INCM vs. XLE
Compare and contrast key facts about Franklin Income Focus ETF (INCM) and Energy Select Sector SPDR Fund (XLE).
INCM and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INCM is an actively managed fund by Franklin. It was launched on Jun 6, 2023. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INCM or XLE.
Key characteristics
| INCM | XLE | |
|---|---|---|
| YTD Return | 8.79% | 6.55% |
| 1Y Return | 15.01% | -1.16% |
| Sharpe Ratio | 1.91 | -0.11 |
| Daily Std Dev | 7.80% | 18.29% |
| Max Drawdown | -6.74% | -71.54% |
| Current Drawdown | -0.29% | -9.65% |
Correlation
The correlation between INCM and XLE is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
INCM vs. XLE - Performance Comparison
In the year-to-date period, INCM achieves a 8.79% return, which is significantly higher than XLE's 6.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INCM vs. XLE - Expense Ratio Comparison
INCM has a 0.38% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
INCM vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Focus ETF (INCM) and Energy Select Sector SPDR Fund (XLE). 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.
Dividends
INCM vs. XLE - Dividend Comparison
INCM's dividend yield for the trailing twelve months is around 4.87%, more than XLE's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCM Franklin Income Focus ETF | 4.87% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 2.56% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
INCM vs. XLE - Drawdown Comparison
The maximum INCM drawdown since its inception was -6.74%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for INCM and XLE. For additional features, visit the drawdowns tool.
Volatility
INCM vs. XLE - Volatility Comparison
The current volatility for Franklin Income Focus ETF (INCM) is 1.75%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.78%. This indicates that INCM experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.