USPXvsOVLETF Comparison
VS
Franklin U.S. Equity Index ETF (USPX) belongs to the US Large Cap segment. Overlay Shares Large Cap Equity ETF (OVL) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. USPX is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.79% for OVL. USPX is up 5.64% year-to-date (YTD) with +$98M in YTD flows. OVL performs better with 7.93% YTD performance, and +$35M in YTD flows. Run a side-by-side ETF comparison of USPX and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
USPX vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USPX OVL | +10.05%+10.53% | +3.81%+5.16% | +5.64%+7.93% | +30.05%+35.97% | +81.15%+87.16% | +76.02%+85.09% |
| Flows | USPX OVL | +$143M+$42M | +$67M+$34M | +$98M+$35M | +$314M-$3M | +$374M+$3M | +$1.02B+$20M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USPX OVL | +15.41%+17.30% | +12.56%+14.34% | +15.05%+17.05% | +15.54%+18.96% |
| Max drawdown | USPX OVL | -8.99%-8.71% | -9.15%-8.71% | -19.03%-21.55% | -24.64%-28.68% |
| Max drawdown duration | USPX OVL | 71d47d | 92d47d | 126d133d | 712d745d |
Trading data
USPX | OVL | |
Last sale 5/1/2026 at 1:30 PM | $63.00 | $55.49 |
| Previous close 04/29/2026 | $62.84 | $55.37 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
OVL
is actively managed and doesn’t replicate an indexUSPX | OVL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
USPX | OVL | |
|---|---|---|
| Last price | $63.00 | $55.49 |
| 1D performance | +0.25% | +0.22% |
| AuM | $1.85 B | $224.57 M |
| E/R | 0.03% | 0.79% |
Characteristics
USPX | OVL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Franklin Templeton | Overlay Shares |
| Benchmark | Morningstar US Target Market Exposure Index | - |
| N° of holdings | 456 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 1, 2016 | September 25, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
USPX
USA
96.94%
Other
3.06%
OVL
USA
96.79%
Other
3.21%
Sectors
USPX
Information Techn.
34.17%
Financials
10.39%
Communication Ser.
10.36%
Consumer Discreti.
9.89%
Health Care
9.43%
Industrials
8.33%
Other
17.43%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
Advertisement
Diversification
USPX
Total weight of top 15 holdings out of 15
42.33%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
USPX
NVIDIA
7.27%
APPLE
6.73%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.69%
ALPHABET INC-CL
2.96%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.58%
META PLATFORMS
2.17%
TESLA
1.90%
BERKSHIRE HATHWAY
1.58%
JPMORGAN CHASE
1.43%
LILLY
1.28%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.95%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about USPX and OVL
How have the USPX and OVL ETFs performed in 2026?
As of May 1, 2026, USPX is up 5.64% year-to-date (YTD), while OVL has returned 7.93%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: USPX or OVL?
Year-to-date, the USPX ETF saw +$98M in flows, compared to +$35M for OVL.
Which ETF is more volatile: USPX or OVL?
Over the past year, USPX had a volatility of 12.56%, while OVL experienced 14.34%.
Which ETF is bigger: USPX or OVL?
As of May 1, 2026, USPX holds $1.85 B in assets under management (AUM), while OVL manages $224.57 M.
What sectors do the USPX and OVL ETFs invest in?
USPX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the USPX ETF and OVL ETF?
USPX top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: USPX or OVL?
USPX holds 487 securities with 42.33% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
Advertisement
Advertisement
