LCDS vs. USPX

Last updated Jun 5, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. LCDS is actively managed, while USPX is passively managed. Over the past year, LCDS returned 27.91% vs 28.00% for USPX. With a 0.98 correlation, they move nearly in lockstep. LCDS charges 0.30%/yr vs 0.03%/yr for USPX.

Performance

LCDS vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) and Franklin U.S. Equity Index ETF (USPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LCDS having a 10.64% return and USPX slightly higher at 11.16%.

LCDS

• 1D: 0.29%
• 1M: 4.42%
• YTD: 10.64%
• 6M: 11.27%
• 1Y: 27.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USPX

• 1D: 0.47%
• 1M: 4.77%
• YTD: 11.16%
• 6M: 10.90%
• 1Y: 28.00%
• 3Y*: 22.69%
• 5Y*: 12.50%
• 10Y*: 12.70%

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

LCDS vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	10.64%	17.66%	10.32%
USPX Franklin U.S. Equity Index ETF	11.16%	17.78%	11.38%

Correlation

The correlation between LCDS and USPX is 0.98 - 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	0.98
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024	0.98

The correlation between LCDS and USPX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

LCDS vs. USPX — Risk / Return Rank

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

LCDS

LCDS Risk / Return Rank: 72
LCDS Sharpe Ratio Rank: 75
LCDS Sortino Ratio Rank: 74
LCDS Omega Ratio Rank: 74
LCDS Calmar Ratio Rank: 64
LCDS Martin Ratio Rank: 75

USPX

USPX Risk / Return Rank: 71
USPX Sharpe Ratio Rank: 73
USPX Sortino Ratio Rank: 71
USPX Omega Ratio Rank: 71
USPX Calmar Ratio Rank: 63
USPX Martin Ratio Rank: 75

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.

LCDS vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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.

	LCDS	USPX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.33	+0.08
Sortino ratio: Return per unit of downside risk	3.27	3.18	+0.09
Omega ratio: Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	3.10	3.07	+0.03
Martin ratio: Return relative to average drawdown	14.00	14.01	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCDS vs. USPX - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 2.40, which is comparable to the USPX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of LCDS 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.

Sharpe Ratios by Period

	LCDS	USPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.33	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.80	+0.56

Drawdowns

LCDS vs. USPX - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for LCDS and USPX.

Drawdown Indicators

	LCDS	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-31.21%	+12.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.15%	+0.12%
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	-0.33%	-0.29%	-0.04%
Average Drawdown Average peak-to-trough decline	-2.18%	-4.44%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.00%	0.00%

Volatility

LCDS vs. USPX - Volatility Comparison

JPMorgan Fundamental Data Science Large Core ETF (LCDS) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 2.73% and 2.83%, 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.

Volatility by Period

	LCDS	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.83%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	9.17%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	12.09%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	16.17%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	15.91%	+0.31%

LCDS vs. USPX - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is higher than USPX's 0.03% expense ratio.

Dividends

LCDS vs. USPX - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.87%, less than USPX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.87%	0.92%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USPX Franklin U.S. Equity Index ETF	1.03%	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 LCDS and USPX in my portfolio?

With a correlation of 0.98, LCDS 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, LCDS or USPX?

USPX has higher volatility (2.83%) compared to LCDS (2.73%). In terms of maximum drawdown, LCDS dropped -18.39% vs USPX's -31.21%.

Which ETF is better, LCDS or USPX?

On 1-year performance, USPX leads with 28.00% vs 27.91% for LCDS. 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.

Which ETF has performed better, LCDS or USPX?

Over the 1-year period, USPX has performed better with a 28.00% return vs 27.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or USPX?

USPX is cheaper with a 0.03% expense ratio, compared with 0.30% for LCDS.

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

USPX has the higher dividend yield at 1.03%, compared with 0.87% for LCDS.

What is the main difference between LCDS and USPX?

They also come from different issuers: JPMorgan and Franklin Templeton. Their fees differ too: 0.30% for LCDS and 0.03% for USPX.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (2.40 vs 2.33), 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.