BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

USPXvsSMAXETF 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

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.52%

Full SMAX fund page

Franklin U.S. Equity Index ETF (USPX) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. USPX's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX'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 SMAX. USPX is up 12.44% year-to-date (YTD) with +$199M in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of USPX and SMAX 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 SMAX performance and flow charts

Performance

Cumulative Flows

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

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USPX SMAX	-0.79%+0.51%	+3.91%+2.24%	+12.44%+5.38%	+17.04%+7.28%	+77.01%n/a	+76.76%n/a
Flows	USPX SMAX	+$14M-$1M	+$62M-$4M	+$199M-$34M	+$253M+$515K	+$390M-	+$1.12B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USPX SMAX	+12.12%+2.14%	+12.98%+2.77%	+15.20%n/a	+15.79%n/a
Max drawdown	USPX SMAX	-3.50%-0.49%	-9.15%-1.93%	-19.03%n/a	-24.64%n/a
Max drawdown duration	USPX SMAX	19d14d	92d44d	126dn/a	712dn/a

Trading data

Create an account to view trading data

Join for free

	USPX	SMAX
Last sale 9/11/2026 at 1:30 PM	$66.87	$28.33
Previous close 09/10/2026	$66.32	$28.28
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

Create an account to view replication metrics

Join for free

SMAX

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	USPX	SMAX
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	SMAX
Last price	$66.87	$28.33
1D performance	+0.83%	+0.17%
AuM	$2.07 B	$88.41 M
E/R	0.03%	0.53%

Characteristics

	USPX	SMAX
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	September 30, 2024
ESG	No	No

More USPX data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

USPX

USA

97.46%

Other

2.54%

SMAX

USA

102.01%

Other

-2.01%

Sectors

USPX

Technology

44.81%

Finance

14.1%

Consumer Non-Cycl.

9.03%

Healthcare

9.01%

Industrials

8.08%

Other

14.96%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

USPX

Total weight of top 15 holdings out of 15

43.33%

SMAX

Total weight of top 15 holdings out of 15

45.4%

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%

SMAX

Apple, Inc.

7.90%

NVIDIA Corp.

7.62%

Microsoft Corp.

5.40%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.96%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

1.91%

Micron Technology, Inc.

1.59%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.47%

BlackRock Cash Funds - Treasury

1.42%

Tesla, Inc.

1.40%

Advanced Micro Devices, Inc.

1.28%

Frequently asked questions about USPX and SMAX

USPXvsSMAXETF Comparison

Franklin U.S. Equity Index ETF

iShares Large Cap Max Buffer Sep ETF

USPX vs SMAX 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 SMAX ETFs performed in 2026?

As of September 11, 2026, USPX is up 12.44% year-to-date (YTD), while SMAX has returned 5.38%. That puts USPX better performer ahead so far this year.

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

Year-to-date, the USPX ETF saw +$199M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: USPX or SMAX?

Over the past year, USPX had a volatility of 12.98%, while SMAX experienced 2.77%.

Which ETF is bigger: USPX or SMAX?

As of September 11, 2026, USPX holds $2.07 B in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the USPX and SMAX ETFs invest in?

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

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

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

Which ETF is more diversified: USPX or SMAX?

USPX holds 462 securities with 43.33% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up