ProShares S&P 500 Ex-Financials ETF (SPXN)
Market Closed
23 Oct, 08:00 PM
ARCA ARCA Primary $
83. 46
-0.33
-0.3986%
$
78.45M Market Cap
0.72% Div Yield
600 Volume
$ 83.8
Previous Close Investors:
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SPXN: Why This Ex-Financials ETF Is Ineffective For Most Investors
ProShares S&P 500® ex-Financials ETF offers exposure to the S&P 500 Index, excluding Financials and Real Estate securities. Its expense ratio is 0.09% and the ETF has $58 million in assets. The strategy might be attractive to those looking to avoid a repeat of the Global Financial Crisis from 2007-2009. However, historical simulations suggest potential benefits would be negligible. The reason is because Financials and Real Estate comprise only about 17% of the S&P 500 Index today. Even with 20% underperformance, that equals just 3.4% in excess returns.
Seekingalpha | 1 year ago
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