FLGV vs INCE
FLGV vs INCE
Franklin US Treasury Bond ETF vs Franklin Income Equity Focus ETF
Quick Verdict
FLGV has a lower expense ratio. INCE delivered stronger 1-year returns. INCE offers more diversification with 47 holdings.
Side-by-Side Comparison
| Metric | FLGV | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.29% | |
| AUM | $1.0B | $132M | |
| Dividend Yield | 4.11% | 4.82% | |
| Holdings | 47 | 82 | |
| YTD Return | -0.55% | +15.94% | |
| 1Y Return | +1.27% | +26.30% | |
| 3Y Return (annualized) | +3.06% | +16.63% | |
| 5Y Return (annualized) | -0.55% | +10.93% | |
| Volatility (annualized) | 5.0% | 13.8% | |
| Max Drawdown | -18.4% | -34.1% | |
| Fund Family | Franklin Templeton Investments (US) | Franklin Templeton Investments (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2020 | Sep 20, 2016 |
FLGV vs INCE Performance
Franklin US Treasury Bond ETF (FLGV) is a ETF from Franklin Templeton Investments (US) and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year FLGV returned +1.27% while INCE returned +26.30%. Year to date, FLGV is down 0.55% versus a gain of 15.94% for INCE.
Over three years, FLGV compounded at +3.06% per year against +16.63% for INCE; over five years the annualized figures are -0.55% and +10.93% respectively. Across the full 6-year window we track, INCE has the edge at +12.53% annualized vs -0.92%. 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 5.0% for FLGV. 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 -18.4% for FLGV 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLGV charges 0.09% per year while INCE charges 0.29%. On a $10,000 position that is $9 vs $29 annually, a gap of $20 per year that compounds over a long holding period. On income, FLGV currently yields 4.11% against 4.82% for INCE.
Holdings Overlap
FLGV and INCE share 1 holdings out of 87 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLGV | Weight in INCE | Difference |
|---|---|---|---|
| INFXX | 2.12% | 2.78% | 0.66% |
Frequently Asked Questions
Which is cheaper, FLGV or INCE?
FLGV has an expense ratio of 0.09% while INCE charges 0.29%. FLGV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, FLGV or INCE?
Over the past year FLGV returned +1.27% vs +26.30% for INCE, so INCE leads on 1-year performance. Over the longest common window we track (6 years), FLGV annualized -0.92% vs +12.53% for INCE. Past performance does not guarantee future results.
Which is riskier, FLGV or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 5.0% for FLGV. Worst drawdown: FLGV -18.4% vs INCE -34.1%.
Should I hold both FLGV and INCE?
FLGV and INCE have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLGV and INCE?
FLGV and INCE share 1 common holdings with a 2.1% weight overlap. Combined, they hold 87 unique securities.
Which pays a higher dividend, FLGV or INCE?
FLGV yields 4.11% while INCE yields 4.82%, so INCE currently pays the higher dividend yield.
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