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FCEF vs INCM

First Trust Income Opportunity ETF vs Franklin Income Focus ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

INCM

Franklin Income Focus ETF

Franklin Templeton Investments

Annual cost

0.38%

Fund size

$1.5B

Key differences

  • INCM costs 3.31% less per year.
  • INCM is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while INCM is alternative — different risk/return profiles.
  • FCEF follows a active selection strategy; INCM uses multi strategy.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCEFINCM
Annual cost (TER)3.69%0.38%
Fund size (AUM)$75M$1.5B
Since20162023
Dividend yield6.24%5.04%
Asset classmixed assetalternative
Regionemerging markets
Strategyactive selectionmulti strategy
CAGR 1Y+19.6%+17.4%
CAGR 3Y+16.4%N/A
CAGR 5Y+6.8%N/A
Sharpe 3Y1.22N/A
Volatility 1Y7.86%5.28%
Max drawdown-44.81%-7.84%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FCEF and INCM