INCE vs VGI
Franklin Income Equity Focus ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
INCE has a lower expense ratio. INCE delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | INCE | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 1.74% | |
| AUM | $132M | $88M | |
| Dividend Yield | 4.82% | 11.98% | |
| Holdings | 82 | 646 | |
| YTD Return | +16.32% | +1.20% | |
| 1Y Return | +26.33% | +4.18% | |
| 3Y Return (annualized) | +16.81% | +10.88% | |
| 5Y Return (annualized) | +10.96% | +2.18% | |
| Volatility (annualized) | 13.8% | 14.1% | |
| Max Drawdown | -34.1% | -63.3% | |
| Fund Family | Franklin Templeton Investments (US) | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Sep 20, 2016 | Feb 23, 2012 |
INCE vs VGI Performance
Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US) and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year INCE returned +26.33% while VGI returned +4.18%. Year to date, INCE is up 16.32% versus a gain of 1.20% for VGI.
Over three years, INCE compounded at +16.81% per year against +10.88% for VGI; over five years the annualized figures are +10.96% and +2.18% respectively. Across the full 10-year window we track, INCE has the edge at +12.56% annualized vs -2.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -63.3% for VGI. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INCE charges 0.29% per year while VGI charges 1.74%. On a $10,000 position that is $29 vs $174 annually, a gap of $145 per year that compounds over a long holding period. On income, INCE currently yields 4.82% against 11.98% for VGI.
Holdings Overlap
INCE and VGI share 0 holdings out of 481 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 VGI?
INCE has an expense ratio of 0.29% while VGI charges 1.74%. INCE is the cheaper option. On a $10,000 investment, that is $145 per year of difference.
Which performed better, INCE or VGI?
Over the past year INCE returned +26.33% vs +4.18% for VGI, so INCE leads on 1-year performance. Over the longest common window we track (10 years), INCE annualized +12.56% vs -2.40% for VGI. Past performance does not guarantee future results.
Which is riskier, INCE or VGI?
VGI has been the more volatile fund at 14.1% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs VGI -63.3%.
Should I hold both INCE and VGI?
INCE and VGI have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INCE and VGI?
INCE and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 481 unique securities.
Which pays a higher dividend, INCE or VGI?
INCE yields 4.82% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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