ACVF vs. USPX

Last updated Jun 24, 2026

ACVF (American Conservative Values ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. ACVF is actively managed, while USPX is passively managed. Over the past 5 years, ACVF returned 11.76%/yr vs 11.89%/yr for USPX. Their correlation of 0.94 suggests significant overlap in exposure. ACVF charges 0.75%/yr vs 0.03%/yr for USPX.

Performance

ACVF vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Conservative Values ETF (ACVF) and Franklin U.S. Equity Index ETF (USPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ACVF having a 8.21% return and USPX slightly lower at 7.94%.

ACVF

• 1D: -1.39%
• 1M: -0.01%
• YTD: 8.21%
• 6M: 7.25%
• 1Y: 16.84%
• 3Y*: 18.14%
• 5Y*: 11.76%
• 10Y*: —

USPX

• 1D: -1.35%
• 1M: -1.23%
• YTD: 7.94%
• 6M: 6.89%
• 1Y: 23.21%
• 3Y*: 20.72%
• 5Y*: 11.89%
• 10Y*: 12.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACVF vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ACVF American Conservative Values ETF	8.21%	13.67%	20.56%	23.81%	-15.74%	28.84%	14.93%
USPX Franklin U.S. Equity Index ETF	7.94%	17.78%	24.97%	27.07%	-18.88%	19.53%	14.65%

Correlation

The correlation between ACVF and USPX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.94

The correlation between ACVF and USPX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

ACVF vs. USPX - Sectors Allocation Comparison

Sectors	ACVF	USPX
Technology	43.0%	37.7%
Financial Services	10.9%	11.6%
Industrials	10.4%	8.0%
Consumer Cyclical	10.2%	9.5%
Healthcare	7.9%	8.8%
Consumer Defensive	5.4%	4.6%
Communication Services	4.0%	10.3%
Energy	3.1%	3.3%
Utilities	1.9%	2.5%
Real Estate	1.6%	1.8%
Basic Materials	1.5%	1.7%

Return for Risk

ACVF vs. USPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACVF

ACVF Risk / Return Rank: 45
ACVF Sharpe Ratio Rank: 42
ACVF Sortino Ratio Rank: 41
ACVF Omega Ratio Rank: 40
ACVF Calmar Ratio Rank: 47
ACVF Martin Ratio Rank: 53

USPX

USPX Risk / Return Rank: 59
USPX Sharpe Ratio Rank: 59
USPX Sortino Ratio Rank: 56
USPX Omega Ratio Rank: 57
USPX Calmar Ratio Rank: 55
USPX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACVF vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Conservative Values ETF (ACVF) and Franklin U.S. Equity Index ETF (USPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ACVF	USPX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.83	-0.43
Sortino ratio: Return per unit of downside risk	1.97	2.51	-0.54
Omega ratio: Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.20	2.55	-0.35
Martin ratio: Return relative to average drawdown	8.61	11.19	-2.57

ACVF vs. USPX - Sharpe Ratio Comparison

The current ACVF Sharpe Ratio is 1.40, which is comparable to the USPX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of ACVF and USPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACVF vs. USPX - Drawdown Comparison

The maximum ACVF drawdown since its inception was -24.39%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for ACVF and USPX.

Drawdown Indicators

	ACVF	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-24.39%	-31.21%	+6.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-9.15%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-19.21%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-24.39%	-24.60%	+0.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.21%	—
Current Drawdown Current decline from peak	-2.67%	-3.17%	+0.50%
Average Drawdown Average peak-to-trough decline	-4.72%	-4.43%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.08%	-0.12%

Volatility

ACVF vs. USPX - Volatility Comparison

American Conservative Values ETF (ACVF) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 4.97% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACVF	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	4.89%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	10.06%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	12.74%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	16.28%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	15.96%	+0.05%

ACVF vs. USPX - Expense Ratio Comparison

ACVF has a 0.75% expense ratio, which is higher than USPX's 0.03% expense ratio.

Dividends

ACVF vs. USPX - Dividend Comparison

ACVF's dividend yield for the trailing twelve months is around 0.55%, less than USPX's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ACVF American Conservative Values ETF	0.55%	0.59%	0.59%	0.82%	0.93%	0.61%	0.23%	0.00%	0.00%	0.00%	0.00%
USPX Franklin U.S. Equity Index ETF	0.83%	1.07%	1.23%	1.35%	2.21%	2.40%	2.51%	3.07%	2.91%	2.60%	4.89%

Frequently Asked Questions

Can I hold both ACVF and USPX in my portfolio?

With a correlation of 0.93, ACVF and USPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ACVF or USPX?

ACVF has higher volatility (4.97%) compared to USPX (4.89%). In terms of maximum drawdown, ACVF dropped -24.39% vs USPX's -31.21%.

Which ETF is better, ACVF or USPX?

On 5-year performance, USPX leads with 11.89% vs 11.76% for ACVF. On fees, USPX is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACVF or USPX?

Over the 5-year period, USPX has performed better with a 11.89% return vs 11.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACVF or USPX?

USPX is cheaper with a 0.03% expense ratio, compared with 0.75% for ACVF.

Which ETF pays a higher dividend yield, ACVF or USPX?

USPX has the higher dividend yield at 0.83%, compared with 0.55% for ACVF.

What is the main difference between ACVF and USPX?

They also come from different issuers: Ridgeline Research LLC and Franklin Templeton. Their fees differ too: 0.75% for ACVF and 0.03% for USPX.

Which has better risk-adjusted returns?

USPX currently has the higher Sharpe Ratio (1.83 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.