FFLV vs INCE
Fidelity Fundamental Large Cap Value ETF vs Franklin Income Equity Focus ETF
Quick Verdict
INCE has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | FFLV | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.29% | |
| AUM | $16M | $132M | |
| Dividend Yield | 1.41% | 4.82% | |
| Holdings | 119 | 82 | |
| YTD Return | +18.21% | +16.32% | |
| 1Y Return | +32.01% | +26.33% | |
| 3Y Return (annualized) | - | +16.81% | |
| 5Y Return (annualized) | - | +10.96% | |
| Volatility (annualized) | 12.3% | 13.8% | |
| Max Drawdown | -16.7% | -34.1% | |
| Fund Family | Fidelity Investments (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Sep 20, 2016 |
FFLV vs INCE Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year FFLV returned +32.01% while INCE returned +26.33%. Year to date, FFLV is up 18.21% versus a gain of 16.32% for INCE.
Risk: Volatility and Drawdowns
INCE has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.3% for FFLV. 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 -16.7% for FFLV 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFLV charges 0.38% per year while INCE charges 0.29%. On a $10,000 position that is $38 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 4.82% for INCE.
Holdings Overlap
FFLV and INCE share 12 holdings out of 140 unique holdings combined, representing a 12.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or INCE?
FFLV has an expense ratio of 0.38% while INCE charges 0.29%. INCE is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FFLV or INCE?
Over the past year FFLV returned +32.01% vs +26.33% for INCE, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.65% vs +12.56% for INCE. Past performance does not guarantee future results.
Which is riskier, FFLV or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs INCE -34.1%.
Should I hold both FFLV and INCE?
FFLV and INCE have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and INCE?
FFLV and INCE share 12 common holdings with a 12.1% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, FFLV or INCE?
FFLV yields 1.41% while INCE yields 4.82%, so INCE currently pays the higher dividend yield.
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