Franklin Income Focus ETF (INCM) Performance
INCM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.0% since Dec 31, 2025
- 1 year
- +10.0% total return
- 3 years
- +13.1% a year
- Since first price
- +10.1% a year since 2023
INCM trailing returns vs SPY, QQQ, AGG
| Period | INCM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.9% | +0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.0% | −0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +8.0% | +3.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.0% | +4.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +44.8%+13.1%/yr | +23.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 8, 2023 | +38.6%+10.1%/yr | +16.1% | — | — | — |
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: INCM vs SPY
From Jun 8, 2023: INCM grew to $13,857, SPY to $18,496.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INCM returns by calendar year
2 of 2 full years positive. Best 2025 (+13.5%), worst 2024 (+6.8%). 2026 is year to date.
INCM annual returns table
| Year | INCM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.0% | −3.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.5% | −7.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.8% | −3.6% | +24.9% | +25.6% | +1.3% |
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.
INCM risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +11.3% | +9.6% |
| Volatility (annualized) | 7.4% | 7.4% |
| Sharpe ratio | 0.91 | 0.68 |
| Sortino ratio | 1.53 | 1.10 |
| Best month | +6.3% | +6.3% |
| Worst month | −3.4% | −3.4% |
| Best 12 months | +20.1% | +20.1% |
| Worst 12 months | +6.8% | +6.8% |
| Positive months | 75% | 72% |
| Beta vs S&P 500 | 0.40 | — |
| Correlation with S&P 500 | 0.68 | — |
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.
INCM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | +6.8% | +10.6% | +20.1% | 100% |
| 3-year (a year) | 5 | +10.4% | +11.3% | +13.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
INCM performance overview
Franklin Income Focus ETF (INCM) returned +10.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +10.1% a year, turning $10,000 into about $13,857. Over the same year S&P 500 (SPY) returned +14.4%.
Related: INCM chart, INCM dividends. See the INCM overview for the latest quote and fund facts.
INCM performance FAQ
What is the INCM return over the past year?
INCM returned +10.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.3%.
How much would $10,000 invested in INCM be worth?
$10,000 invested in INCM at its first recorded close on June 8, 2023 would be worth about $13,857 on October 23, 2026 with distributions reinvested.
What was the worst year for INCM?
The worst calendar year was 2024, with a total return of +6.8%. The best was 2025 at +13.5%.
How volatile is INCM?
Over the past 3 years INCM had an annualized volatility of 7.4% and a Sharpe ratio of 0.91 (excess return over 1–3 month T-bills per unit of risk).