INCE vs VYM
Franklin Income Equity Focus ETF vs Vanguard High Dividend Yield ETF
Which is better, INCE or VYM?
Each has led over a different period.
VYM has a lower expense ratio. INCE led over 1Y and the full window, VYM over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.29% | 0.04%Best |
| AUM | $290M | $81.6B |
| Dividend Yield | 4.86% | 2.24% |
| Holdings | 97 | 613 |
| YTD Return | +16.07%Best | +14.82% |
| 1Y Return | +22.31%Best | +20.84% |
| 3Y Return (annualized) | +16.74% | +18.64%Best |
| 5Y Return (annualized) | +10.72% | +12.28%Best |
| Volatility (annualized) | 13.8%Best | 14.3% |
| Max Drawdown | -34.1%Best | -35.7% |
| $10,000 over 5 years | $16,639 | $17,845Best |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2016 | Nov 10, 2006 |
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 4, 2026 (9.9 years).
INCE vs VYM 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 9.9 years both funds cover.
INCE vs VYM Performance
Franklin Income Equity Focus ETF (INCE) is an ETF from Franklin Templeton Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year INCE returned +22.31% while VYM returned +20.84%. Year to date, INCE is up 16.07% versus a gain of 14.82% for VYM.
Over three years, INCE compounded at +16.74% per year against +18.64% for VYM; over five years the annualized figures are +10.72% and +12.28% respectively. Across the full 10-year window we track, INCE has the edge at +12.44% annualized vs +10.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, INCE currently yields 4.86% against 2.24% for VYM.
Holdings Overlap
At least 37.3% of VYM's money is in holdings INCE also owns.
Stated as a floor: for INCE, our book for it covers 84.4% 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.
48 positions in common, counted across the 65 positions we hold weights for in INCE and 603 in VYM, against full books of 97 and 613.
Top Shared Holdings
| Stock | Weight in INCE | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.83% | 3.38% | 1.55% |
| CVXChevron Corp | 3.12% | 1.28% | 1.84% |
| JNJJohnson & Johnson - Common | 1.49% | 2.54% | 1.05% |
| PGProcter & Gamble Company | 2.51% | 1.42% | 1.09% |
| PEPPepsico Inc. | 2.55% | 0.77% | 1.78% |
| XOMExxon Mobil Corp. | 0.91% | 2.36% | 1.45% |
| VZVerizon Communic | 2.42% | 0.74% | 1.68% |
| HDHome Depot Inc/The | 1.55% | 1.46% | 0.09% |
| SOSouthern Co. | 2.49% | 0.45% | 2.04% |
| LMTLockheed Martin Corp | 2.44% | 0.43% | 2.01% |
37.3% of VYM 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 VYM?
INCE has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, INCE or VYM?
Over the past year INCE returned +22.31% vs +20.84% for VYM, so INCE leads on 1-year performance. Over the longest common window we track (10 years), INCE annualized +12.44% vs +10.33% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INCE or VYM?
VYM has been the more volatile fund at 14.3% annualized versus 13.8% for INCE. Worst drawdown: INCE -34.1% vs VYM -35.7%.
Should I hold both INCE and VYM?
INCE and VYM have a monthly-return correlation of 0.93, 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 VYM?
At least 37.3% of VYM's money is in holdings INCE also owns. Our book for INCE is partial, so the real figure is this or higher. They hold 48 positions in common, counted across the 65 positions we hold weights for in INCE and 603 in VYM.
Which pays a higher dividend, INCE or VYM?
INCE yields 4.86% while VYM yields 2.24%, so INCE currently pays the higher dividend yield.
Is VYM better than INCE?
VYM has a lower expense ratio. INCE led over 1Y and the full window, VYM over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.