DRAI vs. INCM

Last updated Aug 4, 2026

DRAI (Draco Evolution AI ETF) and INCM (Franklin Income Focus ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, DRAI returned 22.27% vs 14.02% for INCM. Their 0.49 correlation means their historical movements had little consistent relationship. DRAI charges 1.50%/yr vs 0.38%/yr for INCM.

Performance

DRAI vs. INCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Draco Evolution AI ETF (DRAI) and Franklin Income Focus ETF (INCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRAI achieves a 10.27% return, which is significantly higher than INCM's 7.65% return.

DRAI

• 1D: 0.66%
• 1M: -1.47%
• 6M: 8.38%
• YTD: 10.27%
• 1Y: 22.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.64%

INCM

• 1D: 0.41%
• 1M: 0.81%
• 6M: 3.80%
• YTD: 7.65%
• 1Y: 14.02%
• 3Y*: 11.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.62%

*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)
DRAI Draco Evolution AI ETF	$26.95K	$31.20K	$111.12K
INCM Franklin Income Focus ETF	$11.73M	$12.25M	$11.49M

DRAI vs. INCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DRAI Draco Evolution AI ETF	10.27%	33.68%	-6.79%
INCM Franklin Income Focus ETF	7.65%	13.07%	2.89%

Correlation

The correlation between DRAI and INCM is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.49

Return for Risk

DRAI vs. INCM — Risk / Return Rank

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

DRAI

DRAI Risk / Return Rank: 61
DRAI Sharpe Ratio Rank: 60
DRAI Sortino Ratio Rank: 57
DRAI Omega Ratio Rank: 64
DRAI Calmar Ratio Rank: 70
DRAI Martin Ratio Rank: 53

INCM

INCM Risk / Return Rank: 93
INCM Sharpe Ratio Rank: 93
INCM Sortino Ratio Rank: 93
INCM Omega Ratio Rank: 93
INCM Calmar Ratio Rank: 92
INCM Martin Ratio Rank: 93

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.

DRAI vs. INCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Draco Evolution AI ETF (DRAI) 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.

	DRAI	INCM	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.57	-1.05
Sortino ratio: Return per unit of downside risk	2.08	3.64	-1.56
Omega ratio: Gain probability vs. loss probability	1.29	1.48	-0.19
Calmar ratio: Return relative to maximum drawdown	2.61	4.41	-1.81
Martin ratio: Return relative to average drawdown	6.49	17.73	-11.24

DRAI vs. INCM - Sharpe Ratio Comparison

The current DRAI Sharpe Ratio is 1.52, which is lower than the INCM Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of DRAI 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.

Drawdowns

DRAI vs. INCM - Drawdown Comparison

The maximum DRAI drawdown since its inception was -13.69%, which is greater than INCM's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for DRAI and INCM.

Drawdown Indicators

	DRAI	INCM	Difference
Max Drawdown Largest peak-to-trough decline	-13.69%	-7.84%	-5.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-3.19%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.84%	—
Current Drawdown Current decline from peak	-7.41%	0.00%	-7.41%
Average Drawdown Average peak-to-trough decline	-4.22%	-1.07%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	0.79%	+2.65%

Volatility

DRAI vs. INCM - Volatility Comparison

Draco Evolution AI ETF (DRAI) has a higher volatility of 2.49% compared to Franklin Income Focus ETF (INCM) at 1.48%. This indicates that DRAI'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.

Volatility by Period

	DRAI	INCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	1.48%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	4.36%	+7.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	5.50%	+9.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	7.21%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	7.21%	+9.84%

DRAI vs. INCM - Expense Ratio Comparison

DRAI has a 1.50% expense ratio, which is higher than INCM's 0.38% expense ratio.

Dividends

DRAI vs. INCM - Dividend Comparison

DRAI's dividend yield for the trailing twelve months is around 1.72%, less than INCM's 5.18% yield.

Position	TTM	2025	2024	2023
DRAI Draco Evolution AI ETF	1.72%	1.48%	2.18%	0.00%
INCM Franklin Income Focus ETF	5.18%	4.96%	5.06%	3.01%

Frequently Asked Questions

Can I hold both DRAI and INCM in my portfolio?

DRAI and INCM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRAI or INCM?

DRAI has higher volatility (2.49%) compared to INCM (1.48%). In terms of maximum drawdown, DRAI dropped -13.69% vs INCM's -7.84%.

Which ETF is better, DRAI or INCM?

On 1-year performance, DRAI leads with 22.27% vs 14.02% for INCM. On fees, INCM is cheaper at 0.38% per year. On volatility, INCM has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRAI or INCM?

Over the 1-year period, DRAI has performed better with a 22.27% return vs 14.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRAI or INCM?

INCM is cheaper with a 0.38% expense ratio, compared with 1.50% for DRAI.

Which ETF pays a higher dividend yield, DRAI or INCM?

INCM has the higher dividend yield at 5.18%, compared with 1.72% for DRAI.

What is the main difference between DRAI and INCM?

They also come from different issuers: Draco Evolution and Franklin Templeton. Their fees differ too: 1.50% for DRAI and 0.38% for INCM.

Which has better risk-adjusted returns?

INCM currently has the higher Sharpe Ratio (2.57 vs 1.52), 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.