 The
S&P 500 Ex-Energy ETF (SPXE) is an exchange-traded fund (ETF) that
seeks to provide investors with exposure to the US equity market, but
excludes companies in the energy sector. The ETF's objective is to
track the performance of the S&P 500 Ex-Energy Index, which is a
widely recognized benchmark for the US equity market, excluding the
energy sector.
SPXE invests in a portfolio of US large-cap
stocks included in the S&P 500 Index, with the goal of providing
investors with exposure to the broad US equity market, while excluding
companies in the energy sector. The ETF's holdings are selected based
on factors such as liquidity, market capitalization, and sector
classification, and are designed to provide investors with exposure to
a diversified portfolio of US large-cap stocks.
As of September
2021, the SPXE ETF has a net asset value (NAV) of approximately $3
billion and holds a portfolio of over 400 US large-cap stocks. The
ETF's expense ratio is 0.09%, which is relatively low compared to
other ETFs.
SPXE has a track record of providing investors with
solid returns. Since its inception in 2015, the fund has provided
investors with an annualized return of around 16% (as of March 23,
2023).
Overall, the S&P 500 Ex-Energy ETF (SPXE) could be a
good investment option for investors looking to invest in the broad US
equity market while excluding the energy sector. However, as with any
investment, it is important to conduct thorough research and consider
factors such as risk tolerance, investment objectives, and fees before
making a decision. Additionally, investors should be aware that
excluding the energy sector may impact the ETF's performance during
periods when the energy sector is outperforming the broader market.
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