SPXN vs VTI
ProShares S&P 500 Ex-Financials ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPXN or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. SPXN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 44.9%.
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 | SPXN | VTI |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $81M | $689.2B |
| Dividend Yield | 0.86% | 1.06% |
| Holdings | 397 | 3,524 |
| YTD Return | +15.65%Best | +13.02% |
| 1Y Return | +19.73%Best | +16.63% |
| 3Y Return (annualized) | +22.80%Best | +21.97% |
| 5Y Return (annualized) | +14.03%Best | +11.99% |
| Volatility (annualized) | 15.5%Tie | 15.5%Tie |
| Max Drawdown | -32.1%Best | -35.0% |
| $10,000 over 5 years | $19,279Best | $17,616 |
| Top 10 Weight | 44.9% | 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).
SPXN 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.
SPXN vs VTI Performance
ProShares S&P 500 Ex-Financials ETF (SPXN) is an ETF from ProShares and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPXN returned +19.73% while VTI returned +16.63%. Year to date, SPXN is up 15.65% versus a gain of 13.02% for VTI.
Over three years, SPXN compounded at +22.80% per year against +21.97% for VTI; over five years the annualized figures are +14.03% and +11.99% respectively. Across the full 11-year window we track, SPXN has the edge at +14.72% annualized vs +13.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN and VTI have been equally volatile, both at 15.5% annualized.
The deepest peak-to-trough decline in our data was -32.1% for SPXN 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXN 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, SPXN currently yields 0.86% against 1.06% for VTI.
Holdings Overlap
98.6% of SPXN's money is in holdings VTI also owns. 75.6% of VTI's money is in holdings SPXN also owns.
Most of SPXN is already inside VTI. Owning both mostly buys the same companies twice.
386 positions in common, counted across the 397 positions we hold weights for in SPXN and 3,441 in VTI, against full books of 397 and 3,524.
What only one of them owns
Our book lists 774 positions for VTI that do not appear in our book for SPXN (22.3% of the fund), and 4 for SPXN 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 SPXN | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.76% | 6.88% | 2.88% |
| AAPLApple, Inc | 8.40% | 6.30% | 2.10% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.63% | 5.11% | 1.52% |
| AMZNAmazon.Com Inc | 4.26% | 3.41% | 0.85% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.48% | 2.70% | 0.78% |
| AVGOBroadcom Inc | 2.91% | 2.38% | 0.53% |
| GOOGAlphabet Inc Class C | 2.79% | 2.12% | 0.67% |
| METAMeta Platform Inc | 2.77% | 1.70% | 1.07% |
| MUMicron Technology, Inc. | 2.09% | 1.46% | 0.63% |
| TSLATesla Motors Inc | 1.80% | 1.40% | 0.40% |
98.6% of SPXN 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, SPXN or VTI?
SPXN 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, SPXN or VTI?
Over the past year SPXN returned +19.73% vs +16.63% for VTI, so SPXN leads on 1-year performance. Over the longest common window we track (11 years), SPXN annualized +14.72% vs +13.53% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXN or VTI?
SPXN and VTI have been equally volatile, both at 15.5% annualized. Worst drawdown: SPXN -32.1% vs VTI -35.0%.
Should I hold both SPXN and VTI?
SPXN and VTI have a monthly-return correlation of 0.95, 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 SPXN and VTI?
98.6% of SPXN's money is in holdings VTI also owns. 75.6% of VTI's is in holdings SPXN also owns. They hold 386 positions in common, counted across the 397 positions we hold weights for in SPXN and 3,441 in VTI.
Which pays a higher dividend, SPXN or VTI?
SPXN yields 0.86% while VTI yields 1.06%, so VTI currently pays the higher dividend yield.
Is VTI better than SPXN?
VTI has a lower expense ratio. SPXN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.