INCM vs LCR
Franklin Income Focus ETF vs Leuthold Core ETF
Which is better, INCM or LCR?
Each has led over a different period.
INCM has a lower expense ratio. INCM led over 1Y, LCR over the full window. The two have moved almost in lockstep, correlation 0.92. INCM is less concentrated, with 44.3% of the fund in its ten largest positions against 64.8%.
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 | INCM | LCR |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.83% |
| AUM | $2.0B | $64M |
| Dividend Yield | 5.26% | 1.29% |
| Holdings | 488 | 71 |
| Volatility (annualized) | 8.7%Best | 8.8% |
| Max Drawdown | -6.7% | -6.2%Best |
| $10,000 over 1.6 years | $11,478 | $11,856Best |
| Top 10 Weight | 44.3%Best | 64.8% |
| Fund Family | Franklin Templeton Investments (US) | Leuthold Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jun 6, 2023 | Jan 3, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 663 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. INCM has data through Nov 11, 2026 and LCR through Jan 17, 2025.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jun 8, 2023 to Jan 17, 2025 (1.6 years).
Risk: Volatility and Drawdowns
LCR has been the more volatile fund, with annualized monthly volatility of 8.8% compared with 8.7% for INCM. 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 -6.7% for INCM and -6.2% for LCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
INCM charges 0.38% per year while LCR charges 0.83%. On a $10,000 position that is $38 vs $83 annually, a gap of $45 per year that compounds over a long holding period. On income, INCM currently yields 5.26% against 1.29% for LCR.
Holdings Overlap
We hold position weights for 81 holdings in INCM and 33 in LCR, totalling 100.0% and 95.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 81 positions we hold weights for in INCM and 33 in LCR, against full books of 488 and 71.
What only one of them owns
Our book lists 32 positions for LCR that do not appear in our book for INCM (94.2% of the fund), and 61 for INCM that do not appear in LCR (76.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of INCM and LCR 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, INCM or LCR?
INCM has an expense ratio of 0.38% while LCR charges 0.83%. INCM is the cheaper option, by $45 a year on a $10,000 investment.
Which is riskier, INCM or LCR?
LCR has been the more volatile fund at 8.8% annualized versus 8.7% for INCM. Worst drawdown: INCM -6.7% vs LCR -6.2%.
Should I hold both INCM and LCR?
INCM and LCR have a monthly-return correlation of 0.92, 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, INCM or LCR?
INCM yields 5.26% while LCR yields 1.29%, so INCM currently pays the higher dividend yield.
Is LCR better than INCM?
INCM has a lower expense ratio. INCM led over 1Y, LCR over the full window. The two have moved almost in lockstep, correlation 0.92. INCM is less concentrated, with 44.3% of the fund in its ten largest positions against 64.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.