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SMOT vs. INCM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SMOT vs. INCM

Last updated May 20, 2025

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.

Correlation

The correlation between SMOT and INCM is 0.62, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar SMID Moat ETF (SMOT) and Franklin Income Focus ETF (INCM). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SMOT:

0.26

INCM:

0.94

Sortino Ratio

SMOT:

0.51

INCM:

1.35

Omega Ratio

SMOT:

1.07

INCM:

1.20

Calmar Ratio

SMOT:

0.23

INCM:

0.99

Martin Ratio

SMOT:

0.77

INCM:

4.29

Ulcer Index

SMOT:

6.89%

INCM:

1.80%

Daily Std Dev

SMOT:

21.59%

INCM:

8.37%

Max Drawdown

SMOT:

-23.36%

INCM:

-7.84%

Current Drawdown

SMOT:

-7.57%

INCM:

-0.46%

Returns By Period

In the year-to-date period, SMOT achieves a -0.64% return, which is significantly lower than INCM's 4.06% return.

SMOT

YTD

-0.64%

1M

13.83%

6M

-3.24%

1Y

5.58%

3Y*

N/A

5Y*

N/A

10Y*

N/A

INCM

YTD

4.06%

1M

4.64%

6M

2.04%

1Y

7.82%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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VanEck Morningstar SMID Moat ETF

Franklin Income Focus ETF

SMOT vs. INCM - Expense Ratio Comparison

SMOT has a 0.49% expense ratio, which is higher than INCM's 0.38% expense ratio.

SMOT
VanEck Morningstar SMID Moat ETF
INCM
Franklin Income Focus ETF

Risk-Adjusted Performance

SMOT vs. INCM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMOT
The Risk-Adjusted Performance Rank of SMOT is 3030
Overall Rank
The Sharpe Ratio Rank of SMOT is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of SMOT is 3030
Sortino Ratio Rank
The Omega Ratio Rank of SMOT is 2929
Omega Ratio Rank
The Calmar Ratio Rank of SMOT is 3131
Calmar Ratio Rank
The Martin Ratio Rank of SMOT is 2929
Martin Ratio Rank
INCM
The Risk-Adjusted Performance Rank of INCM is 8080
Overall Rank
The Sharpe Ratio Rank of INCM is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of INCM is 7777
Sortino Ratio Rank
The Omega Ratio Rank of INCM is 8080
Omega Ratio Rank
The Calmar Ratio Rank of INCM is 8080
Calmar Ratio Rank
The Martin Ratio Rank of INCM is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current SMOT Sharpe Ratio is 0.26, which is lower than the INCM Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of SMOT and INCM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

SMOT vs. INCM - Dividend Comparison

SMOT's dividend yield for the trailing twelve months is around 1.19%, less than INCM's 5.39% yield.

TTM202420232022
SMOT
VanEck Morningstar SMID Moat ETF		1.19%1.18%0.65%0.24%
INCM
Franklin Income Focus ETF		5.39%5.07%3.01%0.00%

Drawdowns

SMOT vs. INCM - Drawdown Comparison

The maximum SMOT drawdown since its inception was -23.36%, which is greater than INCM's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for SMOT and INCM. For additional features, visit the drawdowns tool.

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Volatility

SMOT vs. INCM - Volatility Comparison

VanEck Morningstar SMID Moat ETF (SMOT) has a higher volatility of 6.43% compared to Franklin Income Focus ETF (INCM) at 2.23%. 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.

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