EAOA vs. INCM

Last updated Jun 26, 2026

EAOA (iShares ESG Aware Aggressive Allocation ETF) and INCM (Franklin Income Focus ETF) are both Diversified Portfolio funds. EAOA is passively managed, while INCM is actively managed. Over the past 3 years, EAOA returned 16.60%/yr vs 10.74%/yr for INCM. A 0.69 correlation means they provide meaningful diversification when combined. EAOA charges 0.18%/yr vs 0.38%/yr for INCM.

Performance

EAOA vs. INCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Aggressive Allocation ETF (EAOA) 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, EAOA achieves a 8.74% return, which is significantly higher than INCM's 6.20% return.

EAOA

• 1D: 0.34%
• 1M: -0.55%
• YTD: 8.74%
• 6M: 7.93%
• 1Y: 20.90%
• 3Y*: 16.60%
• 5Y*: 8.15%
• 10Y*: —

INCM

• 1D: -0.10%
• 1M: -0.33%
• YTD: 6.20%
• 6M: 5.82%
• 1Y: 14.04%
• 3Y*: 10.74%
• 5Y*: —
• 10Y*: —

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

EAOA vs. INCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EAOA iShares ESG Aware Aggressive Allocation ETF	8.74%	18.41%	13.79%	8.93%
INCM Franklin Income Focus ETF	6.20%	13.07%	6.80%	5.76%

Correlation

The correlation between EAOA and INCM is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.69

The correlation between EAOA and INCM has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

Return for Risk

EAOA vs. INCM — Risk / Return Rank

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

EAOA

EAOA Risk / Return Rank: 64
EAOA Sharpe Ratio Rank: 65
EAOA Sortino Ratio Rank: 64
EAOA Omega Ratio Rank: 64
EAOA Calmar Ratio Rank: 60
EAOA Martin Ratio Rank: 69

INCM

INCM Risk / Return Rank: 89
INCM Sharpe Ratio Rank: 89
INCM Sortino Ratio Rank: 90
INCM Omega Ratio Rank: 89
INCM Calmar Ratio Rank: 88
INCM Martin Ratio Rank: 91

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.

EAOA vs. INCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) 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.

	EAOA	INCM	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.55	-0.71
Sortino ratio: Return per unit of downside risk	2.58	3.65	-1.07
Omega ratio: Gain probability vs. loss probability	1.34	1.48	-0.14
Calmar ratio: Return relative to maximum drawdown	2.57	4.42	-1.85
Martin ratio: Return relative to average drawdown	11.07	18.18	-7.11

EAOA vs. INCM - Sharpe Ratio Comparison

The current EAOA Sharpe Ratio is 1.84, which is comparable to the INCM Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of EAOA 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

EAOA vs. INCM - Drawdown Comparison

The maximum EAOA drawdown since its inception was -25.06%, which is greater than INCM's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for EAOA and INCM.

Drawdown Indicators

	EAOA	INCM	Difference
Max Drawdown Largest peak-to-trough decline	-25.06%	-7.84%	-17.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-3.19%	-4.98%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-7.84%	-6.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	—	—
Current Drawdown Current decline from peak	-1.78%	-0.99%	-0.79%
Average Drawdown Average peak-to-trough decline	-5.27%	-1.08%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	0.77%	+1.12%

Volatility

EAOA vs. INCM - Volatility Comparison

iShares ESG Aware Aggressive Allocation ETF (EAOA) has a higher volatility of 4.52% compared to Franklin Income Focus ETF (INCM) at 2.41%. This indicates that EAOA'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

	EAOA	INCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	2.41%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	4.28%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	5.52%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	7.27%	+6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	7.27%	+5.92%

EAOA vs. INCM - Expense Ratio Comparison

EAOA has a 0.18% expense ratio, which is lower than INCM's 0.38% expense ratio.

Dividends

EAOA vs. INCM - Dividend Comparison

EAOA's dividend yield for the trailing twelve months is around 1.97%, less than INCM's 5.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	1.97%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%
INCM Franklin Income Focus ETF	5.09%	4.96%	5.06%	3.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EAOA and INCM in my portfolio?

EAOA and INCM 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, EAOA or INCM?

EAOA has higher volatility (4.52%) compared to INCM (2.41%). In terms of maximum drawdown, EAOA dropped -25.06% vs INCM's -7.84%.

Which ETF is better, EAOA or INCM?

On 3-year performance, EAOA leads with 16.60% vs 10.74% for INCM. On fees, EAOA is cheaper at 0.18% per year. On volatility, INCM has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EAOA or INCM?

Over the 3-year period, EAOA has performed better with a 16.60% return vs 10.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAOA or INCM?

EAOA is cheaper with a 0.18% expense ratio, compared with 0.38% for INCM.

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

INCM has the higher dividend yield at 5.09%, compared with 1.97% for EAOA.

What is the main difference between EAOA and INCM?

They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.18% for EAOA and 0.38% for INCM.

Which has better risk-adjusted returns?

INCM currently has the higher Sharpe Ratio (2.55 vs 1.84), 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.