YLDE vs. INCM

Last updated Aug 2, 2026

YLDE (ClearBridge Dividend Strategy ESG ETF) and INCM (Franklin Income Focus ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while INCM is a Diversified Portfolio fund actively managed by Franklin Templeton. Both are actively managed. Over the past 3 years, YLDE returned 14.32%/yr vs 10.54%/yr for INCM. Their 0.76 correlation means they have sometimes moved together and sometimes differently. YLDE charges 0.60%/yr vs 0.38%/yr for INCM.

Performance

YLDE vs. INCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy ESG ETF (YLDE) and Franklin Income Focus ETF (INCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YLDE achieves a 9.35% return, which is significantly higher than INCM's 7.21% return.

YLDE

• 1D: 0.07%
• 1M: 1.44%
• 6M: 6.07%
• YTD: 9.35%
• 1Y: 18.10%
• 3Y*: 14.32%
• 5Y*: 10.45%
• 10Y*: —
• ALL TIME*: 12.09%

INCM

• 1D: 0.15%
• 1M: 0.40%
• 6M: 3.59%
• YTD: 7.21%
• 1Y: 13.56%
• 3Y*: 10.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INCM Franklin Income Focus ETF	$12.53M	$12.10M	$11.59M
YLDE ClearBridge Dividend Strategy ESG ETF	$703.80K	$730.06K	$767.23K

YLDE vs. INCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YLDE ClearBridge Dividend Strategy ESG ETF	9.35%	13.09%	16.44%	9.59%
INCM Franklin Income Focus ETF	7.21%	13.07%	6.80%	5.76%

Correlation

The correlation between YLDE and INCM is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.76

The correlation between YLDE and INCM has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

Return for Risk

YLDE vs. INCM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YLDE

YLDE Risk / Return Rank: 75
YLDE Sharpe Ratio Rank: 80
YLDE Sortino Ratio Rank: 81
YLDE Omega Ratio Rank: 79
YLDE Calmar Ratio Rank: 66
YLDE Martin Ratio Rank: 69

INCM

INCM Risk / Return Rank: 92
INCM Sharpe Ratio Rank: 92
INCM Sortino Ratio Rank: 92
INCM Omega Ratio Rank: 92
INCM Calmar Ratio Rank: 92
INCM Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YLDE vs. INCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.

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.

	YLDE	INCM	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.43	-0.58
Sortino ratio: Return per unit of downside risk	2.64	3.45	-0.81
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.31	4.17	-1.86
Martin ratio: Return relative to average drawdown	8.45	16.77	-8.32

YLDE vs. INCM - Sharpe Ratio Comparison

The current YLDE Sharpe Ratio is 1.84, which is comparable to the INCM Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of YLDE and INCM, 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

YLDE vs. INCM - Drawdown Comparison

The maximum YLDE drawdown since its inception was -33.23%, which is greater than INCM's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for YLDE and INCM.

Drawdown Indicators

	YLDE	INCM	Difference
Max Drawdown Largest peak-to-trough decline	-33.23%	-7.84%	-25.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-3.19%	-4.40%
Max Drawdown (3Y) Largest decline over 3 years	-11.42%	-7.84%	-3.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.22%	—	—
Current Drawdown Current decline from peak	-0.90%	-0.05%	-0.85%
Average Drawdown Average peak-to-trough decline	-3.51%	-1.07%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	0.79%	+1.28%

Volatility

YLDE vs. INCM - Volatility Comparison

ClearBridge Dividend Strategy ESG ETF (YLDE) has a higher volatility of 3.36% compared to Franklin Income Focus ETF (INCM) at 1.54%. This indicates that YLDE'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.

Volatility by Period

	YLDE	INCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	1.54%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	4.35%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	5.52%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	7.22%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	7.22%	+8.46%

YLDE vs. INCM - Expense Ratio Comparison

YLDE has a 0.60% expense ratio, which is higher than INCM's 0.38% expense ratio.

Dividends

YLDE vs. INCM - Dividend Comparison

YLDE's dividend yield for the trailing twelve months is around 6.39%, more than INCM's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
INCM Franklin Income Focus ETF	5.21%	4.96%	5.06%	3.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YLDE ClearBridge Dividend Strategy ESG ETF	5.93%	5.68%	1.69%	1.64%	1.68%	1.15%	1.46%	1.65%	2.25%	1.31%

Frequently Asked Questions

Can I hold both YLDE and INCM in my portfolio?

YLDE and INCM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YLDE or INCM?

YLDE has higher volatility (3.36%) compared to INCM (1.54%). In terms of maximum drawdown, YLDE dropped -33.23% vs INCM's -7.84%.

Which ETF is better, YLDE or INCM?

On 3-year performance, YLDE leads with 14.32% vs 10.54% for INCM. On fees, INCM is cheaper at 0.38% per year. On volatility, INCM has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YLDE or INCM?

Over the 3-year period, YLDE has performed better with a 14.32% return vs 10.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YLDE or INCM?

INCM is cheaper with a 0.38% expense ratio, compared with 0.60% for YLDE.

Which ETF pays a higher dividend yield, YLDE or INCM?

YLDE has the higher dividend yield at 5.93%, compared with 5.21% for INCM.

What is the main difference between YLDE and INCM?

YLDE is categorized as Dividend, while INCM is Diversified Portfolio. Their fees differ too: 0.60% for YLDE and 0.38% for INCM.

Which has better risk-adjusted returns?

INCM currently has the higher Sharpe Ratio (2.43 vs 1.84), 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.