FOF vs INCM
Cohen & Steers Closed-End Opportunity Fund Inc. vs Franklin Income Focus ETF
Which is better, FOF or INCM?
Each has led over a different period.
INCM has a lower expense ratio. FOF led over 3Y and the full window, INCM over 1Y. FOF is less concentrated, with 40.7% of the fund in its ten largest positions against 44.3%.
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 | FOF | INCM |
|---|---|---|
| Expense Ratio | 0.95% | 0.38%Best |
| AUM | $352M | $2.0B |
| Dividend Yield | 8.16% | 5.26% |
| Holdings | 117 | 488 |
| YTD Return | -1.81% | +7.60%Best |
| 1Y Return | -0.40% | +9.40%Best |
| 3Y Return (annualized) | +13.27%Best | +12.15% |
| 5Y Return (annualized) | +5.28% | - |
| Volatility (annualized) | 15.8% | 7.4%Best |
| Max Drawdown | -18.6% | -7.8%Best |
| $10,000 over 3.4 years | $14,786Best | $13,810 |
| Top 10 Weight | 40.7%Best | 44.3% |
| Fund Family | Cohen & Steers Funds | Franklin Templeton Investments (US) |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Nov 20, 2006 | Jun 6, 2023 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jun 8, 2023 to Nov 12, 2026 (3.4 years).
FOF vs INCM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
FOF vs INCM Performance
Cohen & Steers Closed-End Opportunity Fund Inc. (FOF) is an ETF from Cohen & Steers Funds and Franklin Income Focus ETF (INCM) is an ETF from Franklin Templeton Investments (US). Over the past year FOF returned -0.40% while INCM returned +9.40%. Year to date, FOF is down 1.81% versus a gain of 7.60% for INCM.
Over three years, FOF compounded at +13.27% per year against +12.15% for INCM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FOF has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 7.4% for INCM. 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 -18.6% for FOF and -7.8% for INCM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
FOF charges 0.95% per year while INCM charges 0.38%. On a $10,000 position that is $95 vs $38 annually, a gap of $57 per year that compounds over a long holding period. On income, FOF currently yields 8.16% against 5.26% for INCM.
Holdings Overlap
We hold position weights for 113 holdings in FOF and 81 in INCM, totalling 98.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 108 days apart, FOF as of Jun 30, 2026 and INCM as of Oct 16, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 113 positions we hold weights for in FOF and 81 in INCM, against full books of 117 and 488.
What only one of them owns
Our book lists 61 positions for INCM that do not appear in our book for FOF (76.5% of the fund), and 106 for FOF that do not appear in INCM (89.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FOF and INCM 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, FOF or INCM?
FOF has an expense ratio of 0.95% while INCM charges 0.38%. INCM is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FOF or INCM?
Over the past year FOF returned -0.40% vs +9.40% for INCM, so INCM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FOF or INCM?
FOF has been the more volatile fund at 15.8% annualized versus 7.4% for INCM. Worst drawdown: FOF -18.6% vs INCM -7.8%.
Should I hold both FOF and INCM?
FOF and INCM have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FOF or INCM?
FOF yields 8.16% while INCM yields 5.26%, so FOF currently pays the higher dividend yield.
Is INCM better than FOF?
INCM has a lower expense ratio. FOF led over 3Y and the full window, INCM over 1Y. FOF is less concentrated, with 40.7% of the fund in its ten largest positions against 44.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.