Skip to content
etf.net

Launched

Franklin U.S. Equity Index ETF

USPXNYSE ArcaFranklin TempletonA

$65.67−0.31 (−0.47%)

As of Nov 2, 2026, 3:59 PM ET

A72/ 100

Rank 4 of 14 in S&P 500

A72/100Rank 4 of 14inS&P 500
Intraday session: down, 78 prints from 65.98 to 65.67. Range 65.67 to 66.69. Use the arrow keys to read each point.65.8066.2066.4066.6010 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size
$2.04B
1Y total return
+11.2%
Yield · Last 12 months
1.04%
Holdings
470
Avg volume · 30D
67.3K sh
52W range
low $54.99high $68.47
Launched

The ETF.net USPX Grade

A

Score 72 out of 100

Category
S&P 500⁠
Rank
4 of 14
Six-pillar profile for USPX. Scores out of 100: Cost 84, Risk 41, Mission 98, Tradability 50, Holdings 61, Durability 61. Strongest: Mission (98). Weakest: Risk (41). Leans toward Mission.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 2 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 8 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 11 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 7 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 6 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 7 of 14

Our read on USPX

ETF.net Research

In short

AThe odd one out in the S&P 500 aisle. Franklin's fund tracks a Morningstar large-cap benchmark instead, for three basis points. Same big-US-stocks job, different scorecard, and a fee that undercuts most of the peer group.

Stated mandate

The fund seeks to provide U.S. equity exposure through an index-based strategy.

Why people hold it

  • 0.03% a year, a fraction of the roughly 0.15% typical in its peer group and level with the fee on VOO and IVV.
  • Sticks close to its Morningstar US Target Market Exposure Index, one of the tighter index-following records among the S&P 500 wrappers it sits beside.
  • Rules-based cap-weighted US equity, roughly 190 names, no factor tilts or manager picks. Pays quarterly.
  • Running since 2016 and now a multi-billion-dollar fund, with Franklin Templeton behind it.

Worth knowing

  • Different index, different constituent rules. Holdings and returns can drift from the S&P 500 trackers most people compare it to.
  • Moderately traded rather than a volume monster like SPY, which can mean wider bid-ask spreads than the biggest names in the category.
  • Fewer names than the 500-stock benchmarks next door, and cap weighting keeps the largest US companies in the driver's seat.

USPX Performance

Launched Jun 1, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

USPX$11,118
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. USPX $11,118. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for USPX. Periods over one year show the average yearly return.
PeriodUSPX
Year to date+11.2%
1 month−1.3%
3 months+1.4%
1 year+11.2%
3 yearsper year+23.3%
5 yearsper year+12.0%
10 yearsper year+12.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for USPX
YearReturn barUSPX
2026 YTD+11.2%
2025+17.8%
2024+25.0%
2023+27.1%
2022−18.9%
2021+19.5%
2020+9.8%

USPX in the news

USPX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.04%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 28 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.32; Dec 20, 2017 $0.47; Jun 20, 2018 $0.32; Dec 20, 2018 $0.48; Jun 11, 2019 $0.47; Dec 11, 2019 $0.56; Jun 11, 2020 $0.43; Dec 14, 2020 $0.47; Jun 10, 2021 $0.37; Dec 13, 2021 $0.63; Jun 17, 2022 $0.54; Sep 16, 2022 $0.01; Dec 16, 2022 $0.18; Mar 17, 2023 $0.10; Jun 16, 2023 $0.12; Sep 15, 2023 $0.14; Dec 15, 2023 $0.20; Mar 15, 2024 $0.10; Jun 21, 2024 $0.15; Sep 20, 2024 $0.17; Dec 20, 2024 $0.20; Mar 21, 2025 $0.11; Jun 20, 2025 $0.15; Sep 19, 2025 $0.17; Dec 19, 2025 $0.21; Mar 20, 2026 $0.16; Jun 26, 2026 $0.18; Sep 18, 2026 $0.14. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 25, 2026$0.14
Jun 26, 2026Jul 6, 2026$0.18
Mar 20, 2026Mar 27, 2026$0.16
Dec 19, 2025Dec 29, 2025$0.21
Sep 19, 2025Sep 26, 2025$0.17
Jun 20, 2025Jun 27, 2025$0.15
Mar 21, 2025Mar 28, 2025$0.11
Dec 20, 2024Dec 30, 2024$0.20
Sep 20, 2024Sep 27, 2024$0.17
Jun 21, 2024Jun 28, 2024$0.15
Mar 15, 2024Mar 25, 2024$0.10
Dec 15, 2023Dec 26, 2023$0.20

See all 29 payments⁠

$10,000 in USPX 10 years ago paid $3,196 in dividends.⁠

USPX Risk

Risk pillarC41 out of 100Rank 11 of 14 in S&P 500
How much the fund’s monthly returns vary, scaled to a year.
12.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.39
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.93
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

USPX Cost

Compare USPX and SPYM

Overpaying vs SPYM, cheapest in S&P 500

$212

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • USPX 0.03%

    $638

  • SPYM 0.02% Cheapest

    $426

$10,000
30 years

Cost over time

  • USPX 0.03%
  • SPYM 0.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$200$400$600$800051015202530USPX $638SPYM $426

Year by year

YearUSPXSPYMOverpaying
10$55$37$18
20$216$144$72
30$638$426$212

Other funds in S&P 500

See others