EXEQ vs. USPX

Last updated Jul 8, 2026

EXEQ (Wedbush ReturnOnLeadership U.S. Large-Cap ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds - EXEQ tracks the Solactive Indiggo ReturnOnLeadership U.S. Large-Cap Index while USPX tracks the Morningstar US Target Market Exposure Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. EXEQ charges 0.75%/yr vs 0.03%/yr for USPX.

Performance

EXEQ vs. USPX - Performance Comparison

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

Returns By Period

EXEQ

• 1D: -0.42%
• 1M: 2.22%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USPX

• 1D: -0.29%
• 1M: 1.66%
• 6M: 8.39%
• YTD: 10.04%
• 1Y: 21.39%
• 3Y*: 20.96%
• 5Y*: 12.29%
• 10Y*: 12.50%

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

EXEQ vs. USPX - Yearly Performance Comparison

	2026 (YTD)
EXEQ Wedbush ReturnOnLeadership U.S. Large-Cap ETF	9.33%
USPX Franklin U.S. Equity Index ETF	10.48%

Correlation

The correlation between EXEQ and USPX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.79

Return for Risk

EXEQ vs. USPX — Risk / Return Rank

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

EXEQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USPX

USPX Risk / Return Rank: 61
USPX Sharpe Ratio Rank: 61
USPX Sortino Ratio Rank: 59
USPX Omega Ratio Rank: 60
USPX Calmar Ratio Rank: 57
USPX Martin Ratio Rank: 67

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.

EXEQ vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedbush ReturnOnLeadership U.S. Large-Cap ETF (EXEQ) 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.

	EXEQ	USPX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.34	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	10.09	—

Drawdowns

EXEQ vs. USPX - Drawdown Comparison

The maximum EXEQ drawdown since its inception was -8.92%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for EXEQ and USPX.

Drawdown Indicators

	EXEQ	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-8.92%	-31.21%	+22.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.15%	—
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	-0.73%	-1.29%	+0.56%
Average Drawdown Average peak-to-trough decline	-1.77%	-4.42%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	EXEQ	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	12.70%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	16.29%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	15.95%	-0.74%

EXEQ vs. USPX - Expense Ratio Comparison

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

Dividends

EXEQ vs. USPX - Dividend Comparison

EXEQ's dividend yield for the trailing twelve months is around 0.09%, less than USPX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EXEQ Wedbush ReturnOnLeadership U.S. Large-Cap ETF	0.09%	0.00%	0.00%	0.00%	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 EXEQ and USPX in my portfolio?

EXEQ and USPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXEQ or USPX?

On fees, USPX is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXEQ or USPX?

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

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

USPX has the higher dividend yield at 1.09%, compared with 0.09% for EXEQ.

What is the main difference between EXEQ and USPX?

EXEQ tracks Solactive Indiggo ReturnOnLeadership U.S. Large-Cap Index, while USPX tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Wedbush and Franklin Templeton. Their fees differ too: 0.75% for EXEQ and 0.03% for USPX.