IGBH vs INCE
IGBH vs INCE
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs Franklin Income Equity Focus ETF
Quick Verdict
IGBH has a lower expense ratio. INCE delivered stronger 1-year returns. IGBH offers more diversification with 76 holdings.
Side-by-Side Comparison
| Metric | IGBH | INCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.29% | |
| AUM | $203M | $132M | |
| Dividend Yield | 5.68% | 4.82% | |
| Holdings | 4,130 | 82 | |
| YTD Return | +1.43% | +15.94% | |
| 1Y Return | +5.80% | +26.30% | |
| 3Y Return (annualized) | +7.55% | +16.63% | |
| 5Y Return (annualized) | +5.34% | +10.93% | |
| Volatility (annualized) | 7.5% | 13.8% | |
| Max Drawdown | -38.9% | -34.1% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 22, 2015 | Sep 20, 2016 |
IGBH vs INCE Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US) and Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US). Over the past year IGBH returned +5.80% while INCE returned +26.30%. Year to date, IGBH is up 1.43% versus a gain of 15.94% for INCE.
Over three years, IGBH compounded at +7.55% per year against +16.63% for INCE; over five years the annualized figures are +5.34% and +10.93% respectively. Across the full 10-year window we track, INCE has the edge at +12.53% annualized vs +2.85%. 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 7.5% for IGBH. 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 -38.9% for IGBH 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGBH charges 0.14% per year while INCE charges 0.29%. On a $10,000 position that is $14 vs $29 annually, a gap of $15 per year that compounds over a long holding period. On income, IGBH currently yields 5.68% against 4.82% for INCE.
Holdings Overlap
IGBH and INCE share 0 holdings out of 123 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IGBH or INCE?
IGBH has an expense ratio of 0.14% while INCE charges 0.29%. IGBH is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, IGBH or INCE?
Over the past year IGBH returned +5.80% vs +26.30% for INCE, so INCE leads on 1-year performance. Over the longest common window we track (10 years), IGBH annualized +2.85% vs +12.53% for INCE. Past performance does not guarantee future results.
Which is riskier, IGBH or INCE?
INCE has been the more volatile fund at 13.8% annualized versus 7.5% for IGBH. Worst drawdown: IGBH -38.9% vs INCE -34.1%.
Should I hold both IGBH and INCE?
IGBH and INCE have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGBH and INCE?
IGBH and INCE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 123 unique securities.
Which pays a higher dividend, IGBH or INCE?
IGBH yields 5.68% while INCE yields 4.82%, so IGBH currently pays the higher dividend yield.
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