ProShares S&P 500 ex-Financials ETF

SPXN

Market cap $76M

ProShares S&P 500® ex-Financials ETF offers exposure to the S&P 500 Index, excluding Financials and Real Estate securities. Its expense ratio is 0.09% and the ETF has $58 million in assets. The strategy might be attractive to those looking to avoid a repeat of the Global Financial Crisis from 2007-2009. However, historical simulations suggest potential benefits would be negligible. The reason is because Financials and Real Estate comprise only about 17% of the S&P 500 Index today. Even with 20% underperformance, that equals just 3.4% in excess returns.

BETHESDA, Md.--(BUSINESS WIRE)--ProShares announced forward and reverse share splits on eleven of its ETFs.