IXN vs. INCE

Last updated Jun 14, 2026

IXN (iShares Global Tech ETF) and INCE (Franklin Income Equity Focus ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while INCE is a Dividend fund actively managed by Franklin Templeton. IXN is passively managed, while INCE is actively managed. Over the past 5 years, IXN returned 21.51%/yr vs 11.19%/yr for INCE. A 0.63 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.29%/yr for INCE.

Performance

IXN vs. INCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and Franklin Income Equity Focus ETF (INCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXN achieves a 33.08% return, which is significantly higher than INCE's 13.74% return.

IXN

• 1D: 0.42%
• 1M: 3.37%
• YTD: 33.08%
• 6M: 35.17%
• 1Y: 62.93%
• 3Y*: 32.38%
• 5Y*: 21.51%
• 10Y*: 25.03%

INCE

• 1D: 0.42%
• 1M: 1.97%
• YTD: 13.74%
• 6M: 14.18%
• 1Y: 26.22%
• 3Y*: 16.84%
• 5Y*: 11.19%
• 10Y*: —

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

IXN vs. INCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXN iShares Global Tech ETF	33.08%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-5.44%	41.23%
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%

Correlation

The correlation between IXN and INCE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016	0.63

Over the past year, the correlation between IXN and INCE has dropped to 0.30 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

IXN vs. INCE - Sectors Allocation Comparison

Sectors	IXN	INCE
Technology	99.2%	10.5%
Industrials	0.2%	16.2%
Energy	0.1%	13.3%
Healthcare	0.1%	7.1%
Real Estate	0.0%	-
Basic Materials	-	7.5%
Communication Services	-	4.2%
Consumer Cyclical	-	3.7%
Consumer Defensive	-	15.5%
Financial Services	-	9.5%
Utilities	-	12.6%

Return for Risk

IXN vs. INCE — Risk / Return Rank

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

IXN

IXN Risk / Return Rank: 84
IXN Sharpe Ratio Rank: 88
IXN Sortino Ratio Rank: 80
IXN Omega Ratio Rank: 81
IXN Calmar Ratio Rank: 88
IXN Martin Ratio Rank: 83

INCE

INCE Risk / Return Rank: 92
INCE Sharpe Ratio Rank: 93
INCE Sortino Ratio Rank: 94
INCE Omega Ratio Rank: 92
INCE Calmar Ratio Rank: 91
INCE Martin Ratio Rank: 92

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.

IXN vs. INCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Franklin Income Equity Focus ETF (INCE). 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.

	IXN	INCE	Difference
Sharpe ratio: Return per unit of total volatility	2.52	3.02	-0.50
Sortino ratio: Return per unit of downside risk	3.09	4.38	-1.29
Omega ratio: Gain probability vs. loss probability	1.42	1.55	-0.14
Calmar ratio: Return relative to maximum drawdown	4.39	5.18	-0.79
Martin ratio: Return relative to average drawdown	14.35	19.39	-5.04

IXN vs. INCE - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.52, which is comparable to the INCE Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of IXN and INCE, 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

IXN vs. INCE - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than INCE's maximum drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for IXN and INCE.

Drawdown Indicators

	IXN	INCE	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-33.95%	-21.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-4.90%	-8.90%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	-14.01%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	-18.40%	-17.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	—	—
Current Drawdown Current decline from peak	-6.68%	-0.15%	-6.53%
Average Drawdown Average peak-to-trough decline	-11.26%	-3.25%	-8.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	1.31%	+2.90%

Volatility

IXN vs. INCE - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to Franklin Income Equity Focus ETF (INCE) at 2.42%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than INCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXN	INCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.01%	2.42%	+9.59%
Volatility (6M) Calculated over the trailing 6-month period	20.45%	6.07%	+14.38%
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	8.41%	+15.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.19%	13.28%	+11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.58%	15.68%	+8.90%

IXN vs. INCE - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than INCE's 0.29% expense ratio.

Dividends

IXN vs. INCE - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.78%, less than INCE's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IXN iShares Global Tech ETF	0.78%	1.04%	0.43%	0.55%	0.81%	0.58%	0.63%	1.06%	0.94%	0.93%	1.03%	1.12%

Frequently Asked Questions

Can I hold both IXN and INCE in my portfolio?

IXN and INCE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXN or INCE?

IXN has higher volatility (12.01%) compared to INCE (2.42%). In terms of maximum drawdown, IXN dropped -55.67% vs INCE's -33.95%.

Which ETF is better, IXN or INCE?

On 5-year performance, IXN leads with 21.51% vs 11.19% for INCE. On fees, INCE is cheaper at 0.29% per year. On volatility, INCE has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXN or INCE?

Over the 5-year period, IXN has performed better with a 21.51% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXN or INCE?

INCE is cheaper with a 0.29% expense ratio, compared with 0.46% for IXN.

Which ETF pays a higher dividend yield, IXN or INCE?

INCE has the higher dividend yield at 4.70%, compared with 0.78% for IXN.

What is the main difference between IXN and INCE?

IXN is categorized as Technology Equities, while INCE is Dividend. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.46% for IXN and 0.29% for INCE.

Which has better risk-adjusted returns?

INCE currently has the higher Sharpe Ratio (3.02 vs 2.52), 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.