YYY vs. INCM

Last updated Jun 24, 2026

YYY (Amplify CEF High Income ETF) and INCM (Franklin Income Focus ETF) are both Diversified Portfolio funds. YYY is passively managed, while INCM is actively managed. Over the past 3 years, YYY returned 12.32%/yr vs 10.76%/yr for INCM. A 0.63 correlation means they provide meaningful diversification when combined. YYY charges 3.23%/yr vs 0.38%/yr for INCM.

Performance

YYY vs. INCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CEF High Income ETF (YYY) 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, YYY achieves a 4.69% return, which is significantly lower than INCM's 6.27% return.

YYY

• 1D: -0.16%
• 1M: -0.13%
• YTD: 4.69%
• 6M: 4.24%
• 1Y: 11.80%
• 3Y*: 12.32%
• 5Y*: 3.00%
• 10Y*: 5.72%

INCM

• 1D: 0.45%
• 1M: -0.39%
• YTD: 6.27%
• 6M: 6.27%
• 1Y: 13.86%
• 3Y*: 10.76%
• 5Y*: —
• 10Y*: —

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

YYY vs. INCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YYY Amplify CEF High Income ETF	4.69%	13.08%	11.86%	7.75%
INCM Franklin Income Focus ETF	6.27%	13.07%	6.80%	5.76%

Correlation

The correlation between YYY and INCM is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.63

The correlation between YYY and INCM has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Return for Risk

YYY vs. INCM — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 39
YYY Sharpe Ratio Rank: 40
YYY Sortino Ratio Rank: 40
YYY Omega Ratio Rank: 42
YYY Calmar Ratio Rank: 31
YYY Martin Ratio Rank: 41

INCM

INCM Risk / Return Rank: 85
INCM Sharpe Ratio Rank: 83
INCM Sortino Ratio Rank: 85
INCM Omega Ratio Rank: 83
INCM Calmar Ratio Rank: 84
INCM Martin Ratio Rank: 87

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.

YYY vs. INCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	INCM	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.52	-1.16
Sortino ratio: Return per unit of downside risk	1.96	3.60	-1.65
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.47	4.36	-2.89
Martin ratio: Return relative to average drawdown	6.33	18.05	-11.73

YYY vs. INCM - Sharpe Ratio Comparison

The current YYY Sharpe Ratio is 1.36, which is lower than the INCM Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of YYY 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

YYY vs. INCM - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, which is greater than INCM's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for YYY and INCM.

Drawdown Indicators

	YYY	INCM	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-7.84%	-34.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-3.19%	-4.88%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	-7.84%	-5.63%
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	—	—
Current Drawdown Current decline from peak	-1.08%	-0.92%	-0.16%
Average Drawdown Average peak-to-trough decline	-6.82%	-1.08%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.77%	+1.10%

Volatility

YYY vs. INCM - Volatility Comparison

Amplify CEF High Income ETF (YYY) and Franklin Income Focus ETF (INCM) have volatilities of 2.53% and 2.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YYY	INCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.44%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	4.29%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	5.58%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.37%	7.28%	+4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	7.28%	+6.61%

YYY vs. INCM - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is higher than INCM's 0.38% expense ratio.

Dividends

YYY vs. INCM - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 12.59%, more than INCM's 5.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INCM Franklin Income Focus ETF	5.09%	4.96%	5.06%	3.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YYY Amplify CEF High Income ETF	12.59%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%

Frequently Asked Questions

Can I hold both YYY and INCM in my portfolio?

YYY and INCM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YYY or INCM?

YYY has higher volatility (2.53%) compared to INCM (2.44%). In terms of maximum drawdown, YYY dropped -42.52% vs INCM's -7.84%.

Which ETF is better, YYY or INCM?

On 3-year performance, YYY leads with 12.32% vs 10.76% for INCM. On fees, INCM is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YYY or INCM?

Over the 3-year period, YYY has performed better with a 12.32% return vs 10.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YYY or INCM?

INCM is cheaper with a 0.38% expense ratio, compared with 3.23% for YYY.

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

YYY has the higher dividend yield at 12.59%, compared with 5.09% for INCM.

What is the main difference between YYY and INCM?

They also come from different issuers: Amplify and Franklin Templeton. Their fees differ too: 3.23% for YYY and 0.38% for INCM.

Which has better risk-adjusted returns?

INCM currently has the higher Sharpe Ratio (2.52 vs 1.36), 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.