INCE vs VOO
Franklin Income Equity Focus ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. INCE delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INCE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $132M | $979.0B | |
| Dividend Yield | 4.82% | 1.09% | |
| Holdings | 82 | 509 | |
| YTD Return | +16.39% | +13.44% | |
| 1Y Return | +26.41% | +22.62% | |
| 3Y Return (annualized) | +16.73% | +21.47% | |
| 5Y Return (annualized) | +10.89% | +13.27% | |
| Volatility (annualized) | 13.8% | 14.1% | |
| Max Drawdown | -34.1% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2016 | Sep 7, 2010 |
INCE vs VOO Performance
Franklin Income Equity Focus ETF (INCE) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year INCE returned +26.41% while VOO returned +22.62%. Year to date, INCE is up 16.39% versus a gain of 13.44% for VOO.
Over three years, INCE compounded at +16.73% per year against +21.47% for VOO; over five years the annualized figures are +10.89% and +13.27% respectively. Across the full 10-year window we track, VOO has the edge at +13.55% annualized vs +12.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO 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 -34.3% for VOO. 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 0.92. 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 VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, INCE currently yields 4.82% against 1.09% for VOO.
Holdings Overlap
INCE and VOO share 38 holdings out of 514 unique holdings combined, representing a 12.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INCE or VOO?
INCE has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, INCE or VOO?
Over the past year INCE returned +26.41% vs +22.62% for VOO, so INCE leads on 1-year performance. Over the longest common window we track (10 years), INCE annualized +12.56% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, INCE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs VOO -34.3%.
Should I hold both INCE and VOO?
INCE and VOO have a monthly-return correlation of 0.92, 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 INCE and VOO?
INCE and VOO share 38 common holdings with a 12.2% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, INCE or VOO?
INCE yields 4.82% while VOO yields 1.09%, so INCE currently pays the higher dividend yield.
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