INCM vs SURI
Franklin Income Focus ETF vs Simplify Propel Opportunities ETF
Which is better, INCM or SURI?
Each has led over a different period.
INCM has a lower expense ratio. INCM led over the full window, SURI over 1Y and 3Y.
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 | SURI |
|---|---|---|
| Expense Ratio | 0.38%Best | 2.56% |
| AUM | $1.9B | $75M |
| Dividend Yield | 5.40% | 15.67% |
| Holdings | 396 | 40 |
| YTD Return | +6.40% | +13.31%Best |
| 1Y Return | +9.34% | +22.43%Best |
| 3Y Return (annualized) | +11.90% | +12.19%Best |
| Volatility (annualized) | 7.3%Best | 29.2% |
| Max Drawdown | -7.8%Best | -47.8% |
| $10,000 over 3.4 years | $13,759Best | $12,380 |
| Fund Family | Franklin Templeton Investments (US) | Simplify Exchange Traded Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jun 6, 2023 | Feb 7, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jun 8, 2023 to Oct 14, 2026 (3.4 years).
INCM vs SURI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
INCM vs SURI Performance
Franklin Income Focus ETF (INCM) is an ETF from Franklin Templeton Investments (US) and Simplify Propel Opportunities ETF (SURI) is an ETF from Simplify Exchange Traded Funds. Over the past year INCM returned +9.34% while SURI returned +22.43%. Year to date, INCM is up 6.40% versus a gain of 13.31% for SURI.
Over three years, INCM compounded at +11.90% per year against +12.19% for SURI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SURI has been the more volatile fund, with annualized monthly volatility of 29.2% compared with 7.3% 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 -47.8% for SURI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INCM charges 0.38% per year while SURI charges 2.56%. On a $10,000 position that is $38 vs $256 annually, a gap of $218 per year that compounds over a long holding period. On income, INCM currently yields 5.40% against 15.67% for SURI.
Holdings Overlap
We hold position weights for 266 holdings in INCM and 28 in SURI, totalling 57.7% and 90.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 266 positions we hold weights for in INCM and 28 in SURI, against full books of 396 and 40.
You are not choosing between two funds in isolation.
Whichever of INCM and SURI 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 SURI?
INCM has an expense ratio of 0.38% while SURI charges 2.56%. INCM is the cheaper option, by $218 a year on a $10,000 investment.
Which performed better, INCM or SURI?
Over the past year INCM returned +9.34% vs +22.43% for SURI, so SURI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INCM or SURI?
SURI has been the more volatile fund at 29.2% annualized versus 7.3% for INCM. Worst drawdown: INCM -7.8% vs SURI -47.8%.
Should I hold both INCM and SURI?
INCM and SURI have a monthly-return correlation of 0.49, 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 SURI?
INCM yields 5.40% while SURI yields 15.67%, so SURI currently pays the higher dividend yield.
Is SURI better than INCM?
INCM has a lower expense ratio. INCM led over the full window, SURI over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.