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BMAX.TO vs. INCM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMAX.TO vs. INCM

Last updated Jun 4, 2026

BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and INCM (Franklin Income Focus ETF) are both Diversified Portfolio funds. Over the past year, BMAX.TO returned 22.18% vs 17.22% for INCM. At a 0.33 correlation, their price movements are largely independent. BMAX.TO charges 2.62%/yr vs 0.38%/yr for INCM.

Performance

BMAX.TO vs. INCM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Franklin Income Focus ETF (INCM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BMAX.TO is traded in CAD, while INCM is traded in USD. To make them comparable, the INCM values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BMAX.TO achieves a 9.27% return, which is significantly higher than INCM's 7.81% return.

BMAX.TO

1D
-0.03%
1M
4.64%
YTD
9.27%
6M
9.79%
1Y
22.18%
3Y*
18.63%
5Y*
—
10Y*
—

INCM

1D
-0.07%
1M
2.71%
YTD
7.81%
6M
6.42%
1Y
17.22%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BMAX.TO vs. INCM - Yearly Performance Comparison

2026 (YTD)202520242023
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.27%17.88%19.42%8.63%
INCM
Franklin Income Focus ETF		7.81%7.88%15.97%4.87%

Correlation

The correlation between BMAX.TO and INCM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2023

0.33

BMAX.TO vs. INCM - Sectors Allocation Comparison

Sectors
BMAX.TO
INCM

Financial Services

24.1%
8.2%

Technology

18.8%
2.4%

Healthcare

17.0%
2.6%

Industrials

13.0%
1.9%

Energy

7.0%
3.8%

Consumer Defensive

4.9%
6.7%

Utilities

4.4%
4.9%

Communication Services

4.3%
1.7%

Basic Materials

2.6%
1.9%

Consumer Cyclical

2.6%
1.5%

Real Estate

1.3%
0.0%

Financial Services

BMAX.TO
24.1%
INCM
8.2%

Technology

BMAX.TO
18.8%
INCM
2.4%

Healthcare

BMAX.TO
17.0%
INCM
2.6%

Industrials

BMAX.TO
13.0%
INCM
1.9%

Energy

BMAX.TO
7.0%
INCM
3.8%

Consumer Defensive

BMAX.TO
4.9%
INCM
6.7%

Utilities

BMAX.TO
4.4%
INCM
4.9%

Communication Services

BMAX.TO
4.3%
INCM
1.7%

Basic Materials

BMAX.TO
2.6%
INCM
1.9%

Consumer Cyclical

BMAX.TO
2.6%
INCM
1.5%

Real Estate

BMAX.TO
1.3%
INCM
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Brompton Enhanced Multi-Asset Income ETF

Franklin Income Focus ETF

Often compared with BMAX.TO:
BMAX.TO vs. HDIV.TOBMAX.TO vs. UTES.TOBMAX.TO vs. ZWQT.TOBMAX.TO vs. CLSA.TOBMAX.TO vs. BANK.TOBMAX.TO vs. HUTE.TOBMAX.TO vs. SPLT.TO
Often compared with INCM:
INCM vs. SCHDINCM vs. JEPIINCM vs. SMOTINCM vs. INKMINCM vs. SPYINCM vs. SPYGINCM vs. FLLV

Return for Risk

BMAX.TO vs. INCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMAX.TO
BMAX.TO Risk / Return Rank: 5959
Overall Rank
BMAX.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
BMAX.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
BMAX.TO Omega Ratio Rank: 6262
Omega Ratio Rank
BMAX.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
BMAX.TO Martin Ratio Rank: 5959
Martin Ratio Rank
INCM
INCM Risk / Return Rank: 8989
Overall Rank
INCM Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
INCM Sortino Ratio Rank: 9292
Sortino Ratio Rank
INCM Omega Ratio Rank: 8989
Omega Ratio Rank
INCM Calmar Ratio Rank: 8787
Calmar Ratio Rank
INCM Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMAX.TO vs. INCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Franklin Income Focus ETF (INCM). 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.

BMAX.TOINCMDifference
Sharpe ratioReturn per unit of total volatility
2.10
3.01

-0.92

Sortino ratioReturn per unit of downside risk
3.01
4.41

-1.41

Omega ratioGain probability vs. loss probability

1.38

1.58

-0.20

Calmar ratioReturn relative to maximum drawdown

2.38

6.29

-3.91

Martin ratioReturn relative to average drawdown

10.46

23.16

-12.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMAX.TO vs. INCM - Sharpe Ratio Comparison

The current BMAX.TO Sharpe Ratio is 2.10, which is lower than the INCM Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of BMAX.TO and INCM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BMAX.TOINCMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

3.01

-0.92

Sharpe Ratio (All Time)

Calculated using the full available price history

1.38

1.68

-0.30

Drawdowns

BMAX.TO vs. INCM - Drawdown Comparison

The maximum BMAX.TO drawdown since its inception was -15.42%, which is greater than INCM's maximum drawdown of -9.73%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and INCM.

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Drawdown Indicators

BMAX.TOINCMDifference

Max Drawdown

Largest peak-to-trough decline

-15.42%

-9.73%

-5.69%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-2.75%

-6.60%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

—

—

Current Drawdown

Current decline from peak

-0.96%

-0.07%

-0.89%

Average Drawdown

Average peak-to-trough decline

-1.90%

-1.27%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

0.75%

+1.38%

Volatility

BMAX.TO vs. INCM - Volatility Comparison

Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) has a higher volatility of 3.27% compared to Franklin Income Focus ETF (INCM) at 1.54%. This indicates that BMAX.TO's price experiences larger fluctuations and is considered to be riskier than INCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMAX.TOINCMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

1.54%

+1.73%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

4.42%

+4.39%

Volatility (1Y)

Calculated over the trailing 1-year period

10.62%

5.75%

+4.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

7.38%

+5.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.13%

7.38%

+5.75%

BMAX.TO vs. INCM - Expense Ratio Comparison

BMAX.TO has a 2.62% expense ratio, which is higher than INCM's 0.38% expense ratio.

Dividends

BMAX.TO vs. INCM - Dividend Comparison

BMAX.TO's dividend yield for the trailing twelve months is around 9.59%, more than INCM's 5.08% yield.

PositionTTM2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.59%9.70%9.64%9.55%2.41%
INCM
Franklin Income Focus ETF		5.08%4.96%5.06%3.01%0.00%

Frequently Asked Questions

BMAX.TO and INCM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, INCM is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

INCM is cheaper with a 0.38% expense ratio, compared with 2.62% for BMAX.TO.

They also come from different issuers: Brompton Funds and Franklin Templeton. Their fees differ too: 2.62% for BMAX.TO and 0.38% for INCM.

Portfolio Optimizer

Find the right allocation for BMAX.TO and INCM

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