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USPXvsDMAXETF Comparison

ETF 1

USPX

Franklin U.S. Equity Index ETF

This fund is part of

US Large Cap

+0.86%

Full USPX fund page

VS

ETF 2

DMAX

iShares Large Cap Max Buffer Dec ETF

This fund is part of

Options Strategies

+0.52%

Full DMAX fund page

Franklin U.S. Equity Index ETF (USPX) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Dec ETF (DMAX) is part of the Options Strategies segment. USPX's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, DMAX's top sector exposures are Technology, Finance and Healthcare. USPX is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.53% for DMAX. USPX is up 12.44% year-to-date (YTD) with +$199M in YTD flows. DMAX performs worse with 4.15% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of USPX and DMAX 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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USPX vs DMAX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USPX DMAX	-0.79%+0.38%	+3.91%+1.80%	+12.44%+4.15%	+17.04%+6.53%	+77.01%n/a	+76.76%n/a
Flows	USPX DMAX	+$14M-$3M	+$62M-$2M	+$199M+$50M	+$253M+$45M	+$390M-	+$1.12B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USPX DMAX	+12.12%+1.76%	+12.98%+2.23%	+15.20%n/a	+15.79%n/a
Max drawdown	USPX DMAX	-3.50%-0.44%	-9.15%-1.47%	-19.03%n/a	-24.64%n/a
Max drawdown duration	USPX DMAX	19d14d	92d44d	126dn/a	712dn/a

Trading data

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	USPX	DMAX
Last sale 9/11/2026 at 1:30 PM	$66.87	$27.73
Previous close 09/10/2026	$66.32	$27.67
Consolidated volume 09/10/2026
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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DMAX

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	USPX	DMAX
Last price	$66.87	$27.73
1D performance	+0.83%	+0.21%
AuM	$2.07 B	$136.49 M
E/R	0.03%	0.53%

Characteristics

	USPX	DMAX
Management strategy	Passive	Active
Provider	Franklin Templeton	iShares
Benchmark	Morningstar US Target Market Exposure Index	-
N° of holdings	457	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 1, 2016	December 31, 2024
ESG	No	No

More USPX data on Trackinsight

More DMAX data on Trackinsight

Exposure

Countries

USPX

USA

97.46%

Other

2.54%

DMAX

USA

101.93%

Other

-1.93%

Sectors

USPX

Technology

44.81%

Finance

14.1%

Consumer Non-Cycl.

9.03%

Healthcare

9.01%

Industrials

8.08%

Other

14.96%

DMAX

Technology

46.39%

Finance

14.53%

Healthcare

9.31%

Consumer Non-Cycl.

9.26%

Industrials

8.12%

Other

12.39%

Diversification

USPX

Total weight of top 15 holdings out of 15

43.33%

DMAX

Total weight of top 15 holdings out of 15

45.18%

Top 15 holdings

Data as of July 31, 2026

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%

ExxonMobil Holdings Corp.

1.02%

DMAX

Apple, Inc.

7.92%

NVIDIA Corp.

7.64%

Microsoft Corp.

5.42%

Amazon.com, Inc.

3.73%

Alphabet, Inc.

3.17%

Broadcom Inc.

2.97%

Alphabet, Inc.

2.55%

Meta Platforms, Inc.

1.92%

Micron Technology, Inc.

1.60%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.48%

Tesla, Inc.

1.41%

Advanced Micro Devices, Inc.

1.28%

ExxonMobil Holdings Corp.

1.05%

Frequently asked questions about USPX and DMAX

USPXvsDMAXETF Comparison

Franklin U.S. Equity Index ETF

iShares Large Cap Max Buffer Dec ETF

USPX vs DMAX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the USPX and DMAX ETFs performed in 2026?

As of September 11, 2026, USPX is up 12.44% year-to-date (YTD), while DMAX has returned 4.15%. That puts USPX better performer ahead so far this year.

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

Year-to-date, the USPX ETF saw +$199M in flows, compared to +$50M for DMAX.

Which ETF is more volatile: USPX or DMAX?

Over the past year, USPX had a volatility of 12.98%, while DMAX experienced 2.23%.

Which ETF is bigger: USPX or DMAX?

As of September 11, 2026, USPX holds $2.07 B in assets under management (AUM), while DMAX manages $136.49 M.

What sectors do the USPX and DMAX ETFs invest in?

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

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

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

Which ETF is more diversified: USPX or DMAX?

USPX holds 462 securities with 43.33% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.18%.

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