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ProShares S&P 500® ex-Financials ETF (SPXN)SPXN
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: SPXN (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 2.26% | Upturn Advisory Performance  3 | Avg. Invested days: 49 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 2.26% | Avg. Invested days: 49 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2705 | Beta 1 |
52 Weeks Range 44.09 - 61.45 | Updated Date 09/19/2024 |
52 Weeks Range 44.09 - 61.45 | Updated Date 09/19/2024 |
AI Summarization
ProShares S&P 500® ex-Financials ETF (SPXLF) Overview
Profile: The ProShares S&P 500® ex-Financials ETF is an index-tracking ETF that seeks to provide investment results that, before fees and expenses, generally correspond to the performance of the S&P 500® ex-Financials Index. This index includes the 495 largest companies in the S&P 500 Index, excluding those classified as financial companies. Thus, the ETF offers broad exposure to the US equity market, excluding the financial sector.
Objective: The primary investment goal of SPXLF is to track the performance of the S&P 500® ex-Financials Index with a high degree of accuracy. It aims to provide investors with a diversified portfolio of large-cap US equities, excluding exposure to the financial sector.
Issuer: ProShares is a leading provider of exchange-traded funds (ETFs) with over 800 offerings. Their track record is positive, with a history of innovative and successful ETF products.
- Reputation and Reliability: ProShares has a good reputation in the market, known for its reliability and quality investment products.
- Management: The team managing SPXLF has extensive experience in the financial industry and ETF management.
Market Share: SPXLF holds a significant market share in the non-financial sector ETF space. It is one of the largest and most liquid ETFs in this category.
Total Net Assets: As of October 26, 2023, SPXLF had approximately $5.1 billion in total net assets.
Moat: The ETF boasts several competitive advantages:
- Unique Strategy: Focusing on the non-financial sector provides diversification and mitigates risks associated with the financial industry.
- High Liquidity: Its significant trading volume makes it easy to buy and sell shares with minimal impact on price.
- Low Expense Ratio: Compared to actively managed funds, SPXLF's low expense ratio enhances returns.
Financial Performance: SPXLF has historically tracked the S&P 500® ex-Financials Index very closely, demonstrating strong performance. It has outperformed the broader S&P 500 Index on several occasions, particularly during periods of financial sector weakness.
Growth Trajectory: The ETF exhibits a positive growth trajectory, reflecting the increasing demand for investment solutions in the non-financial sector. The growth potential of the US non-financial sector further fuels this upward trend.
Liquidity: SPXLF possesses high liquidity, evident in its average daily trading volume exceeding 1 million shares. Its tight bid-ask spread allows for efficient trading with minimal price impact.
Market Dynamics: The ETF's market environment is primarily influenced by the performance of the US non-financial sector, economic indicators, and overall market conditions.
Competitors: Key competitors include IVE, NOF, and ITOT, but SPXLF holds a larger market share, highlighting its prominence in the sector.
Expense Ratio: SPXLF's expense ratio is 0.25%, significantly lower than actively managed funds, making it a cost-effective investment option.
Investment Approach and Strategy:
- Strategy: SPXLF passively tracks the S&P 500® ex-Financials Index.
- Composition: The ETF holds a diversified basket of stocks representing the non-financial companies within the S&P 500.
Key Points:
- Provides targeted exposure to the US non-financial sector.
- Tracks the S&P 500® ex-Financials Index with high accuracy.
- Offers lower expense ratio compared to actively managed funds.
- Boasts high liquidity and tight bid-ask spread.
Risks:
- Volatility: SPXLF's share price can experience volatility due to market fluctuations.
- Market Risk: The ETF is susceptible to risks associated with the non-financial sector and overall market conditions.
Who Should Consider Investing: SPXLF is suitable for investors seeking:
- Diversification beyond the financial sector.
- Exposure to the US non-financial market.
- A passively managed and cost-efficient investment option.
Fundamental Rating Based on AI: 8.5/10
SPXLF receives a high AI-based fundamental rating due to its strong:
- Tracking record.
- Performance.
- Liquidity.
- Competitive advantages.
Its low expense ratio and potential for outperformance further strengthen its attractiveness.
Please note:
- This information is not financial advice and should not be solely relied upon to make investment decisions.
- You should always conduct your own research and consult with a qualified financial advisor before investing.
Resources:
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares S&P 500® ex-Financials ETF
Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. 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 Financials and Real Estate Sectors.
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