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ETFs

Franklin U.S. Equity Index ETF

USPX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 01 2016
Expense Ratio
0.03%
Type
US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$3,491,003
AUM
$820,552,000
Associated Index
Morningstar US Target Market Exposure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.81%
MSFT
Microsoft Corporation
6.23%
AMZN
Amazon.com Inc.
3.11%
NVDA
NVIDIA Corp
2.72%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.05%
TSLA
Tesla Inc
1.79%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.76%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.76%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.74%
UNH
Unitedhealth Group Inc
1.24%
Invest with USPX

What is USPX?

Franklin U.S. Equity Index ETF (USPX) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Target Market Exposure Index (the Underlying Index). The Underlying Index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc. The Underlying Index targets large- and mid-capitalization U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization.

ETFs related toUSPX

ETFs correlated to USPX include DECZ, IYY, GAUG

USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSPX

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USPX using Composer

FAQ

USPX is a US Equities ETF. Franklin U.S. Equity Index ETF (USPX) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Target Market Exposure Index (the Underlying Index). The Underlying Index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc. The Underlying Index targets large- and mid-capitalization U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization.

USPX tracks the Morningstar US Target Market Exposure Index.

No, USPX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USPX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USPX is -0.008%. This is the percent change in the value of USPX over the most recent 1-month period. The 3-month return on USPX is 0.0016%. This is the percent change in the value of USPX over the most recent 3-month period.

The standard deviation of USPX for the past year is 0.1862%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USPX include BBUS, IVV, and MDY.

ETFs correlated to USPX include DECZ, IYY, and GAUG.

ETFs that are inversely correlated to USPX include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.