SPXNvsSPYETF Comparison
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ProShares S&P 500 Ex-Financials ETF (SPXN) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. SPXN's top 3 sector exposures are Technology, Healthcare and Consumer Non-Cyclicals. In contrast, SPY's top sector exposures are Technology, Finance and Healthcare. SPXN is more expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.0945% for SPY. SPXN is up 15.14% year-to-date (YTD) with -$742K in YTD flows. SPY performs worse with 13.74% YTD performance, and +$10.58B in YTD flows. Run a side-by-side ETF comparison of SPXN and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPXN vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXN SPY | +0.02%+0.70% | +6.77%+5.78% | +15.14%+13.74% | +13.60%+13.25% | +93.80%+91.99% | +85.04%+79.18% |
| Flows | SPXN SPY | --$5.21B | -$12K-$5.98B | -$742K+$10.58B | +$1M+$32.38B | -$1M+$70.54B | +$33M+$79.25B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXN SPY | +11.78%+10.67% | +13.79%+12.70% | +15.69%+14.89% | +17.53%+16.97% |
| Max drawdown | SPXN SPY | -3.35%-3.03% | -9.16%-8.89% | -19.44%-18.74% | -24.54%-24.50% |
| Max drawdown duration | SPXN SPY | 23d53d | 75d76d | 126d126d | 708d708d |
Trading data
SPXN | SPY | |
Last sale 10/29/2026 at 2:00 PM | $84.41 | $760.30 |
| Previous close 10/29/2026 | $84.96 | $769.36 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SPXN | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 2:00 PM
Live
Closed
SPXN | SPY | |
|---|---|---|
| Last price | $84.41 | $760.30 |
| 1D performance | -0.64% | -1.18% |
| AuM | $79.42 M | $813.59 B |
| E/R | 0.13% | 0.0945% |
Characteristics
SPXN | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | ProShares | State Street Investment Management |
| Benchmark | S&P 500 Ex-Financials Index | S&P 500 Index |
| N° of holdings | 389 | 496 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2015 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
SPXN
USA
34.15%
Other
65.85%
SPY
USA
96.4%
Other
3.6%
Sectors
SPXN
Municipal
12.48%
Finance
9.86%
Consumer Non-Cycl.
9.07%
Other
68.59%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
SPXN
Total weight of top 15 holdings out of 15
51.18%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of September 30, 2026
SPXN
US677632N648
9.43%
Archer Daniels Midland, 3.75% 15sep2047, USD
8.50%
US60635H2D09
6.41%
American National Group (IA), 5.75% 1oct2029, USD
4.25%
Ambipar Lux, 10.875% 5feb2033, USD
3.48%
US3128M72V78
2.97%
Buckeye Tobacco Settlement Financing Authority, 0% 1jun2057, USD (2020B-3)
2.89%
Ambipar, 9.875% 6feb2031, USD
2.79%
US60636AWS85
2.12%
Triborough Bridge and Tunnel Authority, 0% 15nov2031, USD (2013A, 6864D)
1.85%
Sumisho Air Lease Corp, 3.625% 1dec2027, USD
1.78%
US5444952C72
1.64%
US48936FAG90
1.13%
US463612KA89
1.10%
US956553L337
0.83%
SPY
NVIDIA Corp.
8.07%
Apple, Inc.
7.03%
Microsoft Corp.
5.69%
Amazon.com, Inc.
3.84%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.65%
Alphabet, Inc.
2.39%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.56%
JPMorgan Chase & Co.
1.44%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.38%
Advanced Micro Devices, Inc.
1.16%
Johnson & Johnson
0.97%
Frequently asked questions about SPXN and SPY
How have the SPXN and SPY ETFs performed in 2026?
As of October 29, 2026, SPXN is up 15.14% year-to-date (YTD), while SPY has returned 13.74%. That puts SPXN better performer ahead so far this year.
Which ETF is attracting more investor money: SPXN or SPY?
Year-to-date, the SPXN ETF saw -$742K in flows, compared to +$10.58B for SPY.
Which ETF is more volatile: SPXN or SPY?
Over the past year, SPXN had a volatility of 13.79%, while SPY experienced 12.7%.
Which ETF is bigger: SPXN or SPY?
As of October 29, 2026, SPXN holds $79.42 M in assets under management (AUM), while SPY manages $813.59 B.
What sectors do the SPXN and SPY ETFs invest in?
SPXN leans toward sectors like Municipal, Finance and Consumer Non-Cyclicals. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the SPXN ETF and SPY ETF?
SPXN top holdings include US677632N648, Archer Daniels Midland, 3.75% 15sep2047, USD and US60635H2D09. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SPXN or SPY?
SPXN holds 392 securities with 51.18% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
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Latest news about SPXN & SPY
The Weekly ETF Market Monitor (October 19-23, 2026)
October 26, 2026
SPY
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
SPY
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
SPY
The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
SPY
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The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
There’s an ETF for That? Box Spreads
August 27, 2026
SPY
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