HUSV vs INCE
First Trust Horizon Managed Volatility Domestic ETF vs Franklin Income Equity Focus ETF
Quick Verdict
INCE has a lower expense ratio. INCE delivered stronger 1-year returns. HUSV offers more diversification with 101 holdings.
Side-by-Side Comparison
| Metric | HUSV | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.29% | |
| AUM | $74M | $132M | |
| Dividend Yield | 1.37% | 4.82% | |
| Holdings | 101 | 82 | |
| YTD Return | +7.80% | +16.39% | |
| 1Y Return | +4.95% | +26.41% | |
| 3Y Return (annualized) | +9.61% | +16.73% | |
| 5Y Return (annualized) | +5.94% | +10.89% | |
| Volatility (annualized) | 13.2% | 13.8% | |
| Max Drawdown | -35.7% | -34.1% | |
| Fund Family | First Trust Portfolios (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2016 | Sep 20, 2016 |
HUSV vs INCE Performance
First Trust Horizon Managed Volatility Domestic ETF (HUSV) is a ETF from First Trust Portfolios (US) and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year HUSV returned +4.95% while INCE returned +26.41%. Year to date, HUSV is up 7.80% versus a gain of 16.39% for INCE.
Over three years, HUSV compounded at +9.61% per year against +16.73% for INCE; over five years the annualized figures are +5.94% and +10.89% respectively. Across the full 10-year window we track, INCE has the edge at +12.56% annualized vs +8.43%. 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 13.2% for HUSV. 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 -35.7% for HUSV 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HUSV charges 0.70% per year while INCE charges 0.29%. On a $10,000 position that is $70 vs $29 annually, a gap of $41 per year that compounds over a long holding period. On income, HUSV currently yields 1.37% against 4.82% for INCE.
Holdings Overlap
HUSV and INCE share 14 holdings out of 134 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HUSV or INCE?
HUSV has an expense ratio of 0.70% while INCE charges 0.29%. INCE is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, HUSV or INCE?
Over the past year HUSV returned +4.95% vs +26.41% for INCE, so INCE leads on 1-year performance. Over the longest common window we track (10 years), HUSV annualized +8.43% vs +12.56% for INCE. Past performance does not guarantee future results.
Which is riskier, HUSV or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 13.2% for HUSV. Worst drawdown: HUSV -35.7% vs INCE -34.1%.
Should I hold both HUSV and INCE?
HUSV and INCE have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HUSV and INCE?
HUSV and INCE share 14 common holdings with a 9.6% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, HUSV or INCE?
HUSV yields 1.37% while INCE yields 4.82%, so INCE currently pays the higher dividend yield.
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