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ProShares S&P 500® ex-Financials ETF (SPXN)
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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
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 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | 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 |
Upturn AI SWOT
ProShares S&P 500® ex-Financials ETF
ETF Overview
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
ProShares is a well-known issuer of ETFs, particularly those with geared or alternative strategies. They have a solid track record in managing ETFs.
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
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
- 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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.