DVAL vs INCE
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Franklin Income Equity Focus ETF
Which is better, DVAL or INCE?
INCE has been ahead.
INCE has a lower expense ratio. INCE led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DVAL | INCE |
|---|---|---|
| Expense Ratio | 0.49% | 0.29%Best |
| AUM | $60M | $360M |
| Dividend Yield | 5.15% | 4.98% |
| Holdings | 133 | 498 |
| Volatility (annualized) | 12.9% | 11.0%Best |
| Max Drawdown | -15.9% | -14.0%Best |
| $10,000 over 4 years | $15,775 | $17,575Best |
| Fund Family | Franklin Templeton Investments (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 27, 2006 | Sep 20, 2016 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 10 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DVAL has data through Oct 27, 2026 and INCE through Nov 6, 2026.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 31, 2022 to Oct 27, 2026 (4 years).
Risk: Volatility and Drawdowns
DVAL has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 11.0% for INCE. 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 -15.9% for DVAL and -14.0% for INCE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVAL charges 0.49% per year while INCE charges 0.29%. On a $10,000 position that is $49 vs $29 annually, a gap of $20 per year that compounds over a long holding period. On income, DVAL currently yields 5.15% against 4.98% for INCE.
Holdings Overlap
At least 9.5% of DVAL's money is in holdings INCE also owns.
Stated as a floor: for INCE, our book for it covers 57.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
DVAL and INCE share little of their money.
3 positions in common, counted across the 32 positions we hold weights for in DVAL and 256 in INCE, against full books of 133 and 498.
You are not choosing between two funds in isolation.
Whichever of DVAL and INCE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DVAL or INCE?
DVAL has an expense ratio of 0.49% while INCE charges 0.29%. INCE is the cheaper option, by $20 a year on a $10,000 investment.
Which is riskier, DVAL or INCE?
DVAL has been the more volatile fund at 12.9% annualized versus 11.0% for INCE. Worst drawdown: DVAL -15.9% vs INCE -14.0%.
Should I hold both DVAL and INCE?
DVAL and INCE have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DVAL and INCE?
At least 9.5% of DVAL's money is in holdings INCE also owns. Our book for INCE is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 32 positions we hold weights for in DVAL and 256 in INCE.
Which pays a higher dividend, DVAL or INCE?
DVAL yields 5.15% while INCE yields 4.98%, so DVAL currently pays the higher dividend yield.
Is INCE better than DVAL?
INCE has a lower expense ratio. INCE led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.