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IYY vs. USPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. USPX

Last updated Jun 4, 2026

IYY (iShares Dow Jones U.S. ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds - IYY tracks the Dow Jones U.S. Index while USPX tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, IYY returned 12.92%/yr vs 12.39%/yr for USPX. Their correlation of 0.87 suggests significant overlap in exposure. IYY charges 0.20%/yr vs 0.03%/yr for USPX.

Performance

IYY vs. USPX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with IYY having a 10.92% return and USPX slightly lower at 10.64%.

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%

USPX

1D
-0.75%
1M
5.12%
YTD
10.64%
6M
10.50%
1Y
27.42%
3Y*
22.42%
5Y*
12.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYY vs. USPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
USPX
Franklin U.S. Equity Index ETF		10.64%17.78%24.97%27.07%-18.88%19.53%9.72%26.60%-7.78%23.80%

Correlation

The correlation between IYY and USPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2016

0.87

The correlation between IYY and USPX shifts across timeframes, from 0.87 (all time) to 0.99 (3 years), reflecting how their relationship changes across market environments.

IYY vs. USPX - Sectors Allocation Comparison

Sectors
IYY
USPX

Technology

34.8%
35.4%

Financial Services

12.0%
11.8%

Communication Services

10.7%
11.5%

Consumer Cyclical

10.2%
10.1%

Industrials

9.0%
8.4%

Healthcare

8.6%
8.6%

Consumer Defensive

4.8%
4.8%

Energy

3.6%
3.6%

Utilities

2.3%
2.3%

Real Estate

2.2%
1.8%

Basic Materials

2.0%
1.7%

Technology

IYY
34.8%
USPX
35.4%

Financial Services

IYY
12.0%
USPX
11.8%

Communication Services

IYY
10.7%
USPX
11.5%

Consumer Cyclical

IYY
10.2%
USPX
10.1%

Industrials

IYY
9.0%
USPX
8.4%

Healthcare

IYY
8.6%
USPX
8.6%

Consumer Defensive

IYY
4.8%
USPX
4.8%

Energy

IYY
3.6%
USPX
3.6%

Utilities

IYY
2.3%
USPX
2.3%

Real Estate

IYY
2.2%
USPX
1.8%

Basic Materials

IYY
2.0%
USPX
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Dow Jones U.S. ETF

Franklin U.S. Equity Index ETF

Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB
Often compared with USPX:
USPX vs. JPEFUSPX vs. VOOUSPX vs. IVVUSPX vs. BDGSUSPX vs. VUAG.LUSPX vs. SPTMUSPX vs. BBUS

Return for Risk

IYY vs. USPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
Martin Ratio Rank
USPX
USPX Risk / Return Rank: 6868
Overall Rank
USPX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
USPX Sortino Ratio Rank: 6868
Sortino Ratio Rank
USPX Omega Ratio Rank: 6868
Omega Ratio Rank
USPX Calmar Ratio Rank: 6161
Calmar Ratio Rank
USPX Martin Ratio Rank: 7373
Martin Ratio Rank
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.

IYY vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYUSPXDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.28

+0.02

Sortino ratioReturn per unit of downside risk
3.16
3.12

+0.03

Omega ratioGain probability vs. loss probability

1.42

1.41

+0.01

Calmar ratioReturn relative to maximum drawdown

3.09

3.01

+0.07

Martin ratioReturn relative to average drawdown

14.19

13.72

+0.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYY vs. USPX - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 2.30, which is comparable to the USPX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of IYY 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.

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Sharpe Ratios by Period

IYYUSPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

2.28

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.77

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.80

-0.36

Drawdowns

IYY vs. USPX - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, which is greater than USPX's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for IYY and USPX.

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Drawdown Indicators

IYYUSPXDifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-31.21%

-23.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-9.15%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.21%

+0.15%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-24.60%

-0.86%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-31.21%

-3.69%

Current Drawdown

Current decline from peak

-0.73%

-0.75%

+0.02%

Average Drawdown

Average peak-to-trough decline

-10.84%

-4.44%

-6.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.00%

-0.06%

Volatility

IYY vs. USPX - Volatility Comparison

iShares Dow Jones U.S. ETF (IYY) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 2.93% and 2.87%, 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.

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Volatility by Period

IYYUSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

2.87%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

9.16%

-0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

12.09%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

16.17%

+0.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

15.92%

+2.24%

IYY vs. USPX - Expense Ratio Comparison

IYY has a 0.20% 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

IYY vs. USPX - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.87%, less than USPX's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.87%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%
USPX
Franklin U.S. Equity Index ETF		1.04%1.07%1.23%1.35%2.21%2.40%2.51%3.07%2.91%2.60%4.89%0.00%

Frequently Asked Questions

With a correlation of 0.99, IYY 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.

IYY has higher volatility (2.93%) compared to USPX (2.87%). In terms of maximum drawdown, IYY dropped -55.17% vs USPX's -31.21%.

On 5-year performance, IYY leads with 12.92% vs 12.39% 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.

Over the 5-year period, IYY has performed better with a 12.92% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USPX is cheaper with a 0.03% expense ratio, compared with 0.20% for IYY.

USPX has the higher dividend yield at 1.04%, compared with 0.87% for IYY.

IYY tracks Dow Jones U.S. Index, while USPX tracks Morningstar US Target Market Exposure Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for IYY and 0.03% for USPX.

IYY currently has the higher Sharpe Ratio (2.30 vs 2.28), 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.

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