AVNM vs INCE
Avantis All International Markets Equity ETF vs Franklin Income Equity Focus ETF
Quick Verdict
INCE has a lower expense ratio. AVNM delivered stronger 1-year returns. INCE offers more diversification with 97 holdings.
Side-by-Side Comparison
| Metric | AVNM | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.29% | |
| AUM | $734M | $282M | |
| Dividend Yield | 2.36% | 4.86% | |
| Holdings | 9 | 97 | |
| YTD Return | +16.39% | +16.64% | |
| 1Y Return | +29.08% | +23.49% | |
| 3Y Return (annualized) | +23.36% | +17.60% | |
| 5Y Return (annualized) | - | +10.71% | |
| Volatility (annualized) | 12.6% | 13.8% | |
| Max Drawdown | -14.0% | -34.1% | |
| Fund Family | Avantis Investors | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Sep 20, 2016 |
AVNM vs INCE Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year AVNM returned +29.08% while INCE returned +23.49%. Year to date, AVNM is up 16.39% versus a gain of 16.64% for INCE.
Over three years, AVNM compounded at +23.36% per year against +17.60% for INCE. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs +12.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INCE has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.6% for AVNM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.0% for AVNM and -34.1% for INCE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVNM charges 0.31% per year while INCE charges 0.29%. On a $10,000 position that is $31 vs $29 annually, a gap of $2 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 4.86% for INCE.
Holdings Overlap
AVNM and INCE share 0 holdings out of 67 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVNM or INCE?
AVNM has an expense ratio of 0.31% while INCE charges 0.29%. INCE is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, AVNM or INCE?
Over the past year AVNM returned +29.08% vs +23.49% for INCE, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs +12.55% for INCE. Past performance does not guarantee future results.
Which is riskier, AVNM or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs INCE -34.1%.
Should I hold both AVNM and INCE?
AVNM and INCE have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and INCE?
AVNM and INCE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 67 unique securities.
Which pays a higher dividend, AVNM or INCE?
AVNM yields 2.36% while INCE yields 4.86%, so INCE currently pays the higher dividend yield.
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