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PVAL vs INCE

Putnam Focused Large Cap Value ETF vs Franklin Income Equity Focus ETF

PVAL

Putnam Focused Large Cap Value ETF

Annual cost

0.55%

Fund size

$11.1B

INCE

Franklin Income Equity Focus ETF

Annual cost

0.29%

Fund size

$128M

Key differences

PVAL is an equity ETF, while INCE is an alternative ETF. PVAL charges 0.55% a year and INCE 0.29%.

  • PVAL is an equity fund, while INCE is an alternative fund. They carry different risk/return profiles.
  • PVAL follows a active selection strategy; INCE uses option income.
  • INCE costs 0.26% less per year.
  • PVAL is much larger than INCE. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, PVAL has delivered higher annualized returns.
  • INCE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PVALINCE
Annual cost (TER)0.55%0.29%
Fund size (AUM)$11.1B$128M
Since20212016
Dividend yield0.98%4.73%
Asset classequityalternative
Regionnorth americanorth america
Strategyactive selectionoption income
CAGR 1Y+32.3%+26.2%
CAGR 3Y+24.7%+17.6%
CAGR 5Y+16.0%+11.1%
Sharpe 3Y1.441.19
Volatility 1Y10.95%8.37%
Max drawdown-16.64%-33.95%

Similar to PVAL and INCE