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Should ProShares S&P 500 Ex-Technology ETF (SPXT) Be on Your Investing Radar?
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Launched on September 22, 2015, the ProShares S&P 500 Ex-Technology ETF (SPXT - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
The fund is sponsored by Proshares. It has amassed assets over $214.90 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Large cap companies typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.24%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Financials sector -- about 20.9% of the portfolio. Consumer Discretionary and Telecom round out the top three.
Looking at individual holdings, Amazon.com Inc (AMZN) accounts for about 5.89% of total assets, followed by Meta Platforms Inc-Class A (META) and Alphabet Inc-Cl A (GOOGL).
The top 10 holdings account for about 26.96% of total assets under management.
Performance and Risk
SPXT seeks to match the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index before fees and expenses. The S&P 500 Ex-Information Technology Index provide exposure to the companies of the S&P 500 with the exception of those companies included in the information technology sector.
The ETF has added roughly 8.88% so far this year and was up about 13.44% in the last one year (as of 09/01/2025). In the past 52-week period, it has traded between $81.62 and $99.47.
The ETF has a beta of 0.91 and standard deviation of 14.44% for the trailing three-year period, making it a medium risk choice in the space. With about 436 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares S&P 500 Ex-Technology ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SPXT is an excellent option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) track a similar index. While iShares Core S&P 500 ETF has $660.96 billion in assets, Vanguard S&P 500 ETF has $725.27 billion. IVV has an expense ratio of 0.03% and VOO charges 0.03%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should ProShares S&P 500 Ex-Technology ETF (SPXT) Be on Your Investing Radar?
Launched on September 22, 2015, the ProShares S&P 500 Ex-Technology ETF (SPXT - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
The fund is sponsored by Proshares. It has amassed assets over $214.90 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Large cap companies typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.24%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Financials sector -- about 20.9% of the portfolio. Consumer Discretionary and Telecom round out the top three.
Looking at individual holdings, Amazon.com Inc (AMZN) accounts for about 5.89% of total assets, followed by Meta Platforms Inc-Class A (META) and Alphabet Inc-Cl A (GOOGL).
The top 10 holdings account for about 26.96% of total assets under management.
Performance and Risk
SPXT seeks to match the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index before fees and expenses. The S&P 500 Ex-Information Technology Index provide exposure to the companies of the S&P 500 with the exception of those companies included in the information technology sector.
The ETF has added roughly 8.88% so far this year and was up about 13.44% in the last one year (as of 09/01/2025). In the past 52-week period, it has traded between $81.62 and $99.47.
The ETF has a beta of 0.91 and standard deviation of 14.44% for the trailing three-year period, making it a medium risk choice in the space. With about 436 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares S&P 500 Ex-Technology ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SPXT is an excellent option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) track a similar index. While iShares Core S&P 500 ETF has $660.96 billion in assets, Vanguard S&P 500 ETF has $725.27 billion. IVV has an expense ratio of 0.03% and VOO charges 0.03%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.