GTOS vs INCE
Invesco Short Duration Total Return Bond ETF vs Franklin Income Equity Focus ETF
Quick Verdict
INCE has a lower expense ratio. INCE delivered stronger 1-year returns. GTOS offers more diversification with 703 holdings.
Side-by-Side Comparison
| Metric | GTOS | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.29% | |
| AUM | $124M | $282M | |
| Dividend Yield | 4.52% | 4.86% | |
| Holdings | 703 | 97 | |
| YTD Return | -0.75% | +16.64% | |
| 1Y Return | +1.23% | +23.49% | |
| 3Y Return (annualized) | +4.69% | +17.60% | |
| 5Y Return (annualized) | - | +10.71% | |
| Volatility (annualized) | 1.9% | 13.8% | |
| Max Drawdown | -1.8% | -34.1% | |
| Fund Family | Invesco (US) | Franklin Templeton Investments (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 9, 2022 | Sep 20, 2016 |
GTOS vs INCE Performance
Invesco Short Duration Total Return Bond ETF (GTOS) is a ETF from Invesco (US) and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year GTOS returned +1.23% while INCE returned +23.49%. Year to date, GTOS is down 0.75% versus a gain of 16.64% for INCE.
Over three years, GTOS compounded at +4.69% per year against +17.60% for INCE. Across the full 4-year window we track, INCE has the edge at +12.55% annualized vs +4.29%. 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 1.9% for GTOS. 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 -1.8% for GTOS 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOS charges 0.30% per year while INCE charges 0.29%. On a $10,000 position that is $30 vs $29 annually, a gap of $1 per year that compounds over a long holding period. On income, GTOS currently yields 4.52% against 4.86% for INCE.
Holdings Overlap
GTOS and INCE share 1 holdings out of 317 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GTOS | Weight in INCE | Difference |
|---|---|---|---|
| ORCLPRD | 0.05% | 0.97% | 0.92% |
Frequently Asked Questions
Which is cheaper, GTOS or INCE?
GTOS has an expense ratio of 0.30% while INCE charges 0.29%. INCE is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, GTOS or INCE?
Over the past year GTOS returned +1.23% vs +23.49% for INCE, so INCE leads on 1-year performance. Over the longest common window we track (4 years), GTOS annualized +4.29% vs +12.55% for INCE. Past performance does not guarantee future results.
Which is riskier, GTOS or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 1.9% for GTOS. Worst drawdown: GTOS -1.8% vs INCE -34.1%.
Should I hold both GTOS and INCE?
GTOS and INCE have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOS and INCE?
GTOS and INCE share 1 common holdings with a 0.1% weight overlap. Combined, they hold 317 unique securities.
Which pays a higher dividend, GTOS or INCE?
GTOS yields 4.52% while INCE yields 4.86%, so INCE currently pays the higher dividend yield.
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