SPXE vs VTI
ProShares S&P 500 Ex-Energy ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPXE or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VTI over 1Y. The two have moved almost in lockstep, correlation 0.98. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 40.4%.
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
| Metric | SPXE | VTI |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $88M | $689.2B |
| Dividend Yield | 0.91% | 1.06% |
| Holdings | 483 | 3,524 |
| YTD Return | +12.42% | +13.02%Best |
| 1Y Return | +16.03% | +16.63%Best |
| 3Y Return (annualized) | +22.34%Best | +21.97% |
| 5Y Return (annualized) | +12.75%Best | +11.99% |
| Volatility (annualized) | 15.2%Best | 15.5% |
| Max Drawdown | -32.3%Best | -35.0% |
| $10,000 over 5 years | $18,221Best | $17,616 |
| Top 10 Weight | 40.4% | 33.5%Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 22, 2015 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Oct 14, 2026 (11.1 years).
SPXE vs VTI 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 11.1 years both funds cover.
SPXE vs VTI Performance
ProShares S&P 500 Ex-Energy ETF (SPXE) is an ETF from ProShares and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPXE returned +16.03% while VTI returned +16.63%. Year to date, SPXE is up 12.42% versus a gain of 13.02% for VTI.
Over three years, SPXE compounded at +22.34% per year against +21.97% for VTI; over five years the annualized figures are +12.75% and +11.99% respectively. Across the full 11-year window we track, SPXE has the edge at +14.39% annualized vs +13.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.2% for SPXE. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXE charges 0.09% per year while VTI charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, SPXE currently yields 0.91% against 1.06% for VTI.
Holdings Overlap
98.7% of SPXE's money is in holdings VTI also owns. 84.9% of VTI's money is in holdings SPXE also owns.
Most of SPXE is already inside VTI. Owning both mostly buys the same companies twice.
470 positions in common, counted across the 482 positions we hold weights for in SPXE and 3,441 in VTI, against full books of 483 and 3,524.
What only one of them owns
Our book lists 691 positions for VTI that do not appear in our book for SPXE (13.0% of the fund), and 5 for SPXE that do not appear in VTI (0.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPXE | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.79% | 6.88% | 1.91% |
| AAPLApple, Inc | 7.56% | 6.30% | 1.26% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.97% | 5.11% | 0.86% |
| AMZNAmazon.Com Inc | 3.83% | 3.41% | 0.42% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.13% | 2.70% | 0.43% |
| AVGOBroadcom Inc | 2.62% | 2.38% | 0.24% |
| GOOGAlphabet Inc Class C | 2.51% | 2.12% | 0.39% |
| METAMeta Platform Inc | 2.49% | 1.70% | 0.79% |
| MUMicron Technology, Inc. | 1.88% | 1.46% | 0.42% |
| TSLATesla Motors Inc | 1.62% | 1.40% | 0.22% |
98.7% of SPXE is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPXE or VTI?
SPXE has an expense ratio of 0.09% while VTI charges 0.03%. VTI is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPXE or VTI?
Over the past year SPXE returned +16.03% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (11 years), SPXE annualized +14.39% vs +13.53% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXE or VTI?
VTI has been the more volatile fund at 15.5% annualized versus 15.2% for SPXE. Worst drawdown: SPXE -32.3% vs VTI -35.0%.
Should I hold both SPXE and VTI?
SPXE and VTI have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPXE and VTI?
98.7% of SPXE's money is in holdings VTI also owns. 84.9% of VTI's is in holdings SPXE also owns. They hold 470 positions in common, counted across the 482 positions we hold weights for in SPXE and 3,441 in VTI.
Which pays a higher dividend, SPXE or VTI?
SPXE yields 0.91% while VTI yields 1.06%, so VTI currently pays the higher dividend yield.
Is VTI better than SPXE?
VTI has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VTI over 1Y. The two have moved almost in lockstep, correlation 0.98. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 40.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.