KOOL vs. USPX

Last updated Aug 2, 2026

KOOL (North Shore Equity Rotation ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. KOOL is actively managed, while USPX is passively managed. Over the past year, KOOL returned 20.12% vs 20.68% for USPX. Their correlation of 0.91 means they have usually moved in the same direction. KOOL charges 0.94%/yr vs 0.03%/yr for USPX.

Performance

KOOL vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Shore Equity Rotation ETF (KOOL) 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, KOOL achieves a 12.21% return, which is significantly higher than USPX's 9.67% return.

KOOL

• 1D: 0.35%
• 1M: 0.22%
• 6M: 8.13%
• YTD: 12.21%
• 1Y: 20.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.08%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KOOL North Shore Equity Rotation ETF	$36.51K	$33.43K	$75.88K
USPX Franklin U.S. Equity Index ETF	$3.15M	$2.94M	$3.73M

KOOL vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KOOL North Shore Equity Rotation ETF	12.21%	16.05%	10.83%
USPX Franklin U.S. Equity Index ETF	9.67%	17.78%	13.30%

Correlation

The correlation between KOOL and USPX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.91

The correlation between KOOL and USPX has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

KOOL vs. USPX - Sectors Allocation Comparison

Sectors	KOOL	USPX
Technology	25.1%	37.4%
Industrials	14.4%	7.9%
Energy	14.2%	3.4%
Healthcare	8.8%	9.4%
Communication Services	8.0%	9.6%
Financial Services	7.3%	12.5%
Basic Materials	6.6%	1.7%
Consumer Cyclical	5.3%	8.8%
Utilities	4.2%	2.6%
Consumer Defensive	3.7%	4.7%
Real Estate	2.5%	1.8%

Return for Risk

KOOL vs. USPX — Risk / Return Rank

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

KOOL

KOOL Risk / Return Rank: 59
KOOL Sharpe Ratio Rank: 54
KOOL Sortino Ratio Rank: 52
KOOL Omega Ratio Rank: 51
KOOL Calmar Ratio Rank: 73
KOOL Martin Ratio Rank: 68

USPX

USPX Risk / Return Rank: 61
USPX Sharpe Ratio Rank: 61
USPX Sortino Ratio Rank: 59
USPX Omega Ratio Rank: 59
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.

KOOL vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Shore Equity Rotation ETF (KOOL) 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.

	KOOL	USPX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.44	-0.12
Sortino ratio: Return per unit of downside risk	1.86	2.01	-0.15
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	2.59	2.04	+0.54
Martin ratio: Return relative to average drawdown	8.28	8.56	-0.28

KOOL vs. USPX - Sharpe Ratio Comparison

The current KOOL Sharpe Ratio is 1.31, which is comparable to the USPX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of KOOL 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

KOOL vs. USPX - Drawdown Comparison

The maximum KOOL drawdown since its inception was -20.46%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for KOOL and USPX.

Drawdown Indicators

	KOOL	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-20.46%	-31.21%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-9.15%	+1.97%
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	-3.57%	-1.63%	-1.94%
Average Drawdown Average peak-to-trough decline	-2.57%	-4.40%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.18%	+0.06%

Volatility

KOOL vs. USPX - Volatility Comparison

North Shore Equity Rotation ETF (KOOL) has a higher volatility of 4.35% compared to Franklin U.S. Equity Index ETF (USPX) at 3.39%. This indicates that KOOL's price experiences larger fluctuations and is considered to be riskier than USPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOOL	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	3.39%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	10.23%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	13.02%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	16.30%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	15.97%	+0.97%

KOOL vs. USPX - Expense Ratio Comparison

KOOL has a 0.94% expense ratio, which is higher than USPX's 0.03% expense ratio.

Dividends

KOOL vs. USPX - Dividend Comparison

KOOL's dividend yield for the trailing twelve months is around 0.44%, less than USPX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KOOL North Shore Equity Rotation ETF	0.44%	0.37%	0.56%	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 KOOL and USPX in my portfolio?

With a correlation of 0.91, KOOL 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, KOOL or USPX?

KOOL has higher volatility (4.35%) compared to USPX (3.39%). In terms of maximum drawdown, KOOL dropped -20.46% vs USPX's -31.21%.

Which ETF is better, KOOL or USPX?

On 1-year performance, USPX leads with 20.68% vs 20.12% for KOOL. On fees, USPX is cheaper at 0.03% per year. On volatility, USPX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KOOL or USPX?

Over the 1-year period, USPX has performed better with a 20.68% return vs 20.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KOOL or USPX?

USPX is cheaper with a 0.03% expense ratio, compared with 0.94% for KOOL.

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

USPX has the higher dividend yield at 1.09%, compared with 0.44% for KOOL.

What is the main difference between KOOL and USPX?

They also come from different issuers: Split Rock and Franklin Templeton. Their fees differ too: 0.94% for KOOL and 0.03% for USPX.

Which has better risk-adjusted returns?

USPX currently has the higher Sharpe Ratio (1.44 vs 1.31), 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.