SPXN
SPXN 2-star rating from Upturn Advisory

ProShares S&P 500® ex-Financials ETF (SPXN)

ProShares S&P 500® ex-Financials ETF (SPXN) 2-star rating from Upturn Advisory
$72.8
Last Close (24-hour delay)
Profit since last BUY18.26%
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BUY since 126 days
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Upturn Advisory Summary

11/07/2025: SPXN (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 2 star rating for performance

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 48.1%
Avg. Invested days 76
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Upturn Advisory Performance Upturn Advisory Performance icon 5.0
ETF Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/07/2025

Key Highlights

Volume (30-day avg) -
Beta 1
52 Weeks Range 51.28 - 65.88
Updated Date 06/29/2025
52 Weeks Range 51.28 - 65.88
Updated Date 06/29/2025

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

ProShares S&P 500® ex-Financials ETF

ProShares S&P 500® ex-Financials ETF(SPXN) company logo displayed in Upturn AI summary

ETF Overview

overview logo Overview

The ProShares S&P 500 ex-Financials ETF (SPXN) provides exposure to the S&P 500 index while excluding financial sector companies. Its aim is to offer diversified exposure to the U.S. equity market, excluding potential sector-specific risks or biases associated with the financial industry. The asset allocation is representative of the S&P 500, excluding financial stocks.

Reputation and Reliability logo Reputation and Reliability

ProShares is a well-known issuer of ETFs, particularly those with geared or alternative strategies. They have a solid track record in managing ETFs.

Leadership icon representing strong management expertise and executive team Management Expertise

ProShares has a dedicated management team with expertise in developing and managing various ETF strategies, including sector-specific and index-based funds.

Investment Objective

Icon representing investment goals and financial objectives Goal

To provide investment results that correspond to the performance of the S&P 500 ex-Financials Index.

Investment Approach and Strategy

Strategy: This ETF tracks the S&P 500 ex-Financials Index, which represents the performance of the S&P 500 Index excluding companies classified in the Financials sector.

Composition The ETF primarily holds stocks from various sectors within the S&P 500, excluding companies in the Financials sector.

Market Position

Market Share: SPXN's market share within the S&P 500 ex-Financials sector is moderate compared to broad market ETFs.

Total Net Assets (AUM): 74380000

Competitors

Key Competitors logo Key Competitors

  • SPY
  • IVV
  • VOO

Competitive Landscape

The ETF market is highly competitive with many broad market ETFs. SPXN offers a niche focus by excluding financials. Competitors like SPY, IVV, and VOO offer broad market exposure including financials, making SPXN suitable for investors seeking to avoid the sector.

Financial Performance

Historical Performance: Historical performance is linked to the S&P 500 ex-Financials Index. Specific performance data would need to be pulled from financial data providers.

Benchmark Comparison: The ETF aims to closely track the performance of the S&P 500 ex-Financials Index, serving as its benchmark.

Expense Ratio: 0.09

Liquidity

Average Trading Volume

The ETF's average trading volume is moderate, reflecting its niche focus relative to broader market ETFs.

Bid-Ask Spread

The bid-ask spread is generally tight, indicating relatively efficient trading for this ETF.

Market Dynamics

Market Environment Factors

Economic indicators, sector growth prospects of non-financial sectors, and overall market sentiment impact SPXN's performance.

Growth Trajectory

Growth trends mirror the S&P 500, excluding financials. Changes in the underlying index composition will be reflected in the ETF's holdings.

Moat and Competitive Advantages

Competitive Edge

SPXNu2019s competitive advantage lies in its specific focus on the S&P 500 without the financial sector, appealing to investors seeking to avoid financial stocks. This targeted exposure is achieved through a passive index-tracking strategy. Its low expense ratio compared to actively managed funds that exclude financials also contributes to its appeal. The focused strategy allows targeted exposure.

Risk Analysis

Volatility

Volatility is generally aligned with the S&P 500, but may differ slightly due to the exclusion of the financial sector.

Market Risk

Market risk is inherent in the ETFu2019s underlying assets, reflecting the potential for losses due to broader market declines or sector-specific downturns outside the financial industry.

Investor Profile

Ideal Investor Profile

The ideal investor is someone seeking diversified exposure to the U.S. equity market but wants to avoid the financial sector. It is appropriate for those who hold a bearish view on financial sector.

Market Risk

This ETF is best suited for long-term investors or passive index followers who prefer to exclude the financial sector from their portfolio.

Summary

The ProShares S&P 500 ex-Financials ETF (SPXN) offers targeted exposure to the S&P 500 index while excluding financial stocks. The ETF aims to track the S&P 500 ex-Financials index and is most suitable for long-term investors seeking to customize their sector exposure. SPXN comes with an expense ratio of 0.09%. Investors should consider the specific exclusion of the financials sector when assessing its suitability for their portfolios.

Similar ETFs

Sources and Disclaimers

Data Sources:

  • ProShares Official Website
  • ETF.com
  • Morningstar

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About ProShares S&P 500® ex-Financials ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index and fund seek to provide exposure to the companies of the S&P 500® Index (the S&P 500®) with the exception of those companies included in the Financials and Real Estate Sectors. It is non-diversified.