BWVTFvsUSPXETF Comparison
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iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) belongs to the Options Strategies segment. Franklin U.S. Equity Index ETF (USPX) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. BWVTF is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.03% for USPX. BWVTF is up 7.21% year-to-date (YTD) with -$126K in YTD flows. USPX performs better with 8.51% YTD performance, and +$179M in YTD flows. Run a side-by-side ETF comparison of BWVTF and USPX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BWVTF vs USPX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BWVTF USPX | +2.40%+0.76% | +5.32%+3.67% | +7.21%+8.51% | +18.07%+17.20% | +41.16%+68.94% | +48.88%+72.74% |
| Flows | BWVTF USPX | -+$29M | -+$101M | -$126K+$179M | -$841K+$297M | -$936K+$367M | -$1M+$1.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BWVTF USPX | +6.76%+13.15% | +7.57%+12.82% | +11.20%+15.18% | +12.30%+15.70% |
| Max drawdown | BWVTF USPX | -2.20%-4.54% | -5.71%-9.15% | -16.79%-19.03% | -19.88%-24.64% |
| Max drawdown duration | BWVTF USPX | 8d52d | 62d92d | 240d126d | 686d712d |
Trading data
BWVTF | USPX | |
Last sale 7/24/2026 at 1:30 PM | $64.56 | |
| Previous close 07/23/2026 | $64.51 | |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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BWVTF | USPX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
BWVTF | USPX | |
|---|---|---|
| Last price | – | $64.56 |
| 1D performance | – | +0.08% |
| AuM | $1.52 M | $1.98 B |
| E/R | 0.75% | 0.03% |
Characteristics
BWVTF | USPX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Barclays | Franklin Templeton |
| Benchmark | CBOE S&P 500 BuyWrite Index | Morningstar US Target Market Exposure Index |
| N° of holdings | 497 | 455 |
| Asset class | Alternative | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 22, 2007 | June 1, 2016 |
| ESG | No | No |
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Exposure
Countries
BWVTF
USA
98%
Other
2%
USPX
USA
97.65%
Other
2.35%
Sectors
BWVTF
Technology
45.06%
Finance
13.55%
Consumer Non-Cycl.
9.02%
Healthcare
9%
Industrials
7.93%
Other
15.44%
USPX
Technology
45.27%
Finance
13.52%
Consumer Non-Cycl.
9.09%
Healthcare
8.95%
Industrials
8%
Other
15.16%
Diversification
BWVTF
Total weight of top 15 holdings out of 15
42.81%
USPX
Total weight of top 15 holdings out of 15
42.71%
Top 15 holdings
Data as of June 30, 2026
BWVTF
NVIDIA Corp.
7.41%
Apple, Inc.
6.62%
Microsoft Corp.
4.40%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.14%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.70%
Eli Lilly & Co.
1.52%
Berkshire Hathaway, Inc.
1.45%
JPMorgan Chase & Co.
1.40%
Advanced Micro Devices, Inc.
1.35%
Johnson & Johnson
0.97%
USPX
NVIDIA Corp.
7.20%
Apple, Inc.
6.64%
Microsoft Corp.
4.42%
Amazon.com, Inc.
3.65%
Alphabet, Inc.
3.15%
Broadcom Inc.
2.71%
Alphabet, Inc.
2.52%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.71%
Eli Lilly & Co.
1.52%
Berkshire Hathaway, Inc.
1.47%
JPMorgan Chase & Co.
1.42%
Advanced Micro Devices, Inc.
1.36%
Johnson & Johnson
0.98%
Frequently asked questions about BWVTF and USPX
How have the BWVTF and USPX ETFs performed in 2026?
As of July 23, 2026, BWVTF is up 7.21% year-to-date (YTD), while USPX has returned 8.51%. That puts USPX better performer ahead so far this year.
Which ETF is attracting more investor money: BWVTF or USPX?
Year-to-date, the BWVTF ETF saw -$126K in flows, compared to +$179M for USPX.
Which ETF is more volatile: BWVTF or USPX?
Over the past year, BWVTF had a volatility of 7.57%, while USPX experienced 12.82%.
Which ETF is bigger: BWVTF or USPX?
As of July 23, 2026, BWVTF holds $1.52 M in assets under management (AUM), while USPX manages $1.98 B.
What sectors do the BWVTF and USPX ETFs invest in?
BWVTF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, USPX focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the BWVTF ETF and USPX ETF?
BWVTF top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. USPX holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: BWVTF or USPX?
BWVTF holds 504 securities with 42.81% of its assets in the top 15. USPX has 462 securities and a top 15 weight of 42.71%.
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