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SPXT
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ProShares S&P 500® ex-Technology ETF (SPXT)

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$98.22
Last Close (24-hour delay)
Profit since last BUY6.34%
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Consider higher Upturn Star rating
BUY since 65 days
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Upturn Advisory Summary

08/14/2025: SPXT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 26.8%
Avg. Invested days 71
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta 0.9
52 Weeks Range 79.37 - 96.93
Updated Date 06/29/2025
52 Weeks Range 79.37 - 96.93
Updated Date 06/29/2025

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ProShares S&P 500® ex-Technology ETF

stock logo

ETF Overview

overview logo Overview

The ProShares S&P 500u00ae ex-Technology ETF (SPXT) provides exposure to the S&P 500 index while excluding companies classified in the Technology sector. This offers investors a way to diversify away from technology stocks and focus on other sectors of the US economy. The ETF aims to track the performance of the S&P 500 ex-Technology Index.

reliability logo Reputation and Reliability

ProShares is a well-known ETF issuer specializing in alternative and leveraged ETFs. They have a strong reputation for creating innovative and targeted investment products.

reliability logo Management Expertise

ProShares has an experienced management team focused on developing and managing specialized ETFs, leveraging expertise in financial engineering and index tracking.

Investment Objective

overview logo Goal

The investment seeks investment results that correspond to the performance of the S&P 500 ex-Technology Index.

Investment Approach and Strategy

Strategy: The ETF tracks the S&P 500 ex-Technology Index, a market-capitalization weighted index that excludes companies classified in the Global Industry Classification Standard (GICS) technology sector.

Composition The ETF primarily holds stocks from various sectors within the S&P 500, excluding Technology. This includes sectors like Healthcare, Financials, Consumer Discretionary, Industrials and Energy.

Market Position

Market Share: SPXT's market share within the ex-technology ETF landscape is moderate, reflecting its specific niche.

Total Net Assets (AUM): 179186368

Competitors

overview logo Key Competitors

  • Invesco S&P 500 Equal Weight ETF (RSP)
  • VictoryShares US 500 Enhanced Volatility Wtd ETF (CFA)
  • First Trust Large Cap Core AlphaDEX ETF (FEX)

Competitive Landscape

The competitive landscape includes ETFs that offer broad market exposure with different weighting methodologies or factor tilts. SPXT's advantage lies in its targeted exclusion of the technology sector. Competitors such as RSP offer equal-weighted exposure to the S&P 500, while others like CFA focus on volatility-weighted strategies. SPXT may appeal to investors concerned about tech sector concentration or seeking sector-specific diversification.

Financial Performance

Historical Performance: Historical performance data should be obtained from financial data providers for accurate assessment.

Benchmark Comparison: The ETF's performance should be compared against the S&P 500 ex-Technology Index to assess tracking effectiveness.

Expense Ratio: 0.24

Liquidity

Average Trading Volume

The average trading volume provides an insight into how easily the ETF shares can be bought or sold without significantly impacting its price.

Bid-Ask Spread

The bid-ask spread measures the difference between the highest price a buyer is willing to pay and the lowest price a seller will accept, providing insights into the cost of trading the ETF.

Market Dynamics

Market Environment Factors

Economic indicators (GDP growth, inflation), sector growth prospects (outside of technology), and overall market conditions influence SPXT. Interest rate changes and global economic trends will also impact performance.

Growth Trajectory

The growth trajectory is dependent on investor appetite for non-technology exposure and the relative performance of other sectors compared to the technology sector. Changes in the underlying index methodology or holdings would affect future growth.

Moat and Competitive Advantages

Competitive Edge

SPXT's primary competitive advantage is its targeted exposure to the S&P 500 excluding technology companies. This allows investors to express a specific view on the tech sector's valuation or future prospects. The ETF offers a straightforward way to diversify away from the potentially high volatility and concentration risks within the technology sector. While other ETFs may offer broad market exposure, SPXT's focused approach provides a unique tool for portfolio construction.

Risk Analysis

Volatility

The ETF's volatility will be dependent on the volatility of the non-technology sectors within the S&P 500. Historical volatility should be assessed based on the ETF's trading history.

Market Risk

The underlying assets are subject to market risk, meaning that the value of the ETF can fluctuate based on overall market conditions and economic factors. The ex-technology focus reduces exposure to technology-specific risks but increases exposure to other sectors.

Investor Profile

Ideal Investor Profile

The ideal investor is someone seeking exposure to the broader US economy while intentionally avoiding the technology sector. This may include investors concerned about technology sector valuations, or those seeking diversification benefits by reducing tech exposure.

Market Risk

SPXT is suitable for long-term investors seeking strategic sector allocation and may also be used by active traders seeking to express a view on the technology sector's relative performance.

Summary

The ProShares S&P 500u00ae ex-Technology ETF provides targeted exposure to the S&P 500 while excluding technology companies. It can be used by investors looking to diversify away from the technology sector or express a view on its relative performance. The ETF's performance will depend on the performance of non-technology sectors and overall market conditions. The expense ratio is 0.24%, making it a cost-effective way to gain targeted exposure. SPXT is suitable for both long-term investors and active traders seeking a specific sector allocation strategy.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • ProShares
  • Morningstar
  • Bloomberg

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About ProShares S&P 500® ex-Technology 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. 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 Information Technology Sector. It is non-diversified.