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LRGF vs. USPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. USPX

Last updated Aug 2, 2026
Documentation

LRGF (iShares U.S. Equity Factor ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds - LRGF tracks the STOXX U.S. Equity Factor Index while USPX tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 10 years, LRGF returned 13.82%/yr vs 12.14%/yr for USPX. Their correlation of 0.85 means they have usually moved in the same direction. LRGF charges 0.08%/yr vs 0.03%/yr for USPX.

Performance

LRGF vs. USPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Equity Factor ETF (LRGF) 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 LRGF having a 10.17% return and USPX slightly lower at 9.67%. Over the past 10 years, LRGF has outperformed USPX with an annualized return of 13.82%, while USPX has yielded a comparatively lower 12.14% annualized return.

LRGF

1D
0.71%
1M
1.00%
6M
9.84%
YTD
10.17%
1Y
19.37%
3Y*
19.82%
5Y*
13.36%
10Y*
13.82%
ALL TIME*
12.32%

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)

LRGF

iShares U.S. Equity Factor ETF
$10.71M$10.50M$11.75M

USPX

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

LRGF vs. USPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LRGF
iShares U.S. Equity Factor ETF		10.17%16.48%26.59%25.85%-14.77%25.01%11.11%26.11%-9.66%21.13%
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 LRGF and USPX is 0.98 - 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.

0.98

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

0.98

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

0.96

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

0.86

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2016

0.85

The correlation between LRGF and USPX shifts across timeframes, from 0.85 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

LRGF vs. USPX - Sectors Allocation Comparison

Sectors
LRGF
USPX

Technology

37.3%
37.4%

Financial Services

11.7%
12.5%

Consumer Cyclical

10.5%
8.8%

Communication Services

10.0%
9.6%

Healthcare

9.4%
9.4%

Industrials

8.3%
7.9%

Consumer Defensive

4.9%
4.7%

Energy

3.1%
3.4%

Utilities

2.0%
2.6%

Basic Materials

1.8%
1.7%

Real Estate

1.1%
1.8%

Technology

LRGF
37.3%
USPX
37.4%

Financial Services

LRGF
11.7%
USPX
12.5%

Consumer Cyclical

LRGF
10.5%
USPX
8.8%

Communication Services

LRGF
10.0%
USPX
9.6%

Healthcare

LRGF
9.4%
USPX
9.4%

Industrials

LRGF
8.3%
USPX
7.9%

Consumer Defensive

LRGF
4.9%
USPX
4.7%

Energy

LRGF
3.1%
USPX
3.4%

Utilities

LRGF
2.0%
USPX
2.6%

Basic Materials

LRGF
1.8%
USPX
1.7%

Real Estate

LRGF
1.1%
USPX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Equity Factor ETF

Franklin U.S. Equity Index ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. JQUALRGF vs. VV
Often compared with USPX:
USPX vs. JPEFUSPX vs. VOOUSPX vs. IVVUSPX vs. SPTMUSPX vs. BBUSUSPX vs. BDGSUSPX vs. VUAG.L

Return for Risk

LRGF vs. USPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
LRGF
LRGF Risk / Return Rank: 5757
Overall Rank
LRGF Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5656
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5454
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5656
Calmar Ratio Rank
LRGF Martin Ratio Rank: 6464
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.

LRGF vs. USPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Equity Factor ETF (LRGF) 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.

LRGFUSPXDifference
Sharpe ratioReturn per unit of total volatility
1.36
1.44

-0.07

Sortino ratioReturn per unit of downside risk
1.91
2.01

-0.10

Omega ratioGain probability vs. loss probability

1.24

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.97

2.04

-0.07

Martin ratioReturn relative to average drawdown

7.67

8.56

-0.89

LRGF vs. USPX - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.36, which is comparable to the USPX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of LRGF 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

LRGF vs. USPX - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than USPX's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for LRGF and USPX.

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Drawdown Indicators

LRGFUSPXDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-31.21%

-4.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-9.15%

+0.23%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

-19.21%

-0.23%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

-24.60%

+2.98%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-31.21%

-4.82%

Current Drawdown

Current decline from peak

-1.01%

-1.63%

+0.62%

Average Drawdown

Average peak-to-trough decline

-4.50%

-4.40%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

2.18%

+0.11%

Volatility

LRGF vs. USPX - Volatility Comparison

iShares U.S. Equity Factor ETF (LRGF) and Franklin U.S. Equity Index ETF (USPX) have volatilities of 3.52% 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

LRGFUSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

3.39%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

10.23%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

12.89%

13.02%

-0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.09%

16.30%

+0.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.30%

15.97%

+2.33%

LRGF vs. USPX - Expense Ratio Comparison

LRGF has a 0.08% 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

LRGF vs. USPX - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.08%, which matches USPX's 1.09% yield.

PositionTTM20252024202320222021202020192018201720162015
LRGF
iShares U.S. Equity Factor ETF		1.08%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%
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 0.98, LRGF 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.

LRGF has higher volatility (3.52%) compared to USPX (3.39%). In terms of maximum drawdown, LRGF dropped -36.03% vs USPX's -31.21%.

On 10-year performance, LRGF leads with 13.82% vs 12.14% for USPX. 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.

Over the 10-year period, LRGF has performed better with a 13.82% 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 0.08% for LRGF.

LRGF and USPX have nearly identical dividend yields, around 1.08%.

LRGF tracks STOXX U.S. Equity Factor Index, while USPX tracks Morningstar US Target Market Exposure Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.08% for LRGF and 0.03% for USPX.

USPX currently has the higher Sharpe Ratio (1.44 vs 1.36), 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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