PVEX vs. USPX
PVEX (TrueShares ConVequity ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds. Their correlation of 0.92 suggests significant overlap in exposure. PVEX charges 0.82%/yr vs 0.03%/yr for USPX.
Performance
PVEX vs. USPX - Performance Comparison
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Returns By Period
In the year-to-date period, PVEX achieves a 7.08% return, which is significantly lower than USPX's 7.94% return.
PVEX
- 1D
- -0.28%
- 1M
- -0.96%
- YTD
- 7.08%
- 6M
- 6.55%
- 1Y
- —
- 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%
PVEX vs. USPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PVEX TrueShares ConVequity ETF | 7.08% | 13.68% |
USPX Franklin U.S. Equity Index ETF | 7.94% | 11.37% |
Correlation
The correlation between PVEX and USPX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.92 |
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Return for Risk
PVEX vs. USPX — Risk / Return Rank
PVEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USPX
PVEX vs. USPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) 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.
| PVEX | USPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.55 | — |
| Martin ratioReturn relative to average drawdown | — | 11.19 | — |
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Drawdowns
PVEX vs. USPX - Drawdown Comparison
The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for PVEX and USPX.
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Drawdown Indicators
| PVEX | USPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.63% | -31.21% | +23.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.15% | — |
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 DrawdownCurrent decline from peak | -3.17% | -3.17% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -4.43% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
PVEX vs. USPX - Volatility Comparison
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Volatility by Period
| PVEX | USPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.74% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 16.28% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 15.96% | -0.69% |
PVEX vs. USPX - Expense Ratio Comparison
PVEX has a 0.82% expense ratio, which is higher than USPX's 0.03% expense ratio.
Dividends
PVEX vs. USPX - Dividend Comparison
PVEX's dividend yield for the trailing twelve months is around 0.18%, less than USPX's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PVEX TrueShares ConVequity ETF | 0.18% | 0.19% | 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
With a correlation of 0.92, PVEX 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.
On fees, USPX is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPX is cheaper with a 0.03% expense ratio, compared with 0.82% for PVEX.
USPX has the higher dividend yield at 0.83%, compared with 0.18% for PVEX.
They also come from different issuers: TrueShares and Franklin Templeton. Their fees differ too: 0.82% for PVEX and 0.03% for USPX.
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