT vs VV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPXT 1.30%, better; VV 1.03%
Payout (12M): SPXT $1.44; VV $3.60
Last payment: SPXT $0.32; VV $0.90
Ex-dividend: SPXT Sep 23, 2026; VV Sep 28, 2026
Paid on: SPXT Sep 29, 2026; VV Sep 30, 2026
Frequency: SPXT Quarterly; VV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPXTQuarterly · 39 paymentsAll SPXT payments⁠

VVQuarterly · 39 paymentsAll VV payments⁠

SPXT vs VV Risk

Fall from peak · 5 years

SPXT
VV

Risk facts

VolatilityStd dev, 3 years: SPXT 10.9%, betterVV 12.5%
Return per unit of riskSharpe ratio, 3 years: SPXT 1.23VV 1.41, better
Worst fallMax drawdown, 5 years: SPXT −21.5%, betterVV −25.7%
Market sensitivityBeta, 5 years: SPXT 0.78VV 1.02; Market = 1

SPXT and VV in the news

All news⁠

Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026VV
Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026VV

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SPXT vs VV

In short

Stated mandate

Why people hold it

Worth knowing

How SPXT and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPXT

Only in VV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How SPXT and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPXT

Only in VV

Weight gaps