SPXT
ProShares S&P 500® ex-Technology ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
QQXT, SPXT both have retail tho
If ex-Magnificent Seven is what you want, there is exactly such a fund for it, XMAG. If you want to exclude some other set of stocks, there's a few ways. You could look for funds which don't include it like value funds VTV or fundamental-weighted funds FNDX or ex-GICS-tech SPXT. Simple but not very targeted. You could stub out the stocks by buying the broad market and shorting the particular stocks or an ETF of those stocks which you don't want, and top off your beta with some leverage back into the broad market. Kind of a lot of work. You can look for a direct indexing service and craft your own portfolio of stocks without those stocks. You could just buy your own portfolio of stocks.
Go ahead and buy more etfs now. Lump sum investing is mathematically better than DCA. For increased diversification but more VXUS 5% is not much. Consider VTI which includes mid- and small- cap stocks. Look into SPXT which excludes tech from the sp500 since you are already heavily concentrated in that area.
SPXT's main holdings are Amazon, Meta, and Alphabet 🥴
Even then, you are about 5% away from the most unnecessary bear market headlines in history. Even using SPX equal weight puts you not far away. SPXT (eliminating tech) does show that semis are too weighted for the S&P now though.
>Related question: Is there an ETF that tracks S&P or Nasdaq but exclude chip stocks? Like variations of $SPXT? Because I think that's a good way to play this long term. Long one ETF and buy puts on the other, to achieve the exact combination you're looking for.
Right now, I might consider SPXT, which is an ETF tracking SP-500 minus the tech sector. Big-tech was very vocally pro-democratic, it's not going to be easy for them in next 3-4 years. If they do indeed dip, you can selectively buy Big-tech separately, effectively going back to VOO.
splg is 1bps cheaper, this is irrelevant. splg has a larger tracking error (.017 vs .009) over 10y this results in splg underperorming VOO / SPXT by 4.17%. idk why you would think thats better, but its not.
https://totalrealreturns.com/s/SPXT,SPY S&P 500 with tech only slightly outperformed vs without tech. Can't find an ETF which exclusively excludes Mag7, but SPXT is a good proxy.
Without knowing which company you work for, you could look into the holdings of SPXT. Problem might be that Meta, Amazon, and Alphabet are not technically considered "tech". Better strategy might be to just hold VTI but also sure you have a healthy dose of Ex-US exposure (both developed and emerging markets) with something like VXUS. It will give you better sector diversification because Ex-US stocks are more heavy in industrials and financial sectors. Like you said, your human capital is already heavily invested in the U.S. market. You could also consider a heavy tilt toward small cap value stocks (AVUV, AVDV, AVEE). Also, you might want to make sure you have a bigger emergency fund than most people do (maybe 12 months worth of expenses rather than 6).
>As compared to something like the S&P or QQQ, where only the cream of the crop reign (those that can adapt to AI successfully), is VTI/VTSAX VTI and SPXT have an r\^2 of 98.3. I'm pretty sure it will be fine
Switch to SPXT? Might be worth DCA down.
Was looking at SPXT yesterday, SP500 without the tech, it says. Top 3 holdings: Amazon, Facebook, Google 🤷
SPXT, but the returns are eh
What about something like SPXT that tracks to S&P 500, but no tech?
You have heard of scalping... You have heard of swinging... Now experience *shit-flinging*. Introducing SPX and NDX 10-minute contracts SPXT and NDXT. Queue opens 3:45 every day, gate closes at 3:50.
None of the semiconductor Japanese stocks are trading at depressed valuations at least, and those are the best Japanese stock performers where all the growth is. Tokyo Electron has lower margins than the US chip equipment companies but currently trades at 36 PE ratio. Disco 62 PE, Advantest 41 PE, Lasertec 80 PE. So every semiconductor stock in Japan is trading at higher levels than normal. Maybe optimism, with the broader global semi rally from AI and with TSMC recently opening their Japanese plant. Japanese companies own 14% of that. I do see the angle though, with TSMC opening their plant in Japan last week, that will boost the semi industry in Japan. Softbank owns 90% of ARM. If you add all their direct and indirect exposure, Japanese companies have a major role, and importantly, it's easy to invest in Japan unlike Korea. For investible semi companies, US companies are by far #1 destination. Outside that, it's ASML and TSMC which are listed in US, then Japan. The Japanese semi companies have done well compared to Nasdaq 100 and the large semiconductor ETFs over the past 5 years, all in comparable USD of course: Nasdaq 100 +150% Tokyo Electron +433% Advantest +672% Disco +610% Lasertec +254% Renesas +192% SMH 300% SOXX 243% The way I see it, it's been a decade of tech. The countries with the most public tech companies as % of index have done the best. Remove all the tech companies from the SP500, see ticker SPXT and it's only +53% in the past 5 years. Also, SPXT's top holdings are tech companies - GOOGL, AMZN, META which have outperformed in the past 5 years and also BRK.B which is 20% AAPL. Remove them and returns would go to the 40s. People talk about the risks of mag 7 weight of the SP500, well in Netherlands, ASML is over a quarter of the stock market and in Taiwan, TSMC is almost half of their stock market. They are solo lifting their respective markets. Tech stocks are a smaller % of the Japanese stock market, so they aren't able to lift the market.
Just looked at an S&P ETF that excludes tech and it is trading at all time highs lol. SPXT
Not that I disagree with the comments being made by others, but just for reference there are S&P 500 ETFs that exclude individual sectors. For example, here are some from ProShares: SPXT - S&P 500 Ex-Tech SPXV - S&P 500 Ex-Healthcare SPXN - S&P 500 Ex-Financials SPXE - S&P 500 Ex-Energy One problem to be aware of here is that companies like Amazon, Alphabet, and Meta aren't technically classified as tech companies, so they would still be included in SPXT.
>when i look at the aggregate outperformance of say PXF vs SPXT, That's a pretty short timeline. Almost entirely within just the recent US favoring part of the cycle. Zoom out, and you might get a different idea: * https://twitter.com/mebfaber/status/1090662885573853184?lang=en with this reply: https://twitter.com/MorningstarES/status/1091081407504498688. Extended version: https://mebfaber.com/2019/02/06/episode-141-radio-show-34-of-40-countries-have-negative-52-week-momentumbig-tax-bills-for-mutual-fund-investorsand-listener-qa/
the issue, you are using DM-exUSA and counting the number of years of outperformance. when i look at the aggregate outperformance of say PXF vs SPXT, youll see that since inception, SPXT has outperformed by 252.76%. so sure, SPX wont win every year, but its cumulative outperformance is staggering.
it means that you can arbitrage XLK / SPXT still a 50/50 gamble tho
I am shocked no one has mentioned Proshares SPXT - literally SP500 ex Tech. It does own a bit of AMZN, GOOG, TSLA, META as those are not strictly core ‘tech’, but relatively small %s.
>What risk is there to this essentially free 10% annual dividend paid out every month? its not a free dividend, and has lower total return than investing in SPXT.
>SPXT Neat! I hadn't seen that one. HOWEVER, for the OP -- this one includes big tech companies that aren't officially tech companies, like Google, Tesla, Amazon & Meta. I'm guessing that's an issue for you.?
Check out the ETF SPXT, sounds like what you are looking for.
“almost as much money as 100 shares” The September 160 call has 0.9917 delta and trades at $132.35. That’s roughly 1:2 leverage or half as much money as 100 shares. You don’t need a lot of leverage to build a cash-equivalent portfolio for what OP is asking for. At any rate you’d still need leverage in VOO and with several instruments to short buying puts would get complicated. It would be easier to build the portfolio yourself using SPXT and your own selection of technology shares.
A put on META that trades at $290.40 represents $29,040 worth of that instrument. VOO is like 1.7% META. You need about $2M before the put idea makes sense. And even then you will need more depending on how much other instruments cost per share vs. % allocation. You would also need to buy calls on VOO to balance out your total allocation so that after subtracting the value on puts it still equals out to your total account balance. Holding shares short more than a day incurs costs with your broker. I don’t think you want that. Apart from some of these other ETF ideas, I think you’d just want to buy the ex-tech ETF SPXT then manually add in the tech companies you want to support. My broker supports baskets of stocks for this purpose. You would have to revisit every month/week/day to see how the market caps have shifted and rebalance.
Take out this AI tech rally and this "bull market" isn't as impressive. I've been selling my tech holdings and moving into more beaten down sectors. Just look at most solid consumer discretionary and cyclical stocks. At best 5 to 10% YTD, while QQQ is up 30% YTD. I had no idea it existed before today, but the ETF SPXT is supposed to represent the SP500 without tech. It's up 5% YTD.
>I'm baffled by this idea. the S&P 500 crashed 3 years in a row 2000, 2001 and 2002. crashed again 2008. returned less than 1% a year 2000-2012. > >https://imgur.com/a/yZjkS1r > > crashed almost 20% last year. SPXT trades with an annualized volatility of about 16%, your definition of "crash" is so far off-base its laughable. * 2000 - spxt down 9.1% "crash" * 2001 - spxt down 11.89% "crash" * 2002 - spxt down 22.10% "crash" if your average expected vol is 16, you shouldn't be suprised when the market is up or down 15%. you didnt say the spxt "SPIKED" up in: * 96,97,98,99,02,03,05,08,09,11,12,13,15,17,19,20,21 when each years returns was above 9%. i guess it only works on the downside? from 12/31/1999 -> 12/31/2012, SPXT was +27.42% for an annualized return of 1.88%. its almost as if you dont know how math works. >several weeks ago I did a backtest analysis on Portfolio Visualizer, showing a 50/25/25 split of S&P 500/international/bonds beat the overall S&P 500 from 1999-2016. [https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1999&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1\_1=50&asset2=IntlStockMarket&allocation2\_1=25&asset3=TotalBond&allocation3\_1=25](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1999&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=50&asset2=IntlStockMarket&allocation2_1=25&asset3=TotalBond&allocation3_1=25) if you do the analysis to today, you will find the SPX outperforms your allocation, but cool in cherry picking the date range to sound smart. any other "insightful" comments you have?
>What’s the risk of JEPI that it can give such a high return? high dividend yield is not the same as a high return. since inception (5/21/2020) JEPI total return has returned 2.46% less than SPXT. even with the dividend. thats your error right there.
im not sure you know how to read returns, but you need to look at total return, which includes dividends, when you do that: * 1Y: BRK +1.95, SPXT -18.29% => -20.24 * 5Y: BRK +46.17, SPXT 53.42% => -2.75% * 10Y: BRK +235.16 SPXT 218.65 => -16.51% * 15Y: BRK +245.66, SPXT270.11% => +24.45% BRKs performance came all from last year, mostly because Buffett just continued to sit on cash (as he did for the last decade or so). His long term success came long before 2000, and the likelyhood of a high inflation environment continuing for more then 6 months is unlikely, so its realistic to expect BRK to underperform going forward, as they do when the market actually goes up.
since inception (2020 so not a long track record) JEPI under-performs the SPXT. food for thought.
>Buffet indicator is higher today vs. historic created at a time when 100% of corp earners were domestic, and now approx 40% are abroad, equity value : gdp not relevant, hasn't been for some time. ​ >S&P mean reversion is higher today vs. historic i have no idea what this is, but the 200day SMA is above SPXT, so that would be wrong. ​ >Shiller (CAPE) is higher today vs. historic doesn't take into account interest rates, which shiller himself said is a flaw in the model, CAPE has said us equities are overvalued every since since 2008. not exactly reliable > values by almost every available metric names 2 that are outdated by their own creators estimates, and one that doesn't exist. if this is what you call analysis, well good luck with that.
SPXT - ticker for sp500 ex tech. That’s closest I know of. Still down about 20% from ATH. Faang stocks are cheap right now tho. Also could look at an equal weight sp500 etf like RSP where there’s no bloated position in the fangs, mangs
Take a look at [SPXT](https://www.proshares.com/strategies/ex-sector?gclid=Cj0KCQjw1tGUBhDXARIsAIJx01m2nXC_7EdpSSwIgEwl-0NtCYS7pyI9AFmy4NhFaVL4Db115PoTVWIaAlB_EALw_wcB). It might be what you want.
* SPXT is up 123.1% for an annualized 14.34% over the last six years. * SPXT is off 10% from its year end highs. get a grib dude.
SPXT Index<GO> is the total return of the sp500.
Could have just said it's SPXTR. The original guy said SPXT so that's what I was looking at.
Again when I look up SPXT I don't see that. Where are you guys looking to find this index?
Good point on dividends.. He must be looking at some other fund cuz when I looked at SPXT it came up with ex tech fund.
SPXT: ProShares S&P 500 Ex-Technology ETF is up 55.75% over the past 5 years. SPX: S&P 500 is up 75.47% over the past 5 years. BRK.A: Berkshire Hathaway Inc. is up 90.69% over the past 5 years.
What's SPXT, S&P500 is up 75% in 5 years
as of 3/14/2017 BRK +89.92% with an annual return 13.34% SPXT +94.56% with an annual return 14.25% underperformance is 7.64% BRK/B Equity COMP<GO>
Beautiful write up mate, much easier to understand than some pompous economics columnists in the WSJ or news site that's for sure. I've been holding BBUS (ASX Aussie market) since beginning of Feb which is leveraged against $SPXT (S&P 500 TR index)
I just learned that SPXT is the S&P without big tech. Seems like the S&P without big tech was up 70% since 2019. Slightly higher than the 0% OP is mentioning.
$SPXT is the S&P without big tech. It was 70% up since 2019. So yes, OP and Jeff whatshisname are mistaken.
ProShares S&P 500 ex-Technology ETF (SPXT) [https://finance.yahoo.com/quote/SPXT?p=SPXT](https://finance.yahoo.com/quote/SPXT?p=SPXT) this is without the big tech companys that did very well in the past years... of course its behind but you are saying in the post title that the returns would be 0 and that is not true.
You could have invested in SPXT 5 years ago and you would have still doubled your money. I wouldn't really call that "severe underperformance."
youre mistaking that REITs have to return 10% of assets each year. its not a good total return at all. ​ DJ REIT index total returns: * 2015 +2.82 * 2016 +8.88 * 2017 +8.69 * 2018 -4.10% * 2019 +28.74% * 2020 -4.79% * 2021 (so far) +27.37% vs SPXT last 5y: \-66.34% underperformance, 8.12% / year of underperformance. reits suck.
just did a quick search, SPXT is specifically S&P Ex-Tech. I've not researched it, but might be a place to start researching.
I would plan to invest about 25 of the 50k now and watch the market for a few months to slowly invest the other 25k. So 5k now in apple is fine, but be aware apple just went up a little the last two days so it may look bad in the very short term. I think Microsoft is another good stock, as is VOO and SPXT. You should also get some dividend stocks like IRM which has a dividend date of 9/14. Set everything to drip so dividends just get reinvested into more stock.
Quickest way to go homeless or become a mega millionaire: - Get loan on house - Max credit card cash advance - Open a Robinhood Margin account and max it - YOLO on OTM SPXT calls.
Go big or go home. SPXT leaps.
whats a good index for ex blue chips? SPXT?
There's SPXT, an S&P ex tech ETF, that's been around since 2015. The index does not really exclude tech though (it includes Amazon, Facebook, Google, Tesla, and more) it's just slightly underexposed to tech.
im 100% certain SPXT Index COMP<GO> on my bloomberg terminal will produce accurate data.
Yeah lol I forgot and was thinking of the various etf's and such like SPXU, SPXT, etc.
You could go short MGK? There's also QQXT - Nasdaq 100 Ex-Technology Index Fund SPXT - S&P 500 EX-Technology ETF SPMD - S&P 400 Mid Cap ETF MDY - S&P 400 Mid Cap Index Fund
Ok thanks, it makes sense it's European, there's no SPX for me on Robinhood but there's stuff like SPXT V B E etc
sure, but then again, what this tool fails to show you is up to date information where O is off 6.08% from its peak, where that crappy tool shows you. look at bloomberg: {SPXT index O Equity COMP}. i see that infact, no, SPX is up 1.86% through yesterday's close against O starting on the close 12/31/2020 if you want to include up until the last second (2.23pm est) you can add another 12 bps of outperformance of SPY for today's intraday range. so, no. it has not.
* 2016 5Y lookback: O underperforms SPX by 86.36% * 2011 10Y lookback: O underperforms SPX by 76.07% >You can also see how dramatically O was outperforming SPY prior to the pandemic. Keep in mind SPY includes the biggest growth names around. I'm not sure how thats true, when its not. As I indicated in previous posts to get REITS to outperform equities you have to include a brief period of outperformance a long time ago. The markets have changed, and REITS do not outperform <O US Equity SPXT Index COMP GO> is the function on bloomberg if you're interested.
when i look at REIT vs SPXT the beta drops to .4 if you look back to 1990, but sure, over 10ys its .58. so fine. however, an asset's beta to some other asset, is not what risk adjusted returns are. "risk adjusted returns" has a very specific meaning (sharpe ratio) so I'm not sure why you went into some long rant when there is a simple formula involved. beta is a measure to \*something else\*. risk adjusted returns are your returns normalized for your volatility. so an assets risk adjusted returns have no relationship at all to its beta to another asset. this is pretty entry level stuff. no offense.
copying my comment from your deleted standalone post: ​ I googled for "S&P500 ex-Tech" and found SPXT, which, unsurprisingly, tracks the S&P500 without the tech sector. you could also just weight away from all the big players. VXF is supposed to match the whole market except the S&P500. i'd generally suggest you just look for the broadest thing that omits whatever it is you want to omit, instead of trying to pick specific sectors. there's a list of all of the SPDR sector ETFs: [https://www.sectorspdr.com/sectorspdr/sectors](https://www.sectorspdr.com/sectorspdr/sectors) you could just buy a bit of all of them except for tech, in whatever weighting you like. sounds like a pain to me.
I googled for "S&P500 ex-Tech" and found SPXT, which, unsurprisingly, tracks the S&P500 without the tech sector. you could also just weight away from all the big players. VXF is supposed to match the whole market except the S&P500. i'd generally suggest you just look for the broadest thing that omits whatever it is you want to omit, instead of trying to pick specific sectors. there's a list of all of the SPDR sector ETFs: [https://www.sectorspdr.com/sectorspdr/sectors](https://www.sectorspdr.com/sectorspdr/sectors) you could just buy a bit of all of them except for tech, in whatever weighting you like. sounds like a pain to me.
you do get there is a difference between an index, and an index total return (where divys are re-invested) right ? feels like you dont. for example the sp500 total return (SPXT Index) started in 88, but obviously the sp500 has been along significantly longer.
How about SPXT, it is S&P500 excluding the tech sector.
> SPXT unfortunately, the top-6 holdings are: - Apple - Facebook - Amazon - Tesla - Google - Google again I'm tryna go full luddite over here.
Try SPXT, S&P 500 EX-TECHNOLOGY ETF.
Our portfolio has been 100% S&P 500 (we don’t need it for many years) but we recently switched to SPXT (which is the SP500 without tech stocks), some emerging markets, and value etfs. I agree with you that the overall market is not in a bubble. But having lived through the dot-com crash, I cannot look at ARK tech funds right now without feeling like I’m in early 2000. It’s going to be very painful very soon for that particular sector, but could be a week or could be a year.