AVLC vs. USPX

Last updated Aug 2, 2026

AVLC (Avantis U.S. Large Cap Equity ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. AVLC is actively managed, while USPX is passively managed. Over the past year, AVLC returned 25.88% vs 20.68% for USPX. Their 0.97 correlation means they have historically moved very closely together. AVLC charges 0.15%/yr vs 0.03%/yr for USPX.

Performance

AVLC vs. USPX - Performance Comparison

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

Returns By Period

In the year-to-date period, AVLC achieves a 13.99% return, which is significantly higher than USPX's 9.67% return.

AVLC

• 1D: 0.46%
• 1M: 0.03%
• 6M: 10.58%
• YTD: 13.99%
• 1Y: 25.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.95%

USPX

• 1D: 0.59%
• 1M: 0.02%
• 6M: 8.24%
• YTD: 9.67%
• 1Y: 20.68%
• 3Y*: 19.24%
• 5Y*: 11.75%
• 10Y*: 12.14%
• ALL TIME*: 12.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVLC Avantis U.S. Large Cap Equity ETF	$6.08M	$5.55M	$6.35M
USPX Franklin U.S. Equity Index ETF	$3.15M	$2.94M	$3.73M

AVLC vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	13.99%	17.57%	22.82%	11.76%
USPX Franklin U.S. Equity Index ETF	9.67%	17.78%	24.97%	12.27%

Correlation

The correlation between AVLC and USPX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.97

The correlation between AVLC and USPX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

AVLC vs. USPX - Sectors Allocation Comparison

Sectors	AVLC	USPX
Technology	33.9%	37.4%
Financial Services	13.7%	12.5%
Industrials	11.7%	7.9%
Consumer Cyclical	10.2%	8.8%
Communication Services	7.8%	9.6%
Healthcare	7.5%	9.4%
Energy	6.2%	3.4%
Consumer Defensive	4.4%	4.7%
Utilities	2.3%	2.6%
Basic Materials	2.2%	1.7%
Real Estate	0.1%	1.8%

Return for Risk

AVLC vs. USPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVLC

AVLC Risk / Return Rank: 80
AVLC Sharpe Ratio Rank: 78
AVLC Sortino Ratio Rank: 76
AVLC Omega Ratio Rank: 75
AVLC Calmar Ratio Rank: 81
AVLC Martin Ratio Rank: 88

USPX

USPX Risk / Return Rank: 61
USPX Sharpe Ratio Rank: 61
USPX Sortino Ratio Rank: 59
USPX Omega Ratio Rank: 59
USPX Calmar Ratio Rank: 58
USPX Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVLC vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) 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.

	AVLC	USPX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.44	+0.34
Sortino ratio: Return per unit of downside risk	2.44	2.01	+0.43
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	2.98	2.04	+0.94
Martin ratio: Return relative to average drawdown	13.00	8.56	+4.44

AVLC vs. USPX - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 1.77, which is comparable to the USPX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of AVLC 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

AVLC vs. USPX - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for AVLC and USPX.

Drawdown Indicators

	AVLC	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-31.21%	+11.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-9.15%	+1.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.21%	—
Current Drawdown Current decline from peak	-1.14%	-1.63%	+0.49%
Average Drawdown Average peak-to-trough decline	-1.94%	-4.40%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.18%	-0.35%

Volatility

AVLC vs. USPX - Volatility Comparison

Avantis U.S. Large Cap Equity ETF (AVLC) has a higher volatility of 3.58% compared to Franklin U.S. Equity Index ETF (USPX) at 3.39%. This indicates that AVLC's price experiences larger fluctuations and is considered to be riskier than USPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLC	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	3.39%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.23%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	13.02%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	16.30%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	15.97%	-0.29%

AVLC vs. USPX - Expense Ratio Comparison

AVLC has a 0.15% expense ratio, which is higher than USPX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVLC vs. USPX - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 0.82%, less than USPX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVLC Avantis U.S. Large Cap Equity ETF	0.82%	0.92%	1.09%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USPX Franklin U.S. Equity Index ETF	1.09%	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 AVLC and USPX in my portfolio?

With a correlation of 0.96, AVLC 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, AVLC or USPX?

AVLC has higher volatility (3.58%) compared to USPX (3.39%). In terms of maximum drawdown, AVLC dropped -19.64% vs USPX's -31.21%.

Which ETF is better, AVLC or USPX?

On 1-year performance, AVLC leads with 25.88% vs 20.68% for USPX. On fees, USPX is cheaper at 0.03% per year. On volatility, USPX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLC or USPX?

Over the 1-year period, AVLC has performed better with a 25.88% return vs 20.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLC or USPX?

USPX is cheaper with a 0.03% expense ratio, compared with 0.15% for AVLC.

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

USPX has the higher dividend yield at 1.09%, compared with 0.82% for AVLC.

What is the main difference between AVLC and USPX?

They also come from different issuers: Avantis and Franklin Templeton. Their fees differ too: 0.15% for AVLC and 0.03% for USPX.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (1.77 vs 1.44), 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.