- ISIN
- US35473P4393
- Issuer
- Franklin Templeton
- Inception Date
- Jun 6, 2023
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2B
Share Price Chart
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Performance
INCM Performance Chart
Franklin Income Focus ETF (INCM) is up 5.8% since the beginning of the year. INCM is currently trading at $29 per share.
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Returns By Period
Franklin Income Focus ETF (INCM) has returned 5.80% so far this year and 14.29% over the past 12 months.
Franklin Income Focus ETF
- 1D
- -0.68%
- 1M
- -0.84%
- YTD
- 5.80%
- 6M
- 5.84%
- 1Y
- 14.29%
- 3Y*
- 10.60%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
INCM Monthly Returns History
Based on dividend-adjusted daily data since Jun 8, 2023, INCM's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 73% of months were positive and 27% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Dec 2024 at -3.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, INCM closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +3.8%, while the worst single day was Apr 4, 2025 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.50% | 2.39% | -1.93% | 2.39% | 0.80% | -1.36% | 5.80% | ||||||
| 2025 | 2.11% | 2.39% | -1.20% | -1.93% | 2.21% | 2.65% | 0.70% | 2.34% | 0.78% | 0.20% | 1.72% | 0.50% | 13.07% |
| 2024 | 0.08% | 0.03% | 2.29% | -2.04% | 2.47% | 0.36% | 3.09% | 1.83% | 1.37% | -1.28% | 2.03% | -3.43% | 6.80% |
| 2023 | 0.65% | 1.05% | -0.91% | -2.53% | -2.79% | 6.29% | 4.21% | 5.76% |
Benchmark Metrics
Franklin Income Focus ETF has an annualized alpha of 3.57%, beta of 0.34, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 08, 2023.
- This ETF participated in 48.04% of S&P 500 Index downside but only 44.76% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 may look defensive, but with R2 of 0.49 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.57%
- Beta
- 0.34
- R²
- 0.49
- Upside Capture
- 44.76%
- Downside Capture
- 48.04%
Expense Ratio
INCM has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
INCM ranks 86 for risk / return — in the top 86% 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 Focus ETF (INCM) 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.
| INCM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 2.78 | +1.71 |
| Martin ratioReturn relative to average drawdown | 18.66 | 12.44 | +6.22 |
Dividends
Dividend History
Franklin Income Focus ETF provided a 5.11% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.48 | $1.39 | $1.32 | $0.77 |
Dividend yield | 5.11% | 4.96% | 5.06% | 3.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Income 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 | $0.12 | $0.13 | $0.14 | $0.14 | $0.14 | $0.00 | $0.66 | ||||||
| 2025 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $0.10 | $0.11 | $0.13 | $0.12 | $0.13 | $0.12 | $0.13 | $1.39 |
| 2024 | $0.00 | $0.13 | $0.10 | $0.12 | $0.09 | $0.20 | $0.11 | $0.12 | $0.11 | $0.12 | $0.10 | $0.12 | $1.32 |
| 2023 | $0.08 | $0.11 | $0.14 | $0.10 | $0.12 | $0.22 | $0.77 |
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 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 Focus ETF was 7.84%, occurring on Apr 8, 2025. Recovery took 42 trading sessions.
The current Franklin Income Focus ETF drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -7.84%Apr 2025 | 1mo 6d | 2mo 2d | 3mo 8dMar 2025 - Jun 2025 |
2023 pullback2023 | -6.74%Oct 2023 | 3mo 4d | 1mo 5d | 4mo 9dJul 2023 - Dec 2023 |
2025 pullback2025 | -3.91%Jan 2025 | 1mo 9d | 1mo 10d | 2mo 19dDec 2024 - Feb 2025 |
2026 pullback2026 | -3.19%Mar 2026 | 18d | 28d | 1mo 16dMar 2026 - Apr 2026 |
2024 pullback2024 | -3.04%Apr 2024 | 15d | 29d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| INCM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.84% | -56.78% | +48.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -9.10% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -18.90% | +11.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.80% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -10.71% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.03% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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