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IYY vs. USPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. USPX

Last updated Aug 2, 2026
Documentation

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 10 years, IYY returned 14.60%/yr vs 12.14%/yr for USPX. Their correlation of 0.87 means they have usually moved in the same direction. 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 10.10% return and USPX slightly lower at 9.67%. Over the past 10 years, IYY has outperformed USPX with an annualized return of 14.60%, while USPX has yielded a comparatively lower 12.14% annualized return.

IYY

1D
0.66%
1M
0.01%
6M
8.60%
YTD
10.10%
1Y
20.96%
3Y*
18.93%
5Y*
11.85%
10Y*
14.60%
ALL TIME*
8.28%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IYY

iShares Dow Jones U.S. ETF
$6.16M$5.24M$4.18M

USPX

Franklin U.S. Equity Index ETF
$3.15M$2.94M$3.73M

IYY vs. USPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.10%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		9.67%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 - 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.

0.99

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.97

Correlation (10Y)
Provides a long-term view across more market conditions.

0.87

Correlation (All Time)
Calculated using the full available price history since Jun 3, 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

36.9%
37.4%

Financial Services

12.4%
12.5%

Healthcare

9.2%
9.4%

Communication Services

8.9%
9.6%

Consumer Cyclical

8.8%
8.8%

Industrials

8.7%
7.9%

Consumer Defensive

4.5%
4.7%

Energy

3.5%
3.4%

Utilities

2.7%
2.6%

Real Estate

2.2%
1.8%

Basic Materials

2.0%
1.7%

Technology

IYY
36.9%
USPX
37.4%

Financial Services

IYY
12.4%
USPX
12.5%

Healthcare

IYY
9.2%
USPX
9.4%

Communication Services

IYY
8.9%
USPX
9.6%

Consumer Cyclical

IYY
8.8%
USPX
8.8%

Industrials

IYY
8.7%
USPX
7.9%

Consumer Defensive

IYY
4.5%
USPX
4.7%

Energy

IYY
3.5%
USPX
3.4%

Utilities

IYY
2.7%
USPX
2.6%

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. SPTMUSPX vs. BBUSUSPX vs. BDGSUSPX vs. VUAG.L

Return for Risk

IYY vs. USPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IYY
IYY Risk / Return Rank: 6464
Overall Rank
IYY Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6161
Sortino Ratio Rank
IYY Omega Ratio Rank: 6161
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7373
Martin Ratio Rank
USPX
USPX Risk / Return Rank: 6161
Overall Rank
USPX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
USPX Sortino Ratio Rank: 5959
Sortino Ratio Rank
USPX Omega Ratio Rank: 5959
Omega Ratio Rank
USPX Calmar Ratio Rank: 5858
Calmar Ratio Rank
USPX Martin Ratio Rank: 7070
Martin Ratio Rank
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.

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.

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.

IYYUSPXDifference
Sharpe ratioReturn per unit of total volatility
1.46
1.44

+0.03

Sortino ratioReturn per unit of downside risk
2.04
2.01

+0.03

Omega ratioGain probability vs. loss probability

1.26

1.26

+0.01

Calmar ratioReturn relative to maximum drawdown

2.12

2.04

+0.08

Martin ratioReturn relative to average drawdown

9.03

8.56

+0.47

IYY vs. USPX - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 1.46, which is comparable to the USPX Sharpe Ratio of 1.44. 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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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

-1.46%

-1.63%

+0.17%

Average Drawdown

Average peak-to-trough decline

-10.79%

-4.40%

-6.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.18%

-0.08%

Volatility

IYY vs. USPX - Volatility Comparison

iShares Dow Jones U.S. ETF (IYY) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 3.44% and 3.39%, 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

3.44%

3.39%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

10.23%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

12.99%

13.02%

-0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

16.30%

+0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

15.97%

+2.19%

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 0.88%, less than USPX's 1.09% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.88%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		1.09%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 (3.44%) compared to USPX (3.39%). In terms of maximum drawdown, IYY dropped -55.17% vs USPX's -31.21%.

On 10-year performance, IYY leads with 14.60% vs 12.14% 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 10-year period, IYY has performed better with a 14.60% return vs 12.14%. 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 1.09%, compared with 0.88% 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 (1.46 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.

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