ProShares S&P 500 Ex-Financials ETF (SPXN) is a US large-cap blend ETF. As of October 9, 2026, ETF Copilot scores SPXN 7.3 out of 10 — highest on Quality (9.2), lowest on Value (3.2). It trades at 26.8 times earnings, against its own median of 24.5. Its ten largest holdings are 45% of the fund.
What stands out in SPXN's data
S&P 500 without financials — a broad market substitute.
Priced above the typical large-cap blend fund — you pay more for each dollar of earnings.
Its trailing EBITDA multiple of 19.4x sits above the category median of 19.2x, among the priciest 20% of peers.
Functions as a broad-market core for portfolios that prefer to skip the financial sector.
Why did SPXN move this week? It rose 1.0% in the week to October 9, 2026 — Microsoft and Amazon.com drove it
SPXN rose 1.0% 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 SPXN rated? ETF Copilot scores ProShares S&P 500 Ex-Financials ETF (SPXN) 7.3 out of 10
As of October 9, 2026, ETF Copilot scores ProShares S&P 500 Ex-Financials ETF (SPXN) 7.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.3 / 10
- Growth: 8.2 / 10
- Value: 3.2 / 10
- Risk: 6.4 / 10
- Quality: 9.2 / 10
- Return: 8.5 / 10
Is SPXN expensive right now? It trades at 26.8 times earnings, against its own median of 24.5
As of October 9, 2026, SPXN is more expensive than 58% of its own 115 monthly readings since 2017 — 67 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 SPXN? 53% Tech
What's inside SPXN: Size (Large 96%, Mid 4%, Small 0%); Geography (International 2%, US 98%); Tech 52.5%; Magnificent 7 40.2%; AI 28.6%; Semiconductors 21.7%; Memory 18.1%.
What are SPXN's top holdings? The ten largest are 45% of the fund
Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Broadcom, Facebook, Micron Technology and Tesla are SPXN's largest holdings, in that order.
More concentrated than 78% of US Large Cap Blend ETFs.
Half of SPXN's weight sits in its 14 largest positions, and once those weights are taken into account it behaves like 33 equally weighted holdings.
What is SPXN's expense ratio? 0.09% a year
As of October 9, 2026, SPXN charges 0.09% a year, yields 0.84% and holds $81M in assets across 397 positions.
| Measure | SPXN |
|---|---|
| Expense ratio | 0.09% |
| Dividend yield | 0.84% |
| Assets under management | $81M |
| Holdings | 397 |
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-Financials ETF (SPXN) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/spxn
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