INCM vs MPAY
Franklin Income Focus ETF vs Akros Monthly Payout ETF
Which is better, INCM or MPAY?
Each has led over a different period.
INCM has a lower expense ratio. INCM led over the full window, MPAY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | INCM | MPAY |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.56% |
| AUM | $1.9B | $2M |
| Dividend Yield | 5.40% | 7.15% |
| Holdings | 396 | 63 |
| Volatility (annualized) | 8.9%Best | 10.2% |
| Max Drawdown | -7.8%Best | -15.7% |
| $10,000 over 1.9 years | $11,289Best | $10,853 |
| Fund Family | Franklin Templeton Investments (US) | Akros |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jun 6, 2023 | May 5, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. INCM has data through Oct 14, 2026 and MPAY through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Jun 8, 2023 to Apr 22, 2025 (1.9 years).
Risk: Volatility and Drawdowns
MPAY has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 8.9% 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 -15.7% for MPAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INCM charges 0.38% per year while MPAY charges 0.56%. On a $10,000 position that is $38 vs $56 annually, a gap of $18 per year that compounds over a long holding period. On income, INCM currently yields 5.40% against 7.15% for MPAY.
You are not choosing between two funds in isolation.
Whichever of INCM and MPAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INCM or MPAY?
INCM has an expense ratio of 0.38% while MPAY charges 0.56%. INCM is the cheaper option, by $18 a year on a $10,000 investment.
Which is riskier, INCM or MPAY?
MPAY has been the more volatile fund at 10.2% annualized versus 8.9% for INCM. Worst drawdown: INCM -7.8% vs MPAY -15.7%.
Should I hold both INCM and MPAY?
INCM and MPAY have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, INCM or MPAY?
INCM yields 5.40% while MPAY yields 7.15%, so MPAY currently pays the higher dividend yield.
Is MPAY better than INCM?
INCM has a lower expense ratio. INCM led over the full window, MPAY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.