INCE vs SCHD
Franklin Income Equity Focus ETF vs Schwab US Dividend Equity ETF
Which is better, INCE or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. INCE led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.92.
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 | INCE | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $287M | $112.1B |
| Dividend Yield | 4.85% | 3.00% |
| Holdings | 97 | 103 |
| YTD Return | +13.67% | +23.46%Best |
| 1Y Return | +19.66% | +27.20%Best |
| 3Y Return (annualized) | +16.09%Best | +15.41% |
| 5Y Return (annualized) | +10.84%Best | +10.16% |
| Volatility (annualized) | 13.8%Best | 15.3% |
| Max Drawdown | -34.1% | -33.4%Best |
| $10,000 over 5 years | $16,729Best | $16,223 |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2016 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2016 to Sep 18, 2026 (10 years).
INCE vs SCHD 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 10 years both funds cover.
INCE vs SCHD Performance
Franklin Income Equity Focus ETF (INCE) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year INCE returned +19.66% while SCHD returned +27.20%. Year to date, INCE is up 13.67% versus a gain of 23.46% for SCHD.
Over three years, INCE compounded at +16.09% per year against +15.41% for SCHD; over five years the annualized figures are +10.84% and +10.16% respectively. Across the full 10-year window we track, INCE has the edge at +12.16% annualized vs +11.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -34.1% for INCE and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
INCE charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, INCE currently yields 4.85% against 3.00% for SCHD.
Holdings Overlap
At least 48.4% of SCHD's money is in holdings INCE also owns.
Stated as a floor: for INCE, our book for it covers 73.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
15 positions in common, counted across the 68 positions we hold weights for in INCE and 100 in SCHD, against full books of 97 and 103.
Top Shared Holdings
| Stock | Weight in INCE | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 3.39% | 4.02% | 0.63% |
| VZVerizon Communic | 2.59% | 3.97% | 1.38% |
| PGProcter & Gamble Company | 2.46% | 3.83% | 1.37% |
| PEPPepsico Inc. | 2.58% | 3.64% | 1.06% |
| ABTAbbott Laboratories | 1.22% | 4.69% | 3.47% |
| HDHome Depot Inc/The | 2.01% | 3.88% | 1.87% |
| KOCoca Cola Co. | 1.57% | 4.17% | 2.60% |
| MRKMerck & Company Inc | 0.47% | 4.77% | 4.30% |
| COPConocophillips Common Stock USD 0.01 | 1.16% | 3.94% | 2.78% |
| LMTLockheed Martin Corp | 2.31% | 2.78% | 0.47% |
48.4% of SCHD is already inside INCE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INCE or SCHD?
INCE has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, INCE or SCHD?
Over the past year INCE returned +19.66% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), INCE annualized +12.16% vs +11.26% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INCE or SCHD?
SCHD has been the more volatile fund at 15.3% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs SCHD -33.4%.
Should I hold both INCE and SCHD?
INCE and SCHD have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between INCE and SCHD?
At least 48.4% of SCHD's money is in holdings INCE also owns. Our book for INCE is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 68 positions we hold weights for in INCE and 100 in SCHD.
Which pays a higher dividend, INCE or SCHD?
INCE yields 4.85% while SCHD yields 3.00%, so INCE currently pays the higher dividend yield.
Is SCHD better than INCE?
SCHD has a lower expense ratio. INCE led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.