- ISIN
- US35473P4054
- Issuer
- Franklin Templeton
- Inception Date
- Jun 1, 2016
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Morningstar US Target Market Exposure Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $2B
Share Price Chart
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Performance
USPX Performance Chart
Franklin U.S. Equity Index ETF (USPX) is up 8.7% since the beginning of the year. USPX is currently trading at $65 per share. Investors who bought $1,000 worth of USPX shares 5 years ago would now be looking at an investment worth $1,751.
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Returns By Period
Franklin U.S. Equity Index ETF (USPX) has returned 8.72% so far this year and 23.74% over the past 12 months. Over the last ten years, USPX has returned 12.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Franklin U.S. Equity Index ETF
- 1D
- 0.46%
- 1M
- 0.04%
- YTD
- 8.72%
- 6M
- 8.94%
- 1Y
- 23.74%
- 3Y*
- 20.90%
- 5Y*
- 11.85%
- 10Y*
- 12.78%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
USPX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2016, USPX's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +10.8%, while the worst month was Mar 2020 at -12.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, USPX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32% | -1.78% | -4.14% | 10.50% | 5.25% | -2.00% | 8.72% | ||||||
| 2025 | 2.85% | -1.19% | -5.91% | -0.70% | 6.37% | 5.37% | 2.33% | 1.79% | 3.75% | 2.44% | 0.04% | -0.07% | 17.78% |
| 2024 | 1.87% | 5.19% | 3.11% | -4.36% | 5.00% | 3.76% | 1.19% | 2.43% | 2.10% | -0.81% | 6.18% | -2.61% | 24.97% |
| 2023 | 6.45% | -2.10% | 3.32% | 1.33% | 0.82% | 6.81% | 3.13% | -1.50% | -4.79% | -2.28% | 9.54% | 4.48% | 27.07% |
| 2022 | -4.10% | -2.47% | 2.05% | -5.77% | 0.75% | -8.01% | 4.56% | -4.08% | -9.36% | 7.87% | 5.24% | -5.69% | -18.88% |
| 2021 | -0.30% | 1.23% | 4.17% | 2.89% | 2.39% | 1.23% | 1.80% | 1.72% | -5.17% | 3.96% | -1.01% | 5.51% | 19.53% |
Benchmark Metrics
Franklin U.S. Equity Index ETF has an annualized alpha of 1.76%, beta of 0.80, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since June 03, 2016.
- This ETF participated in 91.75% of S&P 500 Index downside but only 89.85% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.76%
- Beta
- 0.80
- R²
- 0.82
- Upside Capture
- 89.85%
- Downside Capture
- 91.75%
Expense Ratio
USPX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
USPX ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin U.S. Equity Index ETF (USPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.53 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.56 | 11.37 | +0.19 |
Dividends
Dividend History
Franklin U.S. Equity Index ETF provided a 1.05% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.64 | $0.63 | $0.56 | $0.73 | $1.00 | $0.90 | $1.03 | $0.80 | $0.79 | $1.24 |
Dividend yield | 1.05% | 1.07% | 1.23% | 1.35% | 2.21% | 2.40% | 2.51% | 3.07% | 2.91% | 2.60% | 4.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin U.S. Equity Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.64 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.63 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.20 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.18 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin U.S. Equity Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin U.S. Equity Index ETF was 31.21%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Franklin U.S. Equity Index ETF drawdown is 2.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.21%Mar 2020 | 2mo 2d | 5mo 13d | 7mo 15dJan 2020 - Sep 2020 |
Bear market2022 | -24.60%Oct 2022 | 9mo 18d | 1y 1mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -19.21%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -16.44%Dec 2018 | 10mo 28d | 5mo 28d | 1y 4moJan 2018 - Jun 2019 |
2026 pullback2026 | -9.15%Mar 2026 | 2mo 1d | 16d | 2mo 17dJan 2026 - Apr 2026 |
Drawdown Indicators
| USPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -56.78% | +25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -9.10% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -18.90% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -25.43% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -33.92% | +2.71% |
Current DrawdownCurrent decline from peak | -2.47% | -2.34% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -10.72% | +6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.02% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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