ProShares S&P 500 ex-Energy ETF (SPXE) Performance
SPXE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.9% since Dec 31, 2025
- 1 year
- +12.9% total return
- 5 years
- +12.0% a year
- 10 years
- +15.5% a year
- Since first price
- +15.1% a year since 2015
SPXE trailing returns vs SPY, QQQ, AGG
| Period | SPXE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.2% | +6.7% | +7.8% | +8.4% | −1.5% |
| YTD | +10.9% | +10.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.9% | +11.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.1%+23.4%/yr | +82.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +75.9%+12.0%/yr | +65.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +321.6%+15.5%/yr | +268.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 24, 2015 | +375.6%+15.1%/yr | +308.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPXE vs SPY
From Sep 24, 2015: SPXE grew to $47,557, SPY to $47,126.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPXE returns by calendar year
8 of 10 full years positive. Best 2019 (+32.4%), worst 2022 (−20.6%). 2026 is year to date.
SPXE annual returns table
| Year | SPXE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.9% | −10.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.0% | −18.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.7% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +27.7% | −10.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.6% | −26.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.9% | −5.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +20.6% | −32.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.4% | −6.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.5% | −18.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +25.0% | −1.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.1% | −9.0% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPXE largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −32.3% | Mar 23, 2020 | Aug 5, 2020 | 33 days | 6 months |
| Dec 29, 2021 | −26.5% | Oct 12, 2022 | Dec 18, 2023 | 9 months | 2.0 years |
| Feb 19, 2025 | −18.9% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| Oct 3, 2018 | −18.6% | Dec 24, 2018 | Apr 5, 2019 | 3 months | 6 months |
| Dec 4, 2015 | −11.9% | Feb 11, 2016 | Apr 14, 2016 | 2 months | 4 months |
| Jan 12, 2026 | −10.1% | Mar 30, 2026 | Apr 15, 2026 | 3 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPXE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +23.2% | +13.3% | +15.5% | +15.4% |
| Volatility (annualized) | 12.9% | 16.0% | 15.3% | 15.2% |
| Sharpe ratio | 1.36 | 0.64 | 0.87 | 0.89 |
| Sortino ratio | 2.83 | 1.02 | 1.38 | 1.43 |
| Best month | +11.2% | +11.2% | +12.4% | +12.4% |
| Worst month | −5.9% | −9.3% | −10.5% | −10.5% |
| Best 12 months | +39.5% | +39.5% | +55.5% | +55.5% |
| Worst 12 months | +8.3% | −20.6% | −20.6% | −20.6% |
| Positive months | 64% | 58% | 68% | 67% |
| Beta vs S&P 500 | 1.04 | 1.02 | 0.99 | — |
| Correlation with S&P 500 | 1.00 | 1.00 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPXE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 122 | −20.6% | +16.7% | +55.5% | 88% |
| 3-year (a year) | 98 | +6.2% | +13.7% | +26.9% | 100% |
| 5-year (a year) | 74 | +8.9% | +14.7% | +19.5% | 100% |
| 10-year (a year) | 14 | +14.1% | +15.4% | +15.8% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
SPXE performance overview
ProShares S&P 500 ex-Energy ETF (SPXE) returned +12.9% over the past year and +15.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +15.1% a year, turning $10,000 into about $47,557. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.3%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. SPXE finished 8 of its 10 full calendar years with a gain; the best year was 2019 (+32.4%) and the worst 2022 (−20.6%). Volatility has been 15.2% a year.
Related: SPXE chart, SPXE holdings, SPXE dividends, SPXE valuation. See the SPXE overview for the latest quote and fund facts.
SPXE performance FAQ
What is the SPXE return over the past year?
SPXE returned +12.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.8%.
What is the average annual return of SPXE?
SPXE has returned +12.0% a year over 5 years, +15.5% a year over 10 years, +15.1% a year since September 24, 2015 (total return, distributions reinvested).
How much would $10,000 invested in SPXE be worth?
$10,000 invested in SPXE at its first recorded close on September 24, 2015 would be worth about $47,557 on October 23, 2026 with distributions reinvested.
What was the worst year for SPXE?
The worst calendar year was 2022, with a total return of −20.6%. The best was 2019 at +32.4%.
What is the biggest drawdown of SPXE?
The largest peak-to-trough decline was −32.3% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 5, 2020, 4 months after the bottom.
How volatile is SPXE?
Over the past 3 years SPXE had an annualized volatility of 12.9% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).