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INCM vs FCEF

Franklin Income Focus ETF vs First Trust Income Opportunity ETF

INCM

Franklin Income Focus ETF

Franklin Templeton Investments

Annual cost

0.38%

Fund size

$1.5B

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

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.
  • INCM is classified as alternative, while FCEF is mixed asset — different risk/return profiles.
  • INCM follows a multi strategy strategy; FCEF uses active selection.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

INCMFCEF
Annual cost (TER)0.38%3.69%
Fund size (AUM)$1.5B$75M
Since20232016
Dividend yield5.04%6.24%
Asset classalternativemixed asset
Regionemerging markets
Strategymulti strategyactive selection
CAGR 1Y+17.4%+19.6%
CAGR 3YN/A+16.4%
CAGR 5YN/A+6.8%
Sharpe 3YN/A1.22
Volatility 1Y5.28%7.86%
Max drawdown-7.84%-44.81%

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

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