INCE vs TLTP
Franklin Income Equity Focus ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
INCE has a lower expense ratio. INCE delivered stronger 1-year returns. INCE offers more diversification with 97 holdings.
Side-by-Side Comparison
| Metric | INCE | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.39% | |
| AUM | $282M | $25M | |
| Dividend Yield | 4.86% | 15.05% | |
| Holdings | 97 | 5 | |
| YTD Return | +16.64% | -8.91% | |
| 1Y Return | +23.49% | -6.89% | |
| 3Y Return (annualized) | +17.60% | - | |
| 5Y Return (annualized) | +10.71% | - | |
| Volatility (annualized) | 13.8% | 8.7% | |
| Max Drawdown | -34.1% | -13.3% | |
| Fund Family | Franklin Templeton Investments (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Sep 20, 2016 | Oct 29, 2024 |
INCE vs TLTP Performance
Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year INCE returned +23.49% while TLTP returned -6.89%. Year to date, INCE is up 16.64% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
INCE has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INCE charges 0.29% per year while TLTP charges 0.39%. On a $10,000 position that is $29 vs $39 annually, a gap of $10 per year that compounds over a long holding period. On income, INCE currently yields 4.86% against 15.05% for TLTP.
Holdings Overlap
INCE and TLTP share 0 holdings out of 62 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, INCE or TLTP?
INCE has an expense ratio of 0.29% while TLTP charges 0.39%. INCE is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, INCE or TLTP?
Over the past year INCE returned +23.49% vs -6.89% for TLTP, so INCE leads on 1-year performance. Over the longest common window we track (2 years), INCE annualized +12.55% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, INCE or TLTP?
INCE has been the more volatile fund at 13.8% annualized versus 8.7% for TLTP. Worst drawdown: INCE -34.1% vs TLTP -13.3%.
Should I hold both INCE and TLTP?
INCE and TLTP have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INCE and TLTP?
INCE and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 62 unique securities.
Which pays a higher dividend, INCE or TLTP?
INCE yields 4.86% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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