BMAX.TO vs. INCM
BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and INCM (Franklin Income Focus ETF) are both Diversified Portfolio funds. Over the past 3 years, BMAX.TO returned 19.11%/yr vs 13.69%/yr for INCM. At a 0.46 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
Loading charts...
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
The year-to-date returns for both stocks are quite close, with BMAX.TO having a 10.31% return and INCM slightly lower at 10.30%.
BMAX.TO
- 1D
- -0.26%
- 1M
- -0.02%
- YTD
- 10.31%
- 6M
- 9.34%
- 1Y
- 21.67%
- 3Y*
- 19.11%
- 5Y*
- —
- 10Y*
- —
INCM
- 1D
- 0.40%
- 1M
- 2.78%
- YTD
- 10.30%
- 6M
- 9.99%
- 1Y
- 17.98%
- 3Y*
- 13.69%
- 5Y*
- —
- 10Y*
- —
BMAX.TO vs. INCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | 10.31% | 17.88% | 19.43% | 8.54% |
INCM Franklin Income Focus ETF | 10.30% | 7.91% | 15.84% | 4.64% |
Correlation
The correlation between BMAX.TO and INCM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023 | 0.46 |
The correlation between BMAX.TO and INCM has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMAX.TO vs. INCM — Risk / Return Rank
BMAX.TO
INCM
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.
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.
| BMAX.TO | INCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 6.53 | -4.20 |
| Martin ratioReturn relative to average drawdown | 10.16 | 20.37 | -10.21 |
Loading charts...
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 -9.15%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and INCM.
Loading charts...
Drawdown Indicators
| BMAX.TO | INCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -9.15% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -2.77% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -9.15% | -6.27% |
Current DrawdownCurrent decline from peak | -1.60% | 0.00% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -1.32% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.88% | +1.26% |
Volatility
BMAX.TO vs. INCM - Volatility Comparison
Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) has a higher volatility of 3.99% compared to Franklin Income Focus ETF (INCM) at 2.66%. 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.
Loading charts...
Volatility by Period
| BMAX.TO | INCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.66% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 5.39% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 7.03% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 8.73% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 8.73% | +4.43% |
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 9.50%, more than INCM's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | 9.50% | 9.70% | 9.65% | 9.55% | 2.41% |
INCM Franklin Income Focus ETF | 5.09% | 4.96% | 5.06% | 3.01% | 0.00% |
Frequently Asked Questions
BMAX.TO and INCM have a correlation of 0.51, 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.
Find the right allocation for BMAX.TO and INCM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer