LGDX vs. USPX

Last updated Jun 24, 2026

LGDX (Intech S&P Large Cap Diversified Alpha ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. LGDX is actively managed, while USPX is passively managed. Over the past year, LGDX returned 18.68% vs 23.21% for USPX. With a 0.97 correlation, they move nearly in lockstep. LGDX charges 0.25%/yr vs 0.03%/yr for USPX.

Performance

LGDX vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intech S&P Large Cap Diversified Alpha ETF (LGDX) 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, LGDX achieves a 6.86% return, which is significantly lower than USPX's 7.94% return.

LGDX

• 1D: -0.98%
• 1M: -1.26%
• YTD: 6.86%
• 6M: 5.87%
• 1Y: 18.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USPX

• 1D: -1.35%
• 1M: -1.23%
• YTD: 7.94%
• 6M: 6.89%
• 1Y: 23.21%
• 3Y*: 20.72%
• 5Y*: 11.89%
• 10Y*: 12.60%

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

LGDX vs. USPX - Yearly Performance Comparison

	2026 (YTD)	2025
LGDX Intech S&P Large Cap Diversified Alpha ETF	6.86%	15.03%
USPX Franklin U.S. Equity Index ETF	7.94%	17.70%

Correlation

The correlation between LGDX and USPX is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	0.97

The correlation between LGDX and USPX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

LGDX vs. USPX - Sectors Allocation Comparison

Sectors	LGDX	USPX
Technology	37.3%	37.7%
Communication Services	11.2%	10.3%
Consumer Cyclical	10.3%	9.5%
Financial Services	10.1%	11.6%
Healthcare	8.8%	8.8%
Industrials	8.3%	8.0%
Consumer Defensive	3.9%	4.6%
Real Estate	2.9%	1.8%
Utilities	2.8%	2.5%
Energy	2.7%	3.3%
Basic Materials	1.8%	1.7%

Return for Risk

LGDX vs. USPX — Risk / Return Rank

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

LGDX

LGDX Risk / Return Rank: 47
LGDX Sharpe Ratio Rank: 45
LGDX Sortino Ratio Rank: 44
LGDX Omega Ratio Rank: 43
LGDX Calmar Ratio Rank: 46
LGDX Martin Ratio Rank: 56

USPX

USPX Risk / Return Rank: 59
USPX Sharpe Ratio Rank: 59
USPX Sortino Ratio Rank: 56
USPX Omega Ratio Rank: 57
USPX Calmar Ratio Rank: 55
USPX Martin Ratio Rank: 66

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.

LGDX vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intech S&P Large Cap Diversified Alpha ETF (LGDX) 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.

	LGDX	USPX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.83	-0.39
Sortino ratio: Return per unit of downside risk	2.02	2.51	-0.49
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.09	2.55	-0.45
Martin ratio: Return relative to average drawdown	8.94	11.19	-2.25

LGDX vs. USPX - Sharpe Ratio Comparison

The current LGDX Sharpe Ratio is 1.45, which is comparable to the USPX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of LGDX 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

LGDX vs. USPX - Drawdown Comparison

The maximum LGDX drawdown since its inception was -15.79%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for LGDX and USPX.

Drawdown Indicators

	LGDX	USPX	Difference
Max Drawdown Largest peak-to-trough decline	-15.79%	-31.21%	+15.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-9.15%	+0.19%
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	-3.24%	-3.17%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.04%	-4.43%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.08%	+0.01%

Volatility

LGDX vs. USPX - Volatility Comparison

The current volatility for Intech S&P Large Cap Diversified Alpha ETF (LGDX) is 4.52%, while Franklin U.S. Equity Index ETF (USPX) has a volatility of 4.89%. This indicates that LGDX experiences smaller price fluctuations and is considered to be less risky than USPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGDX	USPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	4.89%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	10.06%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	12.74%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	16.28%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	15.96%	+2.39%

LGDX vs. USPX - Expense Ratio Comparison

LGDX has a 0.25% 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

LGDX vs. USPX - Dividend Comparison

LGDX's dividend yield for the trailing twelve months is around 0.49%, less than USPX's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LGDX Intech S&P Large Cap Diversified Alpha ETF	0.49%	0.52%	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	0.83%	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 LGDX and USPX in my portfolio?

With a correlation of 0.97, LGDX 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, LGDX or USPX?

USPX has higher volatility (4.89%) compared to LGDX (4.52%). In terms of maximum drawdown, LGDX dropped -15.79% vs USPX's -31.21%.

Which ETF is better, LGDX or USPX?

On 1-year performance, USPX leads with 23.21% vs 18.68% for LGDX. On fees, USPX is cheaper at 0.03% per year. On volatility, LGDX has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGDX or USPX?

Over the 1-year period, USPX has performed better with a 23.21% return vs 18.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGDX or USPX?

USPX is cheaper with a 0.03% expense ratio, compared with 0.25% for LGDX.

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

USPX has the higher dividend yield at 0.83%, compared with 0.49% for LGDX.

What is the main difference between LGDX and USPX?

They also come from different issuers: Intech and Franklin Templeton. Their fees differ too: 0.25% for LGDX and 0.03% for USPX.

Which has better risk-adjusted returns?

USPX currently has the higher Sharpe Ratio (1.83 vs 1.45), 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.