Franklin Income Equity Focus ETF (INCE) Performance
INCE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.9% since Dec 31, 2025
- 1 year
- +20.6% total return
- 5 years
- +10.5% a year
- 10 years
- +13.4% a year
- Since first price
- +13.1% a year since 2016
INCE trailing returns vs SPY, QQQ, AGG
| Period | INCE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.0% | +2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.6% | +2.9% | +7.8% | +8.4% | −1.5% |
| YTD | +16.9% | +12.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.6% | +14.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.9%+18.9%/yr | +47.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.6%+10.5%/yr | +39.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +253.2%+13.4%/yr | +175.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 22, 2016 | +245.0%+13.1%/yr | +169.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: INCE vs SPY
From Sep 22, 2016: INCE grew to $34,496, SPY to $40,975.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INCE returns by calendar year
7 of 9 full years positive. Best 2019 (+32.7%), worst 2022 (−8.5%). 2026 is year to date.
INCE annual returns table
| Year | INCE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.9% | −5.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.9% | −13.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.7% | −6.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.9% | −8.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.5% | −18.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.4% | −5.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.3% | −34.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.7% | −5.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −1.0% | −15.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +19.7% | −2.0% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
INCE largest drawdowns
Now 0.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −34.0% | Mar 23, 2020 | Sep 2, 2020 | 38 days | 7 months |
| Dec 29, 2021 | −18.4% | Sep 30, 2022 | Nov 30, 2023 | 9 months | 1.9 years |
| Oct 2, 2018 | −15.0% | Dec 24, 2018 | Feb 20, 2019 | 3 months | 5 months |
| Nov 26, 2024 | −14.0% | Apr 8, 2025 | Jun 30, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INCE risk statistics
| Statistic | 3 years | 5 years | 10 years |
|---|---|---|---|
| Annualized return | +16.4% | +10.6% | +12.8% |
| Volatility (annualized) | 10.7% | 13.5% | 13.7% |
| Sharpe ratio | 1.08 | 0.55 | 0.78 |
| Sortino ratio | 1.78 | 0.86 | 1.22 |
| Best month | +7.6% | +9.9% | +11.7% |
| Worst month | −5.6% | −8.3% | −12.6% |
| Best 12 months | +31.2% | +31.2% | +43.7% |
| Worst 12 months | +6.8% | −9.6% | −9.6% |
| Positive months | 72% | 63% | 67% |
| Beta vs S&P 500 | 0.59 | 0.74 | 0.82 |
| Correlation with S&P 500 | 0.69 | 0.86 | 0.91 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
INCE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 110 | −9.6% | +13.6% | +43.7% | 90% |
| 3-year (a year) | 86 | +4.9% | +12.4% | +22.5% | 100% |
| 5-year (a year) | 62 | +9.4% | +11.5% | +16.9% | 100% |
| 10-year (a year) | 2 | +12.8% | +13.2% | +13.6% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
INCE performance overview
Franklin Income Equity Focus ETF (INCE) returned +20.6% over the past year and +13.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +13.1% a year, turning $10,000 into about $34,496. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.0%, from Feb 14, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. INCE finished 7 of its 9 full calendar years with a gain; the best year was 2019 (+32.7%) and the worst 2022 (−8.5%). Volatility has been 13.7% a year.
Related: INCE chart, INCE dividends. See the INCE overview for the latest quote and fund facts.
INCE performance FAQ
What is the INCE return over the past year?
INCE returned +20.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.6%.
What is the average annual return of INCE?
INCE has returned +10.5% a year over 5 years, +13.4% a year over 10 years, +13.1% a year since September 22, 2016 (total return, distributions reinvested).
How much would $10,000 invested in INCE be worth?
$10,000 invested in INCE at its first recorded close on September 22, 2016 would be worth about $34,496 on October 23, 2026 with distributions reinvested.
What was the worst year for INCE?
The worst calendar year was 2022, with a total return of −8.5%. The best was 2019 at +32.7%.
What is the biggest drawdown of INCE?
The largest peak-to-trough decline was −34.0% between February 14, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is INCE?
Over the past 3 years INCE had an annualized volatility of 10.7% and a Sharpe ratio of 1.08 (excess return over 1–3 month T-bills per unit of risk).