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USPX vs. QMAR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

USPX vs. QMAR

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin U.S. Equity Index ETF (USPX) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR).

USPX and QMAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USPX is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar US Target Market Exposure Index. It was launched on Jun 1, 2016. QMAR is an actively managed fund by First Trust. It was launched on Mar 19, 2021.

Performance

USPX vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Equity Index ETF (USPX) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

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USPX vs. QMAR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
USPX
Franklin U.S. Equity Index ETF		-3.95%17.78%24.97%27.07%-18.88%14.72%
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March		2.45%10.89%16.11%35.47%-16.56%12.31%

Returns By Period

In the year-to-date period, USPX achieves a -3.95% return, which is significantly lower than QMAR's 2.45% return.

USPX

1D
0.69%
1M
-4.30%
YTD
-3.95%
6M
-1.97%
1Y
17.94%
3Y*
18.60%
5Y*
10.45%
10Y*
—

QMAR

1D
0.57%
1M
1.34%
YTD
2.45%
6M
4.74%
1Y
19.05%
3Y*
15.09%
5Y*
10.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Franklin U.S. Equity Index ETF

FT Cboe Vest Nasdaq-100 Buffer ETF - March

Often compared with USPX:
USPX vs. JPEFUSPX vs. VOOUSPX vs. VUAG.LUSPX vs. IVVUSPX vs. BDGSUSPX vs. VUAA.DEUSPX vs. BBUS
Often compared with QMAR:
QMAR vs. QQQQMAR vs. BUFQQMAR vs. ITOTQMAR vs. MPLYQMAR vs. BLCRQMAR vs. SSPYQMAR vs. VTI

USPX vs. QMAR - Expense Ratio Comparison

USPX has a 0.03% expense ratio, which is lower than QMAR's 0.90% expense ratio.

QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
USPX
Franklin U.S. Equity Index ETF

Return for Risk

USPX vs. QMAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USPX
USPX Risk / Return Rank: 5656
Overall Rank
USPX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
USPX Sortino Ratio Rank: 5454
Sortino Ratio Rank
USPX Omega Ratio Rank: 5858
Omega Ratio Rank
USPX Calmar Ratio Rank: 5252
Calmar Ratio Rank
USPX Martin Ratio Rank: 6464
Martin Ratio Rank
QMAR
QMAR Risk / Return Rank: 8484
Overall Rank
QMAR Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QMAR Sortino Ratio Rank: 8383
Sortino Ratio Rank
QMAR Omega Ratio Rank: 9595
Omega Ratio Rank
QMAR Calmar Ratio Rank: 7373
Calmar Ratio Rank
QMAR Martin Ratio Rank: 9393
Martin Ratio Rank
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.

USPX vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Equity Index ETF (USPX) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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.

USPXQMARDifference

Sharpe ratio

Return per unit of total volatility

0.96

1.44

-0.48

Sortino ratio

Return per unit of downside risk

1.49

2.29

-0.79

Omega ratio

Gain probability vs. loss probability

1.22

1.47

-0.24

Calmar ratio

Return relative to maximum drawdown

1.47

2.11

-0.65

Martin ratio

Return relative to average drawdown

6.97

14.64

-7.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USPX vs. QMAR - Sharpe Ratio Comparison

The current USPX Sharpe Ratio is 0.96, which is lower than the QMAR Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of USPX and QMAR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

USPXQMARDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.96

1.44

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.76

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.77

-0.06

Correlation

The correlation between USPX and QMAR is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

USPX vs. QMAR - Dividend Comparison

USPX's dividend yield for the trailing twelve months is around 1.19%, while QMAR has not paid dividends to shareholders.

TTM2025202420232022202120202019201820172016
USPX
Franklin U.S. Equity Index ETF		1.19%1.07%1.23%1.35%2.21%2.40%2.51%3.07%2.91%2.60%4.89%
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

USPX vs. QMAR - Drawdown Comparison

The maximum USPX drawdown since its inception was -31.21%, which is greater than QMAR's maximum drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for USPX and QMAR.

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Drawdown Indicators

USPXQMARDifference

Max Drawdown

Largest peak-to-trough decline

-31.21%

-19.83%

-11.38%

Max Drawdown (1Y)

Largest decline over 1 year

-12.48%

-9.23%

-3.25%

Max Drawdown (5Y)

Largest decline over 5 years

-24.60%

-19.83%

-4.77%

Current Drawdown

Current decline from peak

-5.81%

-0.32%

-5.49%

Average Drawdown

Average peak-to-trough decline

-4.51%

-3.39%

-1.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

1.33%

+1.30%

Volatility

USPX vs. QMAR - Volatility Comparison

Franklin U.S. Equity Index ETF (USPX) has a higher volatility of 5.37% compared to FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) at 3.53%. This indicates that USPX's price experiences larger fluctuations and is considered to be riskier than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USPXQMARDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.37%

3.53%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

4.65%

+5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

18.75%

13.26%

+5.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

14.04%

+2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.98%

14.02%

+1.96%