ProShares S&P 500® ex-Health Care ETF (SPXV)

Overview

The ProShares S&P 500u00ae ex-Health Care ETF (SPXV) provides exposure to the S&P 500 index while excluding health care sector companies. It aims to provide similar performance to the S&P 500 but with reduced exposure to the health care sector. The fund seeks to provide investment results that, before fees and expenses, track the performance of the S&P 500u00ae Ex-Health Care Index.

Reputation and Reliability

ProShares is a well-known ETF provider specializing in leveraged and inverse ETFs. They are generally considered reliable, although their products can be complex.

Management Expertise

ProShares has a team of experienced investment professionals managing its ETFs.

Goal

To track the performance of the S&P 500u00ae Ex-Health Care Index.

Investment Approach and Strategy

Strategy: The fund uses a passive management strategy, attempting to replicate the composition of the S&P 500u00ae Ex-Health Care Index.

Composition The ETF primarily holds stocks of companies in the S&P 500, excluding companies classified in the health care sector.

Market Share: SPXV has a niche market share as it offers a specialized exclusion strategy.

Total Net Assets (AUM): 77000000

Key Competitors

• SPY (SPY)
• IVV (IVV)
• VOO (VOO)
• XLY (XLY)
• XLC (XLC)
• XLF (XLF)

Competitive Landscape

The ETF market is highly competitive, with numerous broad-market and sector-specific funds. SPXV differentiates itself by excluding healthcare companies, offering investors a targeted approach. Competitors like SPY, IVV, and VOO offer broad market exposure but include health care, while sector specific ETFs provide different risk/reward profiles. SPXV offers a niche but specific tilt.

Historical Performance: Historical performance data is readily available from financial data providers; analyze performance over 1yr, 3yr, 5yr, and 10yr periods.

Benchmark Comparison: The benchmark index is the S&P 500u00ae Ex-Health Care Index; performance should be compared against this index.

Expense Ratio: 0.09

Average Trading Volume

SPXV's average trading volume can vary, but it's generally moderate, meaning trades can usually be executed efficiently.

Bid-Ask Spread

The bid-ask spread is typically tight, indicating good liquidity, although it may widen during periods of market volatility.

Market Environment Factors

Economic growth, interest rates, and investor sentiment all affect SPXV's underlying holdings. Furthermore, developments in healthcare policy and sector valuations can indirectly affect SPXV, as it excludes healthcare.

Growth Trajectory

Growth depends on investor demand for S&P 500 exposure excluding healthcare and the overall performance of the non-healthcare sectors.

Competitive Edge

SPXV's competitive advantage lies in its unique exclusion of healthcare stocks, appealing to investors who may have specific concerns or outlooks on the healthcare sector. This allows investors to tailor their S&P 500 exposure, excluding a specific sector based on their own analysis or beliefs. This targeted approach is not offered by standard S&P 500 index funds. SPXV provides a convenient way to customize their S&P 500 allocation.

Volatility

SPXV should exhibit similar volatility to the S&P 500, but potentially lower during periods of healthcare sector underperformance and higher during healthcare sector outperformance.

Market Risk

As an equity ETF, SPXV is subject to market risk, which includes the potential for losses due to broader market downturns.

Ideal Investor Profile

Investors seeking broad market exposure but with specific concerns or viewpoints regarding the healthcare sector. Investors who want to overweight other sectors of the economy.

Market Risk

Suitable for long-term investors seeking a modified S&P 500 exposure and who understand sector-specific impacts on portfolio performance.

The ProShares S&P 500u00ae ex-Health Care ETF (SPXV) provides exposure to the S&P 500 while excluding companies in the healthcare sector. It is designed for investors seeking broad market returns with a specific sector exclusion. The ETF's performance will closely track the S&P 500 index, excluding healthcare. SPXV allows investors to tailor their investment strategy based on their individual outlook on the healthcare sector. Investors should consider their risk tolerance and investment goals before investing.

• SPY
• IVV
• VOO
• RSP
• MTUM
• QUAL

Data Sources:

• ProShares website
• Yahoo Finance
• Morningstar
• Bloomberg

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and risk tolerance.