Franklin U.S. Equity Index ETF
$67.28−0.35 (−0.52%)
- Expense ratio
- 0.03%
- Fund size
- $2.1B
- 1Y return
- +16.5%
- Yield · Last 12 months
- 1.02%
- Volume · 30D
- 0.1M sh
- NAV per share
- $67.69
- 52W range
The ETF.net USPX Grade
Score 72 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 84Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 60Category rank
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
- —
- 39%
- NVDA
Sectors
- Technology39.0%
- Financials12.1%
- Communication9.5%
- Consumer Discr.9.2%
- Health Care9.2%
- Industrials7.7%
- Cons. Staples4.4%
- Energy3.6%
- Utilities2.0%
- Real Estate1.7%
- Materials1.7%
Geography
- United States97.87%
- Ireland1.13%
- United Kingdom0.40%
- Switzerland0.28%
- Uruguay0.13%
- Netherlands0.08%
- Bermuda0.05%
- Cayman Islands0.04%
- 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.
Returns run to the Sep 22, 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 | +14.0% |
| 1 month | +1.3% |
| 3 months | +4.2% |
| 1 year | +16.5% |
| 3 years | +23.1% |
| 5 years | +12.8% |
| 10 years | +12.2% |
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 | +14.0% | |
| 2025 | +17.8% | |
| 2024 | +25.0% | |
| 2023 | +27.1% | |
| 2022 | −18.9% | |
| 2021 | +19.5% | |
| 2020 | +9.8% |
USPX in the news
ETF.net Research hasn’t filed on USPX yet — coverage lands here as it’s written.
USPX Dividends
- 1.02%
- $0.69
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Pays Sep 25, 2026 | $0.14 |
| Jun 26, 2026 | Jul 6, 2026 | $0.18 |
| Mar 20, 2026 | Mar 27, 2026 | $0.16 |
| Dec 19, 2025 | Dec 29, 2025 | $0.21 |
| Sep 19, 2025 | Sep 26, 2025 | $0.17 |
| Jun 20, 2025 | Jun 27, 2025 | $0.15 |
| Mar 21, 2025 | Mar 28, 2025 | $0.11 |
| Dec 20, 2024 | Dec 30, 2024 | $0.20 |
| Sep 20, 2024 | Sep 27, 2024 | $0.17 |
| Jun 21, 2024 | Jun 28, 2024 | $0.15 |
| Mar 15, 2024 | Mar 25, 2024 | $0.10 |
| Dec 15, 2023 | Dec 26, 2023 | $0.20 |
USPX Risk
- 13.2%
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.
- 1.17
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
- The middle half of S&P 500 funds
- Median 0.09%
1 of the 14 S&P 500 funds charge less.