USPXvsHCMTETF Comparison
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Franklin U.S. Equity Index ETF (USPX) belongs to the US Large Cap segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. USPX is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 1.18% for HCMT. USPX is up 12.44% year-to-date (YTD) with +$199M in YTD flows. HCMT performs worse with 7.06% YTD performance, and -$22M in YTD flows. Run a side-by-side ETF comparison of USPX and HCMT 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 HCMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USPX HCMT | -0.79%-1.25% | +3.91%+2.02% | +12.44%+7.06% | +17.04%+15.07% | +77.01%+63.59% | +76.76%n/a |
| Flows | USPX HCMT | +$14M-$5M | +$62M-$13M | +$199M-$22M | +$253M-$15M | +$390M+$229M | +$1.12B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USPX HCMT | +12.12%+33.24% | +12.98%+28.50% | +15.20%+29.47% | +15.79%n/a |
| Max drawdown | USPX HCMT | -3.50%-14.82% | -9.15%-15.61% | -19.03%-36.18% | -24.64%n/a |
| Max drawdown duration | USPX HCMT | 19d58d | 92d101d | 126d246d | 712dn/a |
Trading data
USPX | HCMT | |
Last sale 9/14/2026 at 1:30 PM | $66.50 | $40.50 |
| Previous close 09/11/2026 | $66.87 | $41.14 |
| Consolidated volume 09/11/2026 | ||
| 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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HCMT
is actively managed and doesn’t replicate an indexUSPX | HCMT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
USPX | HCMT | |
|---|---|---|
| Last price | $66.50 | $40.50 |
| 1D performance | -0.56% | -1.56% |
| AuM | $2.07 B | $594.89 M |
| E/R | 0.03% | 1.18% |
Characteristics
USPX | HCMT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Franklin Templeton | Direxion |
| Benchmark | Morningstar US Target Market Exposure Index | - |
| N° of holdings | 457 | 500 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 1, 2016 | June 22, 2023 |
| ESG | No | No |
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Exposure
Countries
USPX
USA
97.46%
Other
2.54%
HCMT
USA
82.72%
Other
17.28%
Sectors
USPX
Technology
44.81%
Finance
14.1%
Consumer Non-Cycl.
9.03%
Healthcare
9.01%
Industrials
8.08%
Other
14.96%
HCMT
Technology
37.93%
Finance
11.79%
Consumer Non-Cycl.
7.98%
Healthcare
7.54%
Other
34.76%
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Diversification
USPX
Total weight of top 15 holdings out of 15
43.33%
HCMT
Total weight of top 15 holdings out of 15
37.35%
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%
HCMT
NVIDIA Corp.
6.40%
Apple, Inc.
5.98%
Microsoft Corp.
4.55%
Amazon.com, Inc.
3.50%
Alphabet, Inc.
2.75%
Broadcom Inc.
2.43%
Alphabet, Inc.
2.22%
Meta Platforms, Inc.
1.61%
JPMorgan Chase & Co.
1.24%
Berkshire Hathaway, Inc.
1.23%
Micron Technology, Inc.
1.22%
Eli Lilly & Co.
1.20%
Tesla, Inc.
1.15%
Advanced Micro Devices, Inc.
1.02%
ExxonMobil Holdings Corp.
0.85%
Frequently asked questions about USPX and HCMT
How have the USPX and HCMT ETFs performed in 2026?
As of September 11, 2026, USPX is up 12.44% year-to-date (YTD), while HCMT has returned 7.06%. That puts USPX better performer ahead so far this year.
Which ETF is attracting more investor money: USPX or HCMT?
Year-to-date, the USPX ETF saw +$199M in flows, compared to -$22M for HCMT.
Which ETF is more volatile: USPX or HCMT?
Over the past year, USPX had a volatility of 12.98%, while HCMT experienced 28.5%.
Which ETF is bigger: USPX or HCMT?
As of September 11, 2026, USPX holds $2.07 B in assets under management (AUM), while HCMT manages $594.89 M.
What sectors do the USPX and HCMT ETFs invest in?
USPX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the USPX ETF and HCMT ETF?
USPX top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: USPX or HCMT?
USPX holds 462 securities with 43.33% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.
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Latest news about USPX & HCMT
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