SPXN vs CEV

Comparison between PROSHARES S&P 500 EX-FINANCIALS ETF (SPXN, ETF) and Eaton Vance California Municipal Income Trust (CEV, ETF).

5-Year PerformanceSPXN has outperformed CEV, delivering a return of +12.8% compared to -1.0%

SPXN vs CEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPXN(ETF)	CEV(ETF)
Net Assets	$77M	$78M
Expense Ratio	0.09%	N/A
Max Drawdown	32.10%	61.83%
Sharpe Ratio	1.16	0.94
5Y Beta	1.01	0.12
P/E Ratio	31.10	N/A
Forward P/E	22.21	N/A
5Y Dividends CAGR	10.15%	1.20%
5Y EPS CAGR	28.11%	N/A
Debt to Equity	26.50%	N/A
P/S Ratio	3.72	N/A
P/B Ratio	7.06	N/A

Net Assets

SPXN

$77M

Winner

CEV

$78M

Expense Ratio

SPXN

0.09%

CEV

N/A

Max Drawdown

Winner

SPXN

32.10%

CEV

61.83%

Sharpe Ratio

Winner

SPXN

1.16

CEV

0.94

5Y Beta

SPXN

1.01

Winner

CEV

0.12

P/E Ratio

SPXN

31.10

CEV

N/A

Forward P/E

SPXN

22.21

CEV

N/A

5Y Dividends CAGR

Winner

SPXN

10.15%

CEV

1.20%

5Y EPS CAGR

SPXN

28.11%

CEV

N/A

Debt to Equity

SPXN

26.50%

CEV

N/A

P/S Ratio

SPXN

3.72

CEV

N/A

P/B Ratio

SPXN

7.06

CEV

N/A

SPXN vs CEV - Historical Returns

Returns include dividend reinvestment.

Period	SPXN	CEV
1 month	-0.07%	-0.79%
3 months	+3.89%	+0.71%
6 months	+7.72%	+3.93%
1 year	+19.70%	+14.17%
5 years(CAGR)	+12.84%	-1.03%
10 years(CAGR)	+15.14%	+1.42%
Max(CAGR)	+15.49%	+5.07%

Winner

SPXN

-0.07%

CEV

-0.79%

Winner

SPXN

+3.89%

CEV

+0.71%

Winner

SPXN

+7.72%

CEV

+3.93%

Winner

SPXN

+19.70%

CEV

+14.17%

5Y(CAGR)

Winner

SPXN

+12.84%

CEV

-1.03%

10Y(CAGR)

Winner

SPXN

+15.14%

CEV

+1.42%

Max(CAGR)

Winner

SPXN

+15.49%

CEV

+5.07%

SPXN vs CEV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SPXN	CEV
2026	+9.44%	+5.17%
2025	+18.96%	+5.19%
2024	+25.34%	+1.93%
2023	+29.18%	+8.06%
2022	-19.22%	-24.31%
2021	+28.89%	+2.98%
2020	+21.06%	+6.21%
2019	+30.83%	+25.02%
2018	-3.87%	-4.89%
2017	+20.84%	+2.64%
2016	+9.38%	-3.39%
2015	+8.82%	+7.78%
2014	N/A	+22.63%
2013	N/A	-17.98%
2012	N/A	+16.53%
2011	N/A	+23.43%
2010	N/A	+4.71%
2009	N/A	+60.06%
2008	N/A	-39.27%
2007	N/A	-7.13%
2006	N/A	+12.80%
2005	N/A	-2.30%
2004	N/A	+7.28%
2003	N/A	+15.22%
2002	N/A	+5.14%
2001	N/A	+21.58%
2000	N/A	+13.59%
1999	N/A	-7.78%

SPXN vs CEV Drawdown Comparison

The maximum drawdown for SPXN was -32.10%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

The maximum drawdown for CEV was -58.45%, occurring on Dec 16, 2008. Recovery took 764 trading sessions.

The current SPXN drawdown is -4.21%. The current CEV drawdown is -9.25%.

Rank	SPXN	CEV
#1	-32.10% Feb 19, 2020 - Jul 20, 2020	-58.45% May 21, 2007 - Jun 2, 2010
#2	-24.46% Dec 29, 2021 - Dec 8, 2023	-32.99% Nov 12, 2021 - Oct 31, 2022
#3	-19.56% Feb 19, 2025 - Jun 26, 2025	-26.49% Feb 12, 2013 - Jan 29, 2015
#4	-18.59% Sep 26, 2018 - Apr 1, 2019	-25.93% Feb 19, 2020 - Jul 31, 2020
#5	-11.83% Dec 22, 2015 - May 11, 2016	-19.14% Apr 6, 2016 - Aug 2, 2019
#6	-9.77% Sep 2, 2020 - Nov 16, 2020	-18.74% Sep 7, 2010 - Aug 22, 2011
#7	-9.26% Jan 28, 2026 - Apr 14, 2026	-14.62% Nov 9, 1999 - Apr 12, 2000
#8	-9.22% Jul 16, 2024 - Sep 19, 2024	-14.25% Apr 13, 2000 - Aug 21, 2000
#9	-7.06% Apr 30, 2019 - Jun 20, 2019	-13.63% Mar 17, 2004 - Sep 14, 2004
#10	-6.25% Mar 9, 2018 - Jun 4, 2018	-12.41% Jul 2, 2003 - Dec 19, 2003
#11	-5.94% Jul 26, 2019 - Oct 25, 2019	-11.73% Oct 8, 2002 - May 14, 2003
#12	-5.72% Sep 3, 2021 - Oct 26, 2021	-11.55% Feb 14, 2005 - Mar 1, 2006
#13	-5.56% Oct 29, 2025 - Jan 9, 2026	-11.18% May 11, 2006 - Dec 1, 2006
#14	-5.50% Mar 28, 2024 - May 14, 2024	-10.25% Nov 12, 2001 - Feb 6, 2002
#15	-5.33% Feb 12, 2021 - Mar 29, 2021	-9.96% Feb 7, 2001 - Aug 1, 2001

Correlation

Correlation between SPXN and CEV is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (1999 - 2026)

SPXN vs CEV dividend yield comparison.

Year	SPXN	CEV
2026	0.44%	3.42%
2025	0.98%	5.98%
2024	1.12%	5.58%
2023	1.19%	4.14%
2022	1.35%	5.24%
2021	0.94%	4.17%
2020	1.09%	4.00%
2019	1.41%	3.95%
2018	1.76%	4.25%
2017	1.54%	4.01%
2016	2.60%	4.81%
2015	0.52%	5.46%
2014	0.00%	5.75%
2013	0.00%	7.07%
2012	0.00%	5.84%
2011	0.00%	6.78%
2010	0.00%	7.57%
2009	0.00%	6.69%
2008	0.00%	8.81%
2007	0.00%	5.06%
2006	0.00%	4.87%
2005	0.00%	6.29%
2004	0.00%	6.81%
2003	0.00%	6.34%
2002	0.00%	6.71%
2001	0.00%	5.33%
2000	0.00%	5.99%
1999	0.00%	1.16%