Loading…
Loading…
The ProShares S&P 500 Ex-Technology ETF (SPXT) is designed to offer investment exposure to companies within the broader S&P 500 Index, specifically excluding those categorized under the Information Technology sector. Ordinarily, the fund commits a minimum of 80% of its total assets to the underlying securities that make up this specialized benchmark.
Is SPXT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
I maintain the Hold rating on the ProShares S&P 500 Ex-Technology ETF. SPXT aims to address the S&P 500's IT sector concentration issue but falls short of delivering alpha. SPXT cannot fully eliminate tech-like exposures, and the removal of GICS IT names reduces upside capture, impairing cumulative and risk-adjusted returns.
If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the ProShares S&P 500 Ex-Technology ETF (SPXT), a passively managed exchange traded fund launched on September 22, 2015.
Launched on September 22, 2015, the ProShares S&P 500 Ex-Technology ETF (SPXT) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
ProShares S&P 500 Ex-Technology ETF is a passively managed ETF offering exposure to the S&P 500 without the GICS IT sector. With financials as the top allocation, SPXT is lighter in growth than IVV, with larger exposure to value and low volatility factors. Since September 2018, SPXT has underperformed IVV by almost 43%, delivering softer risk-adjusted returns as well.
Looking for broad exposure to the Large Cap Blend segment of the US equity market? You should consider the ProShares S&P 500 Ex-Technology ETF (SPXT), a passively managed exchange traded fund launched on September 22, 2015.