INCE vs. ABBV
INCE (Franklin Income Equity Focus ETF) is Dividend fund actively managed by Franklin Templeton, while ABBV (AbbVie Inc.) is a stock. Over the past 5 years, INCE returned 11.19%/yr vs 18.94%/yr for ABBV. At a 0.38 correlation, their price movements are largely independent.
Performance
INCE vs. ABBV - Performance Comparison
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Returns By Period
In the year-to-date period, INCE achieves a 13.74% return, which is significantly higher than ABBV's 1.30% return.
INCE
- 1D
- 0.42%
- 1M
- 1.97%
- YTD
- 13.74%
- 6M
- 14.18%
- 1Y
- 26.22%
- 3Y*
- 16.84%
- 5Y*
- 11.19%
- 10Y*
- —
ABBV
- 1D
- 1.32%
- 1M
- 8.24%
- YTD
- 1.30%
- 6M
- 3.65%
- 1Y
- 23.06%
- 3Y*
- 22.39%
- 5Y*
- 18.94%
- 10Y*
- 19.10%
INCE vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCE Franklin Income Equity Focus ETF | 13.74% | 15.92% | 10.70% | 13.87% | -8.54% | 23.36% | 12.33% | 32.72% | -2.14% | 19.66% |
ABBV AbbVie Inc. | 1.30% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between INCE and ABBV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.38 |
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Return for Risk
INCE vs. ABBV — Risk / Return Rank
INCE
ABBV
INCE vs. ABBV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Equity Focus ETF (INCE) and AbbVie Inc. (ABBV). 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.
| INCE | ABBV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.18 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 1.29 | +3.89 |
| Martin ratioReturn relative to average drawdown | 19.39 | 2.88 | +16.51 |
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Drawdowns
INCE vs. ABBV - Drawdown Comparison
The maximum INCE drawdown since its inception was -33.95%, smaller than the maximum ABBV drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for INCE and ABBV.
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Drawdown Indicators
| INCE | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -45.09% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -17.32% | +12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.01% | -20.74% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -21.92% | +3.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.09% | — |
Current DrawdownCurrent decline from peak | -0.15% | -4.60% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -10.71% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 7.75% | -6.44% |
Volatility
INCE vs. ABBV - Volatility Comparison
The current volatility for Franklin Income Equity Focus ETF (INCE) is 2.42%, while AbbVie Inc. (ABBV) has a volatility of 6.10%. This indicates that INCE experiences smaller price fluctuations and is considered to be less risky than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INCE | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 6.10% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 17.85% | -11.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 24.31% | -15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 22.89% | -9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 25.73% | -10.05% |
Dividends
INCE vs. ABBV - Dividend Comparison
INCE's dividend yield for the trailing twelve months is around 4.70%, more than ABBV's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 2.96% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
INCE Franklin Income Equity Focus ETF | 4.70% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% | 0.00% |
Frequently Asked Questions
INCE and ABBV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABBV has higher volatility (6.10%) compared to INCE (2.42%). In terms of maximum drawdown, INCE dropped -33.95% vs ABBV's -45.09%.
INCE currently has the higher Sharpe Ratio (3.02 vs 0.92), 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.
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