ProShares S&P 500 Ex-Energy ETF (SPXE) is a US large-cap blend ETF. As of October 9, 2026, ETF Copilot scores SPXE 7.0 out of 10 — highest on Quality (8.9), lowest on Value (3.3). It trades at 25.1 times earnings, against its own median of 23.7. Its ten largest holdings are 41% of the fund.
What stands out in SPXE's data
S&P 500 without energy — a broad-market substitute that skips the oil-and-gas sector.
Trades at a richer price than the broad market — you pay more for each dollar of earnings.
Its trailing EBITDA multiple of 20.4x sits above the category median of 19.2x and its own five-year median of 17.0x. Return on invested capital of 27.5% runs well above average.
A broad-market core for portfolios that want to avoid direct energy exposure.
Why did SPXE move this week? It rose 1.1% in the week to October 9, 2026 — Microsoft and Amazon.com drove it
SPXE rose 1.1% in the week to October 9, 2026. The holdings that moved it most were Microsoft (+3.4%), Amazon.com (+4.3%) and Alphabet (+2.4%); Nvidia (−2.0%) pushed the other way.
How is SPXE rated? ETF Copilot scores ProShares S&P 500 Ex-Energy ETF (SPXE) 7.0 out of 10
As of October 9, 2026, ETF Copilot scores ProShares S&P 500 Ex-Energy ETF (SPXE) 7.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.0 / 10
- Growth: 8.0 / 10
- Value: 3.3 / 10
- Risk: 6.0 / 10
- Quality: 8.9 / 10
- Return: 8.1 / 10
Is SPXE expensive right now? It trades at 25.1 times earnings, against its own median of 23.7
As of October 9, 2026, SPXE is more expensive than 62% of its own 115 monthly readings since 2017 — 71 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside SPXE? 48% Tech
What's inside SPXE: Size (Large 95%, Mid 5%, Small 0%); Geography (International 3%, US 97%); Tech 47.6%; Magnificent 7 36.2%; AI 25.8%; Semiconductors 19.5%; Memory 16.3%.
What are SPXE's top holdings? The ten largest are 41% of the fund
Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Broadcom, Facebook, Micron Technology and Tesla are SPXE's largest holdings, in that order.
More concentrated than 59% of US Large Cap Blend ETFs.
Half of SPXE's weight sits in its 18 largest positions, and once those weights are taken into account it behaves like 40 equally weighted holdings.
What is SPXE's expense ratio? 0.09% a year
As of October 9, 2026, SPXE charges 0.09% a year, yields 0.90% and holds $88M in assets across 482 positions.
| Measure | SPXE |
|---|---|
| Expense ratio | 0.09% |
| Dividend yield | 0.90% |
| Assets under management | $88M |
| Holdings | 482 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “ProShares S&P 500 Ex-Energy ETF (SPXE) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/spxe
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