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- Upturn Summary
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Upturn AI Summary
ProShares S&P 500® ex-Financials ETF(SPXN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPXN
10/28/2026: SPXN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
ProShares S&P 500® ex-Financials ETF (SPXN) provides investors with exposure to the S&P 500 index while systematically excluding companies in the Financials sector. It is a useful tool for those wishing to avoid sector-specific regulatory or economic risks while maintaining core large-cap U.S. equity exposure. While it provides strong diversification within the remaining sectors, it lacks the liquidity and low expense ratios of broader, market-cap-weighted alternatives. The fund is best suited for tactical investors or those with specific exclusion mandates who are comfortable with the increased sector concentration. Key factors to monitor include the relative performance of the financial sector and the fund’s overall liquidity.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The exclusion of financials often leaves a portfolio more heavily weighted toward high-growth technology and consumer sectors. |
| Momentum investor | Strong fit while signal remains positive | This fund is useful for momentum traders looking to capture large-cap gains while avoiding sector-specific headwinds in financials. |
| Value investor | Weak fit | Financials often constitute a core component of value-oriented portfolios, making this fund suboptimal for pure value strategies. |
| Dividend/Income investor | Weak fit | Financial stocks are often significant contributors to dividend yield, so excluding them may lower overall portfolio income. |
| Low-risk investor | Mixed fit | While it removes the specific risk of financial industry shocks, the resulting concentration in other sectors may increase overall volatility. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced or tactical participant who has a specific view that the financial sector will underperform or wishes to remove financial exposure for specific exclusionary reasons.
Suitability
Best suited for passive index followers who have defined a specific strategic tilt for their long-term equity allocation.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | Removing a major sector may lead to higher idiosyncratic risk compared to the total market. |
| Market risk | High | The fund remains fully exposed to systemic equity market risk. |
| Concentration | Medium / high | The absence of one of the largest market sectors increases the relative weight of the remaining sectors. |
| Tracking/expense | Low | The fund maintains a consistent index-tracking approach with predictable costs. |
| Liquidity | Medium | Lower average daily volume compared to major benchmarks can result in wider bid-ask spreads. |
| Business/sector quality | Medium | The performance is entirely dependent on the health of the non-financial sectors within the S&P 500. |
Risk Analysis
Volatility
Historical volatility is slightly higher than the total S&P 500, as the financial sector often acts as a stabilizer in certain market conditions.
Market Risk
The fund is susceptible to the same systemic risks as the broader US large-cap equity market, excluding the bank-specific risks.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Information Technology | 35 | Tech stocks serve as the primary growth engine for this portfolio. |
| Sector | Health Care | 15 | Health care provides a defensive buffer against economic volatility. |
| Sector | Consumer Discretionary | 13 | This sector captures consumer spending trends outside of basic necessities. |
| Sector | Communication Services | 12 | Communication firms offer growth potential through digital media and services. |
| Sector | Industrials | 11 | Industrial holdings provide exposure to broader manufacturing and infrastructure trends. |
| Cash/collateral | 14 | Minor cash reserves are maintained for liquidity and to manage daily inflows/outflows. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 47.84% | Avg. Invested days 65 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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