CGVV vs. INCE

Last updated Aug 4, 2026

CGVV (Capital Group U.S. Large Value ETF) and INCE (Franklin Income Equity Focus ETF) are both exchange-traded funds - CGVV is a Large Cap Value Equities fund actively managed by Capital Group, while INCE is a Dividend fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, CGVV returned 29.35% vs 26.00% for INCE. Their 0.67 correlation means they have sometimes moved together and sometimes differently. CGVV charges 0.33%/yr vs 0.29%/yr for INCE.

Performance

CGVV vs. INCE - Performance Comparison

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

Returns By Period

In the year-to-date period, CGVV achieves a 18.48% return, which is significantly higher than INCE's 14.91% return.

CGVV

• 1D: 1.76%
• 1M: 3.35%
• 6M: 11.37%
• YTD: 18.48%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.51%

INCE

• 1D: 0.47%
• 1M: 0.96%
• 6M: 7.74%
• YTD: 14.91%
• 1Y: 26.00%
• 3Y*: 15.52%
• 5Y*: 10.49%
• 10Y*: —
• ALL TIME*: 13.06%

*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)
CGVV Capital Group U.S. Large Value ETF	$1.16M	$1.65M	$1.67M
INCE Franklin Income Equity Focus ETF	$621.36K	$657.47K	$945.62K

CGVV vs. INCE - Yearly Performance Comparison

	2026 (YTD)	2025
CGVV Capital Group U.S. Large Value ETF	18.48%	6.55%
INCE Franklin Income Equity Focus ETF	14.91%	10.30%

Correlation

The correlation between CGVV and INCE is 0.66, 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.	0.66
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.67

The correlation between CGVV and INCE has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

Return for Risk

CGVV vs. INCE — Risk / Return Rank

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

CGVV

CGVV Risk / Return Rank: 82
CGVV Sharpe Ratio Rank: 85
CGVV Sortino Ratio Rank: 84
CGVV Omega Ratio Rank: 82
CGVV Calmar Ratio Rank: 77
CGVV Martin Ratio Rank: 82

INCE

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

CGVV vs. INCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Value ETF (CGVV) 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.

	CGVV	INCE	Difference
Sharpe ratio: Return per unit of total volatility	2.13	3.09	-0.96
Sortino ratio: Return per unit of downside risk	2.96	4.48	-1.52
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.21
Calmar ratio: Return relative to maximum drawdown	2.92	5.24	-2.32
Martin ratio: Return relative to average drawdown	11.97	20.20	-8.23

CGVV vs. INCE - Sharpe Ratio Comparison

The current CGVV Sharpe Ratio is 2.13, which is lower than the INCE Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of CGVV and INCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGVV vs. INCE - Drawdown Comparison

The maximum CGVV drawdown since its inception was -10.11%, smaller than the maximum INCE drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for CGVV and INCE.

Drawdown Indicators

	CGVV	INCE	Difference
Max Drawdown Largest peak-to-trough decline	-10.11%	-33.95%	+23.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-4.90%	-5.21%
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	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-1.53%	-3.22%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	1.27%	+1.19%

Volatility

CGVV vs. INCE - Volatility Comparison

Capital Group U.S. Large Value ETF (CGVV) has a higher volatility of 3.78% compared to Franklin Income Equity Focus ETF (INCE) at 2.46%. This indicates that CGVV's price experiences larger fluctuations and is considered to be riskier than INCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGVV	INCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.46%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	6.15%	+4.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	8.40%	+5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	13.25%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.73%	15.60%	-1.87%

CGVV vs. INCE - Expense Ratio Comparison

CGVV has a 0.33% expense ratio, which is higher than INCE's 0.29% expense ratio.

Dividends

CGVV vs. INCE - Dividend Comparison

CGVV's dividend yield for the trailing twelve months is around 0.82%, less than INCE's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CGVV Capital Group U.S. Large Value ETF	0.82%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INCE Franklin Income Equity Focus ETF	4.84%	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 CGVV and INCE in my portfolio?

CGVV and INCE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGVV or INCE?

CGVV has higher volatility (3.78%) compared to INCE (2.46%). In terms of maximum drawdown, CGVV dropped -10.11% vs INCE's -33.95%.

Which ETF is better, CGVV or INCE?

On 1-year performance, CGVV leads with 29.35% vs 26.00% for INCE. On fees, INCE is cheaper at 0.29% per year. On volatility, INCE has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGVV or INCE?

Over the 1-year period, CGVV has performed better with a 29.35% return vs 26.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGVV or INCE?

INCE is cheaper with a 0.29% expense ratio, compared with 0.33% for CGVV.

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

INCE has the higher dividend yield at 4.84%, compared with 0.82% for CGVV.

What is the main difference between CGVV and INCE?

CGVV is categorized as Large Cap Value Equities, while INCE is Dividend. They also come from different issuers: Capital Group and Franklin Templeton. Their fees differ too: 0.33% for CGVV and 0.29% for INCE.

Which has better risk-adjusted returns?

INCE currently has the higher Sharpe Ratio (3.09 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.