Franklin U.S. Equity Index ETF
$68.08−0.03 (−0.05%)
- 0.03%
- $2.1B
- +20.1%
- 1.01%
- 0.1M sh
- $68.12
- low $54.99high $68.47
The ETF.net USPX Grade
A
Score 72 out of 100
- 4 of 14
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 100Rank 2 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 8 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 11 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 7 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 7 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 8 of 14
Our read on USPX
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.
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 Holdings
- Stocks
- 472
- 39%
- NVDA
Sectors
- Technology40.6%
- Financials11.2%
- Communication9.9%
- Health Care9.1%
- Consumer Discretionary8.7%
- Industrials8.0%
- Consumer Staples4.2%
- Energy3.4%
- Utilities1.9%
- Real Estate1.5%
- Materials1.5%
Geography
- United States97.89%
- Ireland1.14%
- United Kingdom0.39%
- Switzerland0.27%
- Uruguay0.13%
- Netherlands0.08%
- Cayman Islands0.05%
- Bermuda0.04%
- 0.01%
USPX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USPX$12,011
Returns run to the Oct 12, 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.
| Period | USPX |
|---|---|
| Year to date | +14.9% |
| 1 month | +2.1% |
| 3 months | +3.5% |
| 1 year | +20.1% |
| 3 years | +23.0% |
| 5 years | +13.6% |
| 10 years | +12.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USPX |
|---|---|---|
| 2026 YTD | +14.9% | |
| 2025 | +17.8% | |
| 2024 | +25.0% | |
| 2023 | +27.1% | |
| 2022 | −18.9% | |
| 2021 | +19.5% | |
| 2020 | +9.8% |
USPX in the news
USPX Dividends
- 1.01%
- $0.69
- $0.14 per share
- Quarterly
Distribution history
USPX Risk
- 12.7%
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.
- 1.35
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.
- −24.6%
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.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USPX Cost
0.03%
USPX0.03%
- The middle half of S&P 500 funds
- Median 0.09%
1 of the 14 S&P 500 funds charge less.
Other funds in S&P 500
- AIVViShares Core S&P 500 ETFExpense ratio 0.03%1 year return +20.5%
- AVOOVanguard S&P 500 ETFExpense ratio 0.03%1 year return +20.5%
- ASPYState Street SPDR S&P 500 ETFExpense ratio 0.09%1 year return +20.4%
- BSTXFStrive 500 ETFExpense ratio 0.05%1 year return +20.3%
- BRSPInvesco S&P 500 Equal Weight ETFExpense ratio 0.20%1 year return +17.0%