INCE vs VTI
Franklin Income Equity Focus ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, INCE or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. INCE led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $287M | $666.9B |
| Dividend Yield | 4.85% | 1.03% |
| Holdings | 97 | 3,543 |
| YTD Return | +15.56%Best | +12.57% |
| 1Y Return | +21.30%Best | +17.22% |
| 3Y Return (annualized) | +16.74% | +20.87%Best |
| 5Y Return (annualized) | +10.76% | +11.86%Best |
| Volatility (annualized) | 13.8%Best | 15.8% |
| Max Drawdown | -34.1%Best | -35.0% |
| $10,000 over 5 years | $16,669 | $17,514Best |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 20, 2016 | May 24, 2001 |
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 11, 2026 (10 years).
INCE vs VTI 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 VTI Performance
Franklin Income Equity Focus ETF (INCE) is an ETF from Franklin Templeton Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year INCE returned +21.30% while VTI returned +17.22%. Year to date, INCE is up 15.56% versus a gain of 12.57% for VTI.
Over three years, INCE compounded at +16.74% per year against +20.87% for VTI; over five years the annualized figures are +10.76% and +11.86% respectively. Across the full 10-year window we track, VTI has the edge at +13.82% annualized vs +12.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 VTI 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 4.85% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 65 holdings in INCE and 2,787 in VTI, totalling 84.4% and 90.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 57 positions appear in both.
57 positions in common, counted across the 65 positions we hold weights for in INCE and 2,787 in VTI, against full books of 97 and 3,543.
Top Shared Holdings
| Stock | Weight in INCE | Weight in VTI | Difference |
|---|---|---|---|
| CVXChevron Corp. | 3.12% | 0.43% | 2.69% |
| PGProcter & Gamble Company | 2.51% | 0.47% | 2.04% |
| JPMJpmorgan Chase & Co. | 1.83% | 1.11% | 0.72% |
| GOOGAlphabet Inc | 0.60% | 2.27% | 1.67% |
| PEPPepsico Inc. | 2.55% | 0.25% | 2.30% |
| SOSouthern Co. | 2.49% | 0.15% | 2.34% |
| VZVerizon Communications, Inc. | 2.42% | 0.22% | 2.20% |
| LMTLockheed Martin Corp | 2.44% | 0.16% | 2.28% |
| JNJJohnson & Johnson | 1.49% | 0.84% | 0.65% |
| HDHome Depot Inc/The | 1.55% | 0.48% | 1.07% |
You are not choosing between two funds in isolation.
Whichever of INCE and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INCE or VTI?
INCE has an expense ratio of 0.29% while VTI charges 0.03%. VTI is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, INCE or VTI?
Over the past year INCE returned +21.30% vs +17.22% for VTI, so INCE leads on 1-year performance. Over the longest common window we track (10 years), INCE annualized +12.37% vs +13.82% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INCE or VTI?
VTI has been the more volatile fund at 15.8% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs VTI -35.0%.
Should I hold both INCE and VTI?
INCE and VTI have a monthly-return correlation of 0.91, 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.
Which pays a higher dividend, INCE or VTI?
INCE yields 4.85% while VTI yields 1.03%, so INCE currently pays the higher dividend yield.
Is VTI better than INCE?
VTI has a lower expense ratio. INCE led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.