BLCV vs. INCE

Last updated Aug 6, 2026

BLCV (Blackrock Large Cap Value ETF) and INCE (Franklin Income Equity Focus ETF) are both exchange-traded funds - BLCV is a Large Cap Value Equities fund actively managed by BlackRock, while INCE is a Dividend fund actively managed by Franklin Templeton. Both are actively managed. Their correlation of 0.82 means they have usually moved in the same direction. BLCV charges 0.55%/yr vs 0.29%/yr for INCE.

Performance

BLCV vs. INCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Large Cap Value ETF (BLCV) and Franklin Income Equity Focus ETF (INCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLCV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

INCE

• 1D: -0.13%
• 1M: 2.10%
• 6M: 7.42%
• YTD: 16.28%
• 1Y: 26.49%
• 3Y*: 16.56%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 13.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INCE Franklin Income Equity Focus ETF	$14.28M	$6.88M	$3.19M

BLCV vs. INCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLCV Blackrock Large Cap Value ETF	6.47%	19.96%	12.63%	14.56%
INCE Franklin Income Equity Focus ETF	16.28%	15.92%	10.70%	10.85%

Correlation

The correlation between BLCV and INCE is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since May 23, 2023	0.82

The correlation between BLCV and INCE shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

BLCV vs. INCE - Sectors Allocation Comparison

Sectors	BLCV	INCE
Technology	17.8%	3.6%
Financial Services	16.5%	13.3%
Healthcare	14.4%	7.0%
Consumer Cyclical	14.0%	3.1%
Industrials	10.6%	8.9%
Consumer Defensive	6.4%	9.3%
Energy	5.4%	5.6%
Communication Services	4.9%	2.4%
Utilities	4.3%	6.8%
Real Estate	2.6%	-
Basic Materials	2.3%	2.7%

Return for Risk

BLCV vs. INCE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

INCE

INCE Risk / Return Rank: 95
INCE Sharpe Ratio Rank: 96
INCE Sortino Ratio Rank: 96
INCE Omega Ratio Rank: 95
INCE Calmar Ratio Rank: 94
INCE Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLCV vs. INCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and Franklin Income Equity Focus ETF (INCE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BLCV	INCE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.20	—
Sortino ratio: Return per unit of downside risk	—	4.63	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	5.43	—
Martin ratio: Return relative to average drawdown	—	20.94	—

Drawdowns

Drawdown Indicators

	BLCV	INCE	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.40%	—
Current Drawdown Current decline from peak	—	-0.13%	—
Average Drawdown Average peak-to-trough decline	—	-3.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.27%	—

Volatility

Volatility by Period

	BLCV	INCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.59%	—

BLCV vs. INCE - Expense Ratio Comparison

BLCV has a 0.55% expense ratio, which is higher than INCE's 0.29% expense ratio.

Dividends

BLCV vs. INCE - Dividend Comparison

BLCV has not paid dividends to shareholders, while INCE's dividend yield for the trailing twelve months is around 4.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BLCV Blackrock Large Cap Value ETF	1.01%	1.37%	1.63%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INCE Franklin Income Equity Focus ETF	4.78%	4.71%	3.25%	1.75%	1.68%	1.41%	1.40%	1.31%	1.55%	1.44%	0.50%

Frequently Asked Questions

Can I hold both BLCV and INCE in my portfolio?

BLCV and INCE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLCV or INCE?

On fees, INCE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLCV or INCE?

INCE is cheaper with a 0.29% expense ratio, compared with 0.55% for BLCV.

Which ETF pays a higher dividend yield, BLCV or INCE?

INCE has the higher dividend yield at 4.78%, compared with 1.01% for BLCV.

What is the main difference between BLCV and INCE?

BLCV is categorized as Large Cap Value Equities, while INCE is Dividend. They also come from different issuers: BlackRock and Franklin Templeton. Their fees differ too: 0.55% for BLCV and 0.29% for INCE.