SPXN

ProShares S&P 500 Ex-Financials

The ProShares S&P 500 Ex-Financials ETF tracks a market cap-weighted index of US large- and midcap stocks (the S&P 500), excluding firms in the financial sector.


5.9%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 52nd

NEUTRAL

Recommendation
Fund Basics
Fund sponsorProShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 22, 2015
Assets (mns)$2
Expense ratio27 bp
CurrencyUSD
Constituent Breakdown
No. of constituents405
Herfindahl-Hirschman Index 106
Wgt avg mkt cap (mns)$234,749
Large cap (>$10bn)97.8%
Mid cap ($2-10bn)2.2%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 4.4 %
APPLE INC 4.1 %
AMAZON.COM INC 3.5 %
FACEBOOK 2.1 %
JOHNSON & JOHNSON 1.9 %
ALPHABET INC. CLASS C 1.9 %
ALPHABET INC. CLASS A 1.8 %
EXXON MOBIL CORP 1.7 %
VISA INC-CLASS A SHARES 1.3 %
PROCTER & GAMBLE CO/THE 1.3 %
Sector Breakdown
Country Exposure
UNITED STATES 96.9 %
IRELAND 1.6 %
SWITZERLAND 0.3 %
BRITAIN 0.1 %
FRANCE 0.1 %
Historical Performance


Standardized Annual Returns (as of 02/28/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
12.0% 6.1% 11.3% 14.7% 0.0% 0.0% 13.8%
Market Correlations
versus...BetaR-squared
S&P 5000.9897%
MSCI EAFE0.7859%
MSCI Emg Mkts0.4840%
Liquidity Measures
Avg. volume (000)1
Turnover2.9%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$164,893
Technical Indicators
Recent close$58.47
30d moving avg.$57.27
Annualized volatility11.2%
Relative strength (RSI)67
Short interest (ETF)10.3%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  SPXN Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. SPXN
Expenses
vs. SPXN
ALTAR Score™
vs. SPXN
HSPX Global X S&P 500 Covered Call 88.1% +38 bp -0.5%
PBP Invesco S&P 500 Buy/Write 84.6% +22 bp -0.3%
SPY S&P 500 SPDR 83.0% -18 bp +0.1%
VOO Vanguard S&P 500 ETF 83.0% -23 bp +0.1%
IVV iShares Core S&P 500 83.0% -23 bp +0.1%
MGC Vanguard Mega Cap 300 ETF 82.0% -20 bp +0.0%
SPXE ProShares S&P 500 Ex-Energy 81.9% 0 bp +0.1%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 81.9% -7 bp +0.2%
SPXV ProShares S&P 500 Ex-Health Care 80.0% 0 bp 0.0%
IWL iShares Russell Top 200 79.9% -12 bp -0.1%
PBUS Invesco PureBeta MSCI USA 79.1% -23 bp +0.2%
VV Vanguard Large-Cap ETF 78.9% -22 bp +0.1%
JUST Goldman Sachs JUST U.S. Large Cap Equity 77.5% -7 bp -0.2%
SCHX Schwab U.S. Large-Cap 76.8% -24 bp +0.1%
SPLG SPDR Portfolio Large Cap 76.4% -24 bp +0.0%
CATH Global X S&P 500 Catholic Values 75.1% +2 bp 0.0%
VONE Vanguard Russell 1000 74.3% -15 bp 0.0%
SPXT ProShares S&P 500 Ex-Technology 74.2% 0 bp +0.1%
IWB iShares Russell 1000 74.2% -12 bp 0.0%
SCHK Schwab 1000 Index 74.0% -22 bp +0.0%

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Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

SPXN

5.9%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.9%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 658 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.2%. SPXN's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places SPXN in the 52nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
SPXN
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Where to Trade SPXN
Commission
on SPXN1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.