- ISIN
- US35473P5044
- CUSIP
- 35473P504
- Issuer
- Franklin Templeton
- Inception Date
- Sep 20, 2016
- Category
- Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $140M
Share Price Chart
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Performance
INCE Performance Chart
Franklin Income Equity Focus ETF (INCE) is up 11.8% since the beginning of the year. INCE is currently trading at $67 per share. Investors who bought $1,000 worth of INCE shares 5 years ago would now be looking at an investment worth $1,677.
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Returns By Period
Franklin Income Equity Focus ETF (INCE) has returned 11.76% so far this year and 24.37% over the past 12 months.
Franklin Income Equity Focus ETF
- 1D
- -0.63%
- 1M
- -0.80%
- YTD
- 11.76%
- 6M
- 11.74%
- 1Y
- 24.37%
- 3Y*
- 16.29%
- 5Y*
- 10.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
INCE Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2016, INCE's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +11.7%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, INCE closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.11% | 4.27% | -2.97% | 3.91% | 1.44% | -1.23% | 11.76% | ||||||
| 2025 | 3.78% | 1.29% | -2.26% | -4.08% | 3.78% | 4.10% | -0.35% | 4.64% | 0.20% | 0.22% | 2.26% | 1.68% | 15.92% |
| 2024 | 1.10% | 2.11% | 2.77% | -4.58% | 2.32% | 1.54% | 4.51% | 2.65% | 1.84% | -0.90% | 3.01% | -5.63% | 10.70% |
| 2023 | 3.10% | -2.82% | 2.07% | 1.31% | -2.53% | 5.51% | 2.58% | -0.92% | -4.20% | -1.81% | 7.55% | 3.94% | 13.87% |
| 2022 | -5.06% | -3.40% | 4.53% | -5.67% | 1.21% | -5.83% | 6.99% | -3.32% | -8.30% | 9.89% | 5.59% | -3.57% | -8.54% |
| 2021 | -2.90% | 1.21% | 5.56% | 4.71% | 0.68% | 1.84% | 3.30% | 1.62% | -4.61% | 5.07% | -1.26% | 6.62% | 23.36% |
Benchmark Metrics
Franklin Income Equity Focus ETF has an annualized alpha of 2.50%, beta of 0.76, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since September 22, 2016.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.60%) than losses (83.93%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.50% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.50%
- Beta
- 0.76
- R²
- 0.78
- Upside Capture
- 84.60%
- Downside Capture
- 83.93%
Expense Ratio
INCE has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
INCE ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Income Equity Focus ETF (INCE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INCE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 2.78 | +2.21 |
| Martin ratioReturn relative to average drawdown | 18.57 | 12.44 | +6.13 |
Dividends
Dividend History
Franklin Income Equity Focus ETF provided a 4.79% dividend yield over the last twelve months, with an annual payout of $3.19 per share. The fund has been increasing its distributions for 9 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.19 | $2.88 | $1.80 | $0.91 | $0.78 | $0.72 | $0.59 | $0.50 | $0.45 | $0.43 | $0.13 |
Dividend yield | 4.79% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Income Equity Focus ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.29 | $0.30 | $0.35 | $0.34 | $0.25 | $0.00 | $1.53 | ||||||
| 2025 | $0.20 | $0.24 | $0.27 | $0.23 | $0.27 | $0.24 | $0.21 | $0.27 | $0.29 | $0.22 | $0.23 | $0.22 | $2.88 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.34 | $0.17 | $0.25 | $0.20 | $0.22 | $0.23 | $0.25 | $1.80 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.40 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.27 | $0.78 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.25 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Income Equity Focus ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Income Equity Focus ETF was 33.95%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Franklin Income Equity Focus ETF drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.95%Mar 2020 | 1mo 4d | 5mo 13d | 6mo 17dFeb 2020 - Sep 2020 |
Bear market2022 | -18.40%Sep 2022 | 9mo 4d | 1y 2mo | 1y 11moDec 2021 - Nov 2023 |
Rate-hike selloffLate 2018 | -15.97%Dec 2018 | 2mo 22d | 2mo 7d | 4mo 29dOct 2018 - Mar 2019 |
2025 selloff2025 | -14.01%Apr 2025 | 4mo 12d | 2mo 23d | 7mo 5dNov 2024 - Jun 2025 |
2018 pullback2018 | -7.73%Mar 2018 | 1mo 22d | 4mo 5d | 5mo 27dJan 2018 - Jul 2018 |
Drawdown Indicators
| INCE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -56.78% | +22.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -9.10% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.01% | -18.90% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -25.43% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -10.71% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.03% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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