Customize an S&P Portfolio.

Ex-Sector: Underweight or Exclude a Sector

ProShares Ex-Sector ETFs allow investors to tailor the S&P 500, making it simple to underweight or even exclude a sector in a portfolio.


Potentially boost performance by avoiding a sector that may underperform.

Diversify and manage risk where large sector exposure already exists.

Customize large-cap allocation with the transparency, liquidity and cost effectiveness of an ETF.

Explore ProShares Ex-Sector ETFs



S&P 500 Ex-Energy ETF

Excludes oil, gas and consumable fuels, and energy equipment and services companies.



S&P 500 Ex-Financials ETF

Excludes banks, diversified financials, such as consumer finance, asset management, investment banking and brokerage companies, insurance companies and REITs.



S&P 500 Ex-Health Care ETF

Excludes pharmaceuticals, biotechnology and life sciences tools and services companies, and health care providers, equipment and services companies.



S&P 500 Ex-Technology ETF

Excludes information technology companies, including software, technology hardware and equipment, and semiconductor companies.

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Six Reasons to Exclude a Sector from your Portfolio

An investment in the S&P 500 that excludes a particular sector gives you the flexibility to tailor your core U.S. equity exposure. It can replace a traditional S&P 500 fund, allowing you to underweight or even eliminate a sector in your portfolio. Learn more about ProShare’s line up of Ex-Sector ETFs

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Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

These funds are exposed to the stocks of large-cap companies, which tend to go through cycles of outperformance or underperformance lasting up to several years relative to other segments of the stock market. As a result, large-cap returns may trail the returns of the overall stock market or other market segments.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The “S&P 500 Ex-Energy Index”, “S&P 500 Ex-Financials & Real Estate Index”, “S&P 500 Ex-Health Care Index”, and “S&P 500 Ex-Information Technology Index” are products of S&P Dow Jones Indices LLC and its affiliates and have been licensed for use by ProShares. “S&P ®” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones ®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on these indexes are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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