SMOT vs. INCM
Compare and contrast key facts about VanEck Morningstar SMID Moat ETF (SMOT) and Franklin Income Focus ETF (INCM).
SMOT and INCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. INCM is an actively managed fund by Franklin. It was launched on Jun 6, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMOT or INCM.
Key characteristics
| SMOT | INCM | |
|---|---|---|
| YTD Return | 8.22% | 8.79% |
| 1Y Return | 17.94% | 15.01% |
| Sharpe Ratio | 1.08 | 1.91 |
| Daily Std Dev | 16.52% | 7.80% |
| Max Drawdown | -17.29% | -6.74% |
| Current Drawdown | -0.41% | -0.29% |
Correlation
The correlation between SMOT and INCM is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SMOT vs. INCM - Performance Comparison
In the year-to-date period, SMOT achieves a 8.22% return, which is significantly lower than INCM's 8.79% 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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SMOT vs. INCM - Expense Ratio Comparison
SMOT has a 0.49% expense ratio, which is higher than INCM's 0.38% expense ratio.
Risk-Adjusted Performance
SMOT vs. INCM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) 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.
Dividends
SMOT vs. INCM - Dividend Comparison
SMOT's dividend yield for the trailing twelve months is around 0.60%, less than INCM's 4.87% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | 0.60% | 0.65% | 0.24% |
INCM Franklin Income Focus ETF | 4.87% | 3.01% | 0.00% |
Drawdowns
SMOT vs. INCM - Drawdown Comparison
The maximum SMOT drawdown since its inception was -17.29%, which is greater than INCM's maximum drawdown of -6.74%. Use the drawdown chart below to compare losses from any high point for SMOT and INCM. For additional features, visit the drawdowns tool.
Volatility
SMOT vs. INCM - Volatility Comparison
VanEck Morningstar SMID Moat ETF (SMOT) has a higher volatility of 4.21% compared to Franklin Income Focus ETF (INCM) at 1.75%. This indicates that SMOT'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.