KAT vs. USPX

Last updated Apr 16, 2026

KAT (Scharf ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. KAT is actively managed, while USPX is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. KAT charges 0.75%/yr vs 0.03%/yr for USPX.

Performance

KAT vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf ETF (KAT) 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, KAT achieves a 1.88% return, which is significantly lower than USPX's 2.62% return.

KAT

• 1D: 0.45%
• 1M: 1.52%
• YTD: 1.88%
• 6M: 0.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USPX

• 1D: 0.86%
• 1M: 4.87%
• YTD: 2.62%
• 6M: 5.46%
• 1Y: 31.38%
• 3Y*: 20.98%
• 5Y*: 11.24%
• 10Y*: —

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

KAT vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025
KAT Scharf ETF	1.88%	1.02%
USPX Franklin U.S. Equity Index ETF	2.62%	6.52%

Correlation

The correlation between KAT and USPX is 0.66, 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 Aug 26, 2025	0.66

Return for Risk

KAT vs. USPX — Risk / Return Rank

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

USPX

USPX Risk / Return Rank: 65
USPX Sharpe Ratio Rank: 66
USPX Sortino Ratio Rank: 65
USPX Omega Ratio Rank: 67
USPX Calmar Ratio Rank: 57
USPX Martin Ratio Rank: 71

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.

KAT vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf ETF (KAT) 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.

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

Sharpe Ratios by Period

	KAT	USPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.76	-0.34

Drawdowns

KAT vs. USPX - Drawdown Comparison

The maximum KAT drawdown since its inception was -9.25%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for KAT and USPX.

Drawdown Indicators

	KAT	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-31.21%	+21.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.60%	—
Current Drawdown Current decline from peak	-3.54%	0.00%	-3.54%
Average Drawdown Average peak-to-trough decline	-2.84%	-4.50%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	KAT	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	13.41%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.09%	16.18%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	15.98%	-4.89%

KAT vs. USPX - Expense Ratio Comparison

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

Dividends

KAT vs. USPX - Dividend Comparison

KAT's dividend yield for the trailing twelve months is around 0.39%, less than USPX's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KAT Scharf ETF	0.39%	0.04%	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	1.12%	1.07%	1.23%	1.35%	2.21%	2.40%	2.51%	3.07%	2.91%	2.60%	4.89%