Franklin LibertyQ Global Equity ETF (USPX) Performance
USPX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.0% since Dec 31, 2025
- 1 year
- +13.8% total return
- 5 years
- +12.2% a year
- 10 years
- +12.4% a year
- Since first price
- +12.1% a year since 2016
USPX trailing returns vs SPY, QQQ, AGG
| Period | USPX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.8% | +7.2% | +7.8% | +8.4% | −1.5% |
| YTD | +12.0% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.8% | +12.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.6%+23.3%/yr | +80.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +77.7%+12.2%/yr | +63.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +221.3%+12.4%/yr | +155.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJun 3, 2016 | +227.1%+12.1%/yr | +159.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: USPX vs SPY
From Jun 3, 2016: USPX grew to $32,709, SPY to $42,755.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USPX returns by calendar year
7 of 9 full years positive. Best 2023 (+27.1%), worst 2022 (−18.9%). 2026 is year to date.
USPX annual returns table
| Year | USPX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.0% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.8% | −19.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.0% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +27.1% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.9% | −24.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +19.5% | −6.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.7% | −31.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.6% | −5.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.8% | −16.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.8% | −2.1% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
USPX largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −31.2% | Mar 23, 2020 | Sep 2, 2020 | 2 months | 8 months |
| Dec 29, 2021 | −24.6% | Oct 14, 2022 | Dec 12, 2023 | 9 months | 2.0 years |
| Feb 19, 2025 | −19.2% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| Jan 29, 2018 | −16.4% | Dec 24, 2018 | Jun 20, 2019 | 11 months | 1.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USPX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +22.8% | +13.2% | +12.2% | +12.3% |
| Volatility (annualized) | 12.7% | 14.7% | 14.1% | 13.9% |
| Sharpe ratio | 1.36 | 0.68 | 0.73 | 0.75 |
| Sortino ratio | 2.84 | 1.09 | 1.13 | 1.15 |
| Best month | +10.5% | +10.5% | +10.7% | +10.7% |
| Worst month | −5.9% | −9.4% | −12.2% | −12.2% |
| Best 12 months | +38.3% | +38.3% | +45.3% | +45.3% |
| Worst 12 months | +8.2% | −18.9% | −18.9% | −18.9% |
| Positive months | 64% | 60% | 67% | 67% |
| Beta vs S&P 500 | 1.02 | 0.92 | 0.89 | — |
| Correlation with S&P 500 | 1.00 | 0.98 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
USPX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 113 | −18.9% | +13.8% | +45.3% | 83% |
| 3-year (a year) | 89 | +2.1% | +10.0% | +25.0% | 100% |
| 5-year (a year) | 65 | +4.2% | +11.5% | +15.9% | 100% |
| 10-year (a year) | 5 | +11.9% | +12.2% | +12.4% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
USPX performance overview
Franklin LibertyQ Global Equity ETF (USPX) returned +13.8% over the past year and +12.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +12.1% a year, turning $10,000 into about $32,709. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.2%, from Jan 17, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. USPX finished 7 of its 9 full calendar years with a gain; the best year was 2023 (+27.1%) and the worst 2022 (−18.9%). Volatility has been 13.9% a year.
Related: USPX chart, USPX holdings, USPX dividends, USPX valuation. See the USPX overview for the latest quote and fund facts.
USPX performance FAQ
What is the USPX return over the past year?
USPX returned +13.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.5%.
What is the average annual return of USPX?
USPX has returned +12.2% a year over 5 years, +12.4% a year over 10 years, +12.1% a year since June 3, 2016 (total return, distributions reinvested).
How much would $10,000 invested in USPX be worth?
$10,000 invested in USPX at its first recorded close on June 3, 2016 would be worth about $32,709 on October 23, 2026 with distributions reinvested.
What was the worst year for USPX?
The worst calendar year was 2022, with a total return of −18.9%. The best was 2023 at +27.1%.
What is the biggest drawdown of USPX?
The largest peak-to-trough decline was −31.2% between January 17, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is USPX?
Over the past 3 years USPX had an annualized volatility of 12.7% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).