USPX vs. VIG

Last updated Jul 17, 2026

USPX (Franklin U.S. Equity Index ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - USPX is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, USPX returned 12.27%/yr vs 12.96%/yr for VIG. A 0.80 correlation means they provide meaningful diversification when combined. USPX charges 0.03%/yr vs 0.04%/yr for VIG.

Performance

USPX vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Equity Index ETF (USPX) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USPX achieves a 10.27% return, which is significantly higher than VIG's 9.70% return. Over the past 10 years, USPX has underperformed VIG with an annualized return of 12.27%, while VIG has yielded a comparatively higher 12.96% annualized return.

USPX

• 1D: -0.63%
• 1M: 0.29%
• 6M: 8.73%
• YTD: 10.27%
• 1Y: 20.92%
• 3Y*: 19.96%
• 5Y*: 12.17%
• 10Y*: 12.27%

VIG

• 1D: 0.75%
• 1M: 1.41%
• 6M: 7.08%
• YTD: 9.70%
• 1Y: 18.31%
• 3Y*: 15.57%
• 5Y*: 10.77%
• 10Y*: 12.96%

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

USPX vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USPX Franklin U.S. Equity Index ETF	10.27%	17.78%	24.97%	27.07%	-18.88%	19.53%	9.72%	26.60%	-7.78%	23.80%
VIG Vanguard Dividend Appreciation ETF	9.70%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between USPX and VIG is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.80

The correlation between USPX and VIG shifts across timeframes, from 0.78 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

USPX vs. VIG - Sectors Allocation Comparison

Sectors	USPX	VIG
Technology	37.7%	29.0%
Financial Services	12.1%	19.9%
Communication Services	9.8%	0.5%
Consumer Cyclical	9.4%	4.4%
Healthcare	9.2%	16.6%
Industrials	8.0%	11.3%
Consumer Defensive	4.5%	9.3%
Utilities	2.7%	2.9%
Energy	2.2%	3.2%
Real Estate	1.7%	-
Basic Materials	1.7%	3.3%

Return for Risk

USPX vs. VIG — Risk / Return Rank

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

USPX

USPX Risk / Return Rank: 62
USPX Sharpe Ratio Rank: 62
USPX Sortino Ratio Rank: 60
USPX Omega Ratio Rank: 61
USPX Calmar Ratio Rank: 57
USPX Martin Ratio Rank: 69

VIG

VIG Risk / Return Rank: 68
VIG Sharpe Ratio Rank: 72
VIG Sortino Ratio Rank: 75
VIG Omega Ratio Rank: 71
VIG Calmar Ratio Rank: 58
VIG 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.

USPX vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Equity Index ETF (USPX) and Vanguard Dividend Appreciation ETF (VIG). 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.

	USPX	VIG	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.84	-0.19
Sortino ratio: Return per unit of downside risk	2.28	2.68	-0.40
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.30	2.33	-0.03
Martin ratio: Return relative to average drawdown	9.84	9.41	+0.43

USPX vs. VIG - Sharpe Ratio Comparison

The current USPX Sharpe Ratio is 1.65, which is comparable to the VIG Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of USPX and VIG, 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

USPX vs. VIG - Drawdown Comparison

The maximum USPX drawdown since its inception was -31.21%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for USPX and VIG.

Drawdown Indicators

	USPX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-31.21%	-46.81%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-7.91%	-1.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-14.95%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-20.39%	-4.21%
Max Drawdown (10Y) Largest decline over 10 years	-31.21%	-31.72%	+0.51%
Current Drawdown Current decline from peak	-1.08%	0.00%	-1.08%
Average Drawdown Average peak-to-trough decline	-4.41%	-5.49%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.95%	+0.18%

Volatility

USPX vs. VIG - Volatility Comparison

Franklin U.S. Equity Index ETF (USPX) has a higher volatility of 3.26% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.06%. This indicates that USPX's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USPX	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	2.06%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	7.60%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	9.98%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	14.21%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	16.01%	-0.06%

USPX vs. VIG - Expense Ratio Comparison

USPX has a 0.03% expense ratio, which is lower than VIG's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USPX vs. VIG - Dividend Comparison

USPX's dividend yield for the trailing twelve months is around 1.09%, less than VIG's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VIG Vanguard Dividend Appreciation ETF	1.50%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both USPX and VIG in my portfolio?

USPX and VIG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USPX or VIG?

USPX has higher volatility (3.26%) compared to VIG (2.06%). In terms of maximum drawdown, USPX dropped -31.21% vs VIG's -46.81%.

Which ETF is better, USPX or VIG?

On 10-year performance, VIG leads with 12.96% vs 12.27% for USPX. On fees, USPX is cheaper at 0.03% per year. On volatility, VIG has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USPX or VIG?

Over the 10-year period, VIG has performed better with a 12.96% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USPX or VIG?

USPX is cheaper with a 0.03% expense ratio, compared with 0.04% for VIG.

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

VIG has the higher dividend yield at 1.50%, compared with 1.09% for USPX.

What is the main difference between USPX and VIG?

USPX is categorized as Large Cap Blend Equities, while VIG is Dividend. USPX tracks Morningstar US Target Market Exposure Index, while VIG tracks S&P U.S. Dividend Growers Index. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.03% for USPX and 0.04% for VIG.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.84 vs 1.65), 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.