INCM vs VYM
INCM vs VYM
Franklin Income Focus ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | INCM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.04% | |
| AUM | $1.7B | $79.0B | |
| Dividend Yield | 5.04% | 2.86% | |
| Holdings | 357 | 568 | |
| YTD Return | +7.71% | +15.45% | |
| 1Y Return | +14.28% | +26.05% | |
| 3Y Return (annualized) | +11.26% | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 7.2% | 14.6% | |
| Max Drawdown | -7.8% | -58.8% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 6, 2023 | Nov 10, 2006 |
INCM vs VYM Performance
Franklin Income Focus ETF (INCM) is a ETF from Franklin Templeton Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year INCM returned +14.28% while VYM returned +26.05%. Year to date, INCM is up 7.71% versus a gain of 15.45% for VYM.
Over three years, INCM compounded at +11.26% per year against +17.96% for VYM. Across the full 3-year window we track, INCM has the edge at +10.89% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.2% for INCM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.8% for INCM and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
INCM charges 0.38% per year while VYM charges 0.04%. On a $10,000 position that is $38 vs $4 annually, a gap of $34 per year that compounds over a long holding period. On income, INCM currently yields 5.04% against 2.86% for VYM.
Holdings Overlap
INCM and VYM share 41 holdings out of 775 unique holdings combined, representing a 18.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in INCM | Weight in VYM | Difference |
|---|---|---|---|
| XOM | 1.50% | 2.83% | 1.33% |
| PG | 1.86% | 1.72% | 0.14% |
| JPM | 0.00% | 3.36% | 3.36% |
| CVX | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| PM | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings INCM shares with VYM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, INCM or VYM?
INCM has an expense ratio of 0.38% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, INCM or VYM?
Over the past year INCM returned +14.28% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), INCM annualized +10.89% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, INCM or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.2% for INCM. Worst drawdown: INCM -7.8% vs VYM -58.8%.
Should I hold both INCM and VYM?
INCM and VYM have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between INCM and VYM?
INCM and VYM share 41 common holdings with a 18.0% weight overlap. Combined, they hold 775 unique securities.
Which pays a higher dividend, INCM or VYM?
INCM yields 5.04% while VYM yields 2.86%, so INCM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.