SPXN vs VOO
SPXN vs VOO
ProShares S&P 500 Ex-Financials ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPXN delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPXN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $76M | $979.0B | |
| Dividend Yield | 0.90% | 1.09% | |
| Holdings | 397 | 509 | |
| YTD Return | +10.86% | +9.95% | |
| 1Y Return | +21.32% | +19.58% | |
| 3Y Return (annualized) | +19.52% | +19.43% | |
| 5Y Return (annualized) | +13.22% | +12.89% | |
| Volatility (annualized) | 15.7% | 14.2% | |
| Max Drawdown | -32.1% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 22, 2015 | Sep 7, 2010 |
SPXN vs VOO Performance
ProShares S&P 500 Ex-Financials ETF (SPXN) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPXN returned +21.32% while VOO returned +19.58%. Year to date, SPXN is up 10.86% versus a gain of 9.95% for VOO.
Over three years, SPXN compounded at +19.52% per year against +19.43% for VOO; over five years the annualized figures are +13.22% and +12.89% respectively. Across the full 11-year window we track, SPXN has the edge at +14.57% annualized vs +13.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.2% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.1% for SPXN and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXN charges 0.09% per year while VOO charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, SPXN currently yields 0.90% against 1.09% for VOO.
Holdings Overlap
SPXN and VOO share 384 holdings out of 517 unique holdings combined, representing a 85.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPXN | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 8.49% | 7.51% | 0.98% |
| AAPL | 8.23% | 6.59% | 1.64% |
| MSFT | 5.16% | 4.30% | 0.86% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings SPXN shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPXN or VOO?
SPXN has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SPXN or VOO?
Over the past year SPXN returned +21.32% vs +19.58% for VOO, so SPXN leads on 1-year performance. Over the longest common window we track (11 years), SPXN annualized +14.57% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, SPXN or VOO?
SPXN has been the more volatile fund at 15.7% annualized versus 14.2% for VOO. Worst drawdown: SPXN -32.1% vs VOO -34.3%.
Should I hold both SPXN and VOO?
SPXN and VOO have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPXN and VOO?
SPXN and VOO share 384 common holdings with a 85.5% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, SPXN or VOO?
SPXN yields 0.90% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.