DRAI vs. INCM

Last updated Apr 5, 2026

Compare and contrast key facts about Draco Evolution AI ETF (DRAI) and Franklin Income Focus ETF (INCM).

DRAI and INCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRAI is an actively managed fund by Draco Evolution. It was launched on Jul 9, 2024. INCM is an actively managed fund by Franklin Templeton. It was launched on Jun 6, 2023.

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 -3.21% return, which is significantly lower than INCM's 4.07% return.

DRAI

• 1D: 0.03%
• 1M: -1.94%
• YTD: -3.21%
• 6M: -0.09%
• 1Y: 35.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INCM

• 1D: 0.28%
• 1M: -0.75%
• YTD: 4.07%
• 6M: 6.29%
• 1Y: 19.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAI vs. INCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DRAI Draco Evolution AI ETF	-3.21%	33.68%	-7.70%
INCM Franklin Income Focus ETF	4.07%	13.07%	2.38%

Correlation

The correlation between DRAI and INCM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

DRAI vs. INCM - Expense Ratio Comparison

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

DRAI

Draco Evolution AI ETF

INCM

Franklin Income Focus ETF

Return for Risk

DRAI vs. INCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRAI

DRAI Risk / Return Rank: 89
DRAI Sharpe Ratio Rank: 89
DRAI Sortino Ratio Rank: 92
DRAI Omega Ratio Rank: 89
DRAI Calmar Ratio Rank: 93
DRAI Martin Ratio Rank: 84

INCM

INCM Risk / Return Rank: 80
INCM Sharpe Ratio Rank: 83
INCM Sortino Ratio Rank: 85
INCM Omega Ratio Rank: 89
INCM Calmar Ratio Rank: 64
INCM Martin Ratio Rank: 79

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.

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.

	DRAI	INCM	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.71	+0.26
Sortino ratio Return per unit of downside risk	2.81	2.40	+0.42
Omega ratio Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio Return relative to maximum drawdown	4.26	2.03	+2.24
Martin ratio Return relative to average drawdown	11.67	10.52	+1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRAI vs. INCM - Sharpe Ratio Comparison

The current DRAI Sharpe Ratio is 1.96, which is comparable to the INCM Sharpe Ratio of 1.71. 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.

Sharpe Ratios by Period

	DRAI	INCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.71	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.46	-0.80

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	-7.22%	-3.19%	-4.03%
Current Drawdown Current decline from peak	-5.98%	-1.80%	-4.18%
Average Drawdown Average peak-to-trough decline	-4.37%	-1.13%	-3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	1.32%	+1.32%

Volatility

DRAI vs. INCM - Volatility Comparison

Draco Evolution AI ETF (DRAI) has a higher volatility of 2.42% compared to Franklin Income Focus ETF (INCM) at 2.01%. 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	2.42%	2.01%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	3.81%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	8.11%	+7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	7.32%	+9.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	7.32%	+9.24%

Dividends

DRAI vs. INCM - Dividend Comparison

DRAI's dividend yield for the trailing twelve months is around 1.59%, less than INCM's 5.05% yield.

	TTM	2025	2024	2023
DRAI Draco Evolution AI ETF	1.59%	1.48%	2.18%	0.00%
INCM Franklin Income Focus ETF	5.05%	4.96%	5.06%	3.01%