AVUS vs. USPX

Last updated Jul 31, 2026

AVUS (Avantis U.S. Equity ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. AVUS is actively managed, while USPX is passively managed. Over the past 5 years, AVUS returned 12.64%/yr vs 11.62%/yr for USPX. Their correlation of 0.92 means they have usually moved in the same direction. AVUS charges 0.15%/yr vs 0.03%/yr for USPX.

Performance

AVUS vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Equity ETF (AVUS) 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, AVUS achieves a 14.06% return, which is significantly higher than USPX's 9.03% return.

AVUS

• 1D: 1.68%
• 1M: -0.94%
• 6M: 9.63%
• YTD: 14.06%
• 1Y: 23.90%
• 3Y*: 18.84%
• 5Y*: 12.64%
• 10Y*: —
• ALL TIME*: 16.02%

USPX

• 1D: 1.63%
• 1M: -0.74%
• 6M: 7.08%
• YTD: 9.03%
• 1Y: 17.85%
• 3Y*: 18.95%
• 5Y*: 11.62%
• 10Y*: 12.08%
• ALL TIME*: 12.37%

*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)
AVUS Avantis U.S. Equity ETF	$38.04M	$39.21M	$43.08M
USPX Franklin U.S. Equity Index ETF	$2.51M	$2.61M	$3.65M

AVUS vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUS Avantis U.S. Equity ETF	14.06%	16.68%	20.43%	21.77%	-13.82%	28.73%	17.58%	8.55%
USPX Franklin U.S. Equity Index ETF	9.03%	17.78%	24.97%	27.07%	-18.88%	19.53%	9.72%	8.24%

Correlation

The correlation between AVUS and USPX is 0.95 - 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.92

The correlation between AVUS and USPX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

AVUS vs. USPX - Sectors Allocation Comparison

Sectors	AVUS	USPX
Technology	29.3%	38.6%
Financial Services	16.2%	12.1%
Industrials	11.1%	8.1%
Consumer Cyclical	11.0%	9.1%
Communication Services	8.5%	9.6%
Healthcare	7.3%	8.8%
Energy	7.1%	3.4%
Consumer Defensive	4.4%	4.5%
Basic Materials	2.7%	1.7%
Utilities	2.4%	2.2%
Real Estate	0.1%	1.8%

Return for Risk

AVUS vs. USPX — Risk / Return Rank

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

AVUS

AVUS Risk / Return Rank: 84
AVUS Sharpe Ratio Rank: 83
AVUS Sortino Ratio Rank: 82
AVUS Omega Ratio Rank: 81
AVUS Calmar Ratio Rank: 84
AVUS Martin Ratio Rank: 90

USPX

USPX Risk / Return Rank: 61
USPX Sharpe Ratio Rank: 61
USPX Sortino Ratio Rank: 58
USPX Omega Ratio Rank: 57
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.

AVUS vs. USPX - Risk-Adjusted Trends Comparison

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

	AVUS	USPX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.38	+0.48
Sortino ratio: Return per unit of downside risk	2.57	1.94	+0.64
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.09
Calmar ratio: Return relative to maximum drawdown	3.06	1.96	+1.10
Martin ratio: Return relative to average drawdown	13.47	8.21	+5.26

AVUS vs. USPX - Sharpe Ratio Comparison

The current AVUS Sharpe Ratio is 1.86, which is higher than the USPX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of AVUS 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

AVUS vs. USPX - Drawdown Comparison

The maximum AVUS drawdown since its inception was -37.04%, which is greater than USPX's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for AVUS and USPX.

Drawdown Indicators

	AVUS	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-31.21%	-5.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-9.15%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-19.21%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-24.60%	+2.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.21%	—
Current Drawdown Current decline from peak	-1.27%	-2.20%	+0.93%
Average Drawdown Average peak-to-trough decline	-5.00%	-4.41%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.18%	-0.40%

Volatility

AVUS vs. USPX - Volatility Comparison

Avantis U.S. Equity ETF (AVUS) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 3.36% and 3.33%, 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

	AVUS	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.33%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	10.21%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	13.02%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	16.30%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	15.97%	+4.75%

AVUS vs. USPX - Expense Ratio Comparison

AVUS 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

AVUS vs. USPX - Dividend Comparison

AVUS's dividend yield for the trailing twelve months is around 0.93%, less than USPX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVUS Avantis U.S. Equity ETF	0.93%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%	0.00%
USPX Franklin U.S. Equity Index ETF	1.10%	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 AVUS and USPX in my portfolio?

With a correlation of 0.95, AVUS 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, AVUS or USPX?

AVUS has higher volatility (3.36%) compared to USPX (3.33%). In terms of maximum drawdown, AVUS dropped -37.04% vs USPX's -31.21%.

Which ETF is better, AVUS or USPX?

On 5-year performance, AVUS leads with 12.64% vs 11.62% for USPX. 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, AVUS or USPX?

Over the 5-year period, AVUS has performed better with a 12.64% return vs 11.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUS or USPX?

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

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

USPX has the higher dividend yield at 1.10%, compared with 0.93% for AVUS.

What is the main difference between AVUS and USPX?

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

Which has better risk-adjusted returns?

AVUS currently has the higher Sharpe Ratio (1.86 vs 1.38), 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.