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THEQvsUSPXETF Comparison

ETF 1

THEQ

T. Rowe Price Hedged Equity ETF

This fund is part of

Alternatives

+0.28%

Full THEQ fund page

VS

ETF 2

USPX

Franklin U.S. Equity Index ETF

This fund is part of

US Large Cap

+0.43%

Full USPX fund page

T. Rowe Price Hedged Equity ETF (THEQ) belongs to the Alternatives segment. Franklin U.S. Equity Index ETF (USPX) is part of the US Large Cap segment. THEQ's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, USPX's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. THEQ is more expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.03% for USPX. THEQ is up 7.56% year-to-date (YTD) with +$3M in YTD flows. USPX performs better with 12.44% YTD performance, and +$193M in YTD flows. Run a side-by-side ETF comparison of THEQ 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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THEQ vs USPX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	THEQ USPX	+0.18%+0.99%	+0.21%+0.93%	+7.56%+12.44%	+12.43%+20.25%	n/a+76.79%	n/a+74.72%
Flows	THEQ USPX	+$761K+$10M	+$4M+$62M	+$3M+$193M	+$13M+$275M	-+$377M	-+$1.12B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	THEQ USPX	+10.00%+13.78%	+9.22%+12.90%	n/a+15.20%	n/a+15.77%
Max drawdown	THEQ USPX	-3.25%-4.54%	-6.17%-9.15%	n/a-19.03%	n/a-24.64%
Max drawdown duration	THEQ USPX	62d62d	48d92d	n/a126d	n/a712d

Trading data

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	THEQ	USPX
Last sale 9/3/2026 at 4:33 PM	$30.47	$66.85
Previous close 09/02/2026	$30.21	$66.52
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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THEQ

is actively managed and doesn’t replicate an index

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	THEQ	USPX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/3/2026 at 4:33 PM

Live

Closed

	THEQ	USPX
Last price	$30.47	$66.85
1D performance	+0.85%	+0.50%
AuM	$39.12 M	$2.06 B
E/R	0.73%	0.03%

Characteristics

	THEQ	USPX
Management strategy	Active	Passive
Provider	T. Rowe Price	Franklin Templeton
Benchmark	-	Morningstar US Target Market Exposure Index
N° of holdings	349	454
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 26, 2025	June 1, 2016
ESG	No	No

More THEQ data on Trackinsight

More USPX data on Trackinsight

Exposure

Countries

THEQ

USA

91.24%

Other

8.76%

USPX

USA

96.51%

Other

3.49%

Sectors

THEQ

Technology

41.44%

Finance

13.4%

Healthcare

9.06%

Consumer Non-Cycl.

9.02%

Other

27.09%

USPX

Technology

44.87%

Finance

14.1%

Consumer Non-Cycl.

9.03%

Healthcare

9.01%

Industrials

7.91%

Other

15.08%

Diversification

THEQ

Total weight of top 15 holdings out of 15

39.16%

USPX

Total weight of top 15 holdings out of 15

43.33%

Top 15 holdings

Data as of July 31, 2026

THEQ

NVIDIA Corp.

6.66%

Apple, Inc.

6.51%

Microsoft Corp.

4.80%

Amazon.com, Inc.

3.53%

Alphabet, Inc.

2.98%

Broadcom Inc.

2.59%

Alphabet, Inc.

2.26%

Meta Platforms, Inc.

1.78%

Eli Lilly & Co.

1.25%

Mastercard, Inc.

1.22%

JPMorgan Chase & Co.

1.20%

Advanced Micro Devices, Inc.

1.16%

Tesla, Inc.

1.09%

Micron Technology, Inc.

1.08%

Cisco Systems, Inc.

1.05%

USPX

Apple, Inc.

7.82%

NVIDIA Corp.

7.29%

Microsoft Corp.

4.57%

Amazon.com, Inc.

3.60%

Alphabet, Inc.

3.02%

Broadcom Inc.

2.82%

Alphabet, Inc.

2.43%

Meta Platforms, Inc.

2.05%

Micron Technology, Inc.

1.60%

JPMorgan Chase & Co.

1.52%

Eli Lilly & Co.

1.49%

Berkshire Hathaway, Inc.

1.46%

Tesla, Inc.

1.38%

Advanced Micro Devices, Inc.

1.28%

US30233Q1085

1.02%

Frequently asked questions about THEQ and USPX

THEQvsUSPXETF Comparison

T. Rowe Price Hedged Equity ETF

Franklin U.S. Equity Index ETF

THEQ vs USPX performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the THEQ and USPX ETFs performed in 2026?

As of September 1, 2026, THEQ is up 7.56% year-to-date (YTD), while USPX has returned 12.44%. That puts USPX better performer ahead so far this year.

Which ETF is attracting more investor money: THEQ or USPX?

Year-to-date, the THEQ ETF saw +$3M in flows, compared to +$193M for USPX.

Which ETF is more volatile: THEQ or USPX?

Over the past year, THEQ had a volatility of 9.22%, while USPX experienced 12.9%.

Which ETF is bigger: THEQ or USPX?

As of September 1, 2026, THEQ holds $39.12 M in assets under management (AUM), while USPX manages $2.06 B.

What sectors do the THEQ and USPX ETFs invest in?

THEQ leans toward sectors like Technology, Finance and Healthcare. Meanwhile, USPX focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the THEQ ETF and USPX ETF?

THEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. USPX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: THEQ or USPX?

THEQ holds 355 securities with 39.16% of its assets in the top 15. USPX has 462 securities and a top 15 weight of 43.33%.

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