HFXI vs INCE
NYLI FTSE International Equity Currency Neutral ETF vs Franklin Income Equity Focus ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | HFXI | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.29% | |
| AUM | $2.1B | $282M | |
| Dividend Yield | 3.39% | 4.86% | |
| Holdings | 876 | 97 | |
| YTD Return | +17.30% | +16.64% | |
| 1Y Return | +29.54% | +23.49% | |
| 3Y Return (annualized) | +21.69% | +17.60% | |
| 5Y Return (annualized) | +12.45% | +10.71% | |
| Volatility (annualized) | 13.8% | 13.8% | |
| Max Drawdown | -34.2% | -34.1% | |
| Fund Family | INDEXIQ ETF TRUST | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2015 | Sep 20, 2016 |
HFXI vs INCE Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year HFXI returned +29.54% while INCE returned +23.49%. Year to date, HFXI is up 17.30% versus a gain of 16.64% for INCE.
Over three years, HFXI compounded at +21.69% per year against +17.60% for INCE; over five years the annualized figures are +12.45% and +10.71% respectively. Across the full 10-year window we track, INCE has the edge at +12.55% annualized vs +7.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.8% 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 -34.2% for HFXI 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFXI charges 0.20% per year while INCE charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, HFXI currently yields 3.39% against 4.86% for INCE.
Holdings Overlap
HFXI and INCE share 1 holdings out of 800 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HFXI | Weight in INCE | Difference |
|---|---|---|---|
| AZN:LN | 0.99% | 0.65% | 0.34% |
Frequently Asked Questions
Which is cheaper, HFXI or INCE?
HFXI has an expense ratio of 0.20% while INCE charges 0.29%. HFXI is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, HFXI or INCE?
Over the past year HFXI returned +29.54% vs +23.49% for INCE, so HFXI leads on 1-year performance. Over the longest common window we track (10 years), HFXI annualized +7.92% vs +12.55% for INCE. Past performance does not guarantee future results.
Which is riskier, HFXI or INCE?
HFXI has been the more volatile fund at 13.8% annualized versus 13.8% for INCE. Worst drawdown: HFXI -34.2% vs INCE -34.1%.
Should I hold both HFXI and INCE?
HFXI and INCE have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and INCE?
HFXI and INCE share 1 common holdings with a 0.7% weight overlap. Combined, they hold 800 unique securities.
Which pays a higher dividend, HFXI or INCE?
HFXI yields 3.39% while INCE yields 4.86%, so INCE currently pays the higher dividend yield.
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