SPXE vs VXUS

SPXE vs VXUS

Which is better, SPXE or VXUS?

Each has led over a different period.

VXUS has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VXUS over 1Y.

Lower Fees: VXUSHigher Returns: split

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricSPXEVXUS
Expense Ratio0.09%0.05%Best
AUM$86M$158.1B
Dividend Yield0.94%2.51%
Holdings4838,747
YTD Return+10.53%+12.57%Best
1Y Return+14.73%+19.71%Best
3Y Return (annualized)+21.04%Best+19.25%
5Y Return (annualized)+12.07%Best+8.59%
Volatility (annualized)15.2%14.8%Best
Max Drawdown-32.3%Best-39.9%
$10,000 over 5 years$17,679Best$15,099
Fund FamilyProSharesVanguard (US)
CategoryEquityEquity
StyleLarge Cap BlendLarge Cap Blend
InceptionSep 22, 2015Jan 26, 2011

Not shown on this pair: Top 10 Weight.

Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 15, 2026 (11 years).

SPXE vs VXUS growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11 years both funds cover.

SPXE vs VXUS Performance

ProShares S&P 500 Ex-Energy ETF (SPXE) is an ETF from ProShares and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year SPXE returned +14.73% while VXUS returned +19.71%. Year to date, SPXE is up 10.53% versus a gain of 12.57% for VXUS.

Over three years, SPXE compounded at +21.04% per year against +19.25% for VXUS; over five years the annualized figures are +12.07% and +8.59% respectively. Across the full 11-year window we track, SPXE has the edge at +14.32% annualized vs +7.86%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

SPXE has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.8% for VXUS. 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 -32.3% for SPXE and -39.9% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

SPXE charges 0.09% per year while VXUS charges 0.05%. On a $10,000 position that is $9 vs $5 annually, a gap of $4 per year that compounds over a long holding period. On income, SPXE currently yields 0.94% against 2.51% for VXUS.

Holdings Overlap

SPXE already in VXUS0.2%

At least 0.2% of SPXE's money is in holdings VXUS also owns.

Stated as a floor: for VXUS, our book for it covers 88.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.

We cannot see either book well enough to say how much of this pair is duplicated.

3 positions in common, counted across the 481 positions we hold weights for in SPXE and 8,082 in VXUS, against full books of 483 and 8,747.

Top Shared Holdings

StockWeight in SPXEWeight in VXUSDifference
HBANHuntington Bancshares Inc./Oh0.05%0.05%0.00%
SRESempra Common Stock0.08%0.00%0.08%
KRKroger Co.0.05%0.00%0.05%

You are not choosing between two funds in isolation.

Whichever of SPXE and VXUS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

SPXEVXUS

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Frequently Asked Questions

Which is cheaper, SPXE or VXUS?

SPXE has an expense ratio of 0.09% while VXUS charges 0.05%. VXUS is the cheaper option, by $4 a year on a $10,000 investment.

Which performed better, SPXE or VXUS?

Over the past year SPXE returned +14.73% vs +19.71% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (11 years), SPXE annualized +14.32% vs +7.86% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, SPXE or VXUS?

SPXE has been the more volatile fund at 15.2% annualized versus 14.8% for VXUS. Worst drawdown: SPXE -32.3% vs VXUS -39.9%.

Should I hold both SPXE and VXUS?

SPXE and VXUS have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, SPXE or VXUS?

SPXE yields 0.94% while VXUS yields 2.51%, so VXUS currently pays the higher dividend yield.

Is VXUS better than SPXE?

VXUS has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VXUS over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.