INCMvsCVRTETF Comparison
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Franklin Income Focus ETF (INCM) belongs to the Multi-Asset: Other segment. Calamos Convertible Equity Alternative ETF (CVRT) is part of the Convertible Bonds segment. INCM's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, CVRT's top sector exposures are Technology, Utilities and Finance. INCM is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.69% for CVRT. INCM is up 3.89% year-to-date (YTD) with +$753M in YTD flows. CVRT performs better with 23.94% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of INCM and CVRT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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INCM vs CVRT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INCM CVRT | -1.78%-3.25% | -0.35%-10.98% | +3.89%+23.94% | +5.56%+31.27% | +28.71%n/a | n/an/a |
| Flows | INCM CVRT | +$104M- | +$294M+$17M | +$753M+$24M | +$996M+$27M | +$1.69B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INCM CVRT | +5.09%+22.21% | +5.12%+24.01% | +6.46%n/a | n/an/a |
| Max drawdown | INCM CVRT | -2.20%-13.83% | -3.40%-15.65% | -7.53%n/a | n/an/a |
| Max drawdown duration | INCM CVRT | 30d89d | 167d108d | 96dn/a | n/an/a |
Trading data
INCM | CVRT | |
Last sale 9/21/2026 at 1:30 PM | $29.11 | $46.98 |
| Previous close 09/18/2026 | $29.06 | $46.64 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
INCM | CVRT | |
|---|---|---|
| Last price | $29.11 | $46.98 |
| 1D performance | +0.15% | +0.72% |
| AuM | $1.88 B | $42.08 M |
| E/R | 0.38% | 0.69% |
Characteristics
INCM | CVRT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Calamos Investments |
| Benchmark | - | - |
| N° of holdings | 312 | 88 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 8, 2023 | October 4, 2023 |
| ESG | No | No |
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Exposure
Countries
INCM
USA
73.14%
Other
26.86%
CVRT
USA
94.28%
Other
5.72%
Sectors
INCM
Finance
11.31%
Utilities
9.74%
Consumer Non-Cycl.
8.07%
Sovereign
7.64%
Industrials
7.59%
Other
55.65%
CVRT
Technology
45.79%
Utilities
13.33%
Finance
10.95%
Healthcare
8.07%
Industrials
7.38%
Other
14.48%
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Diversification
INCM
Total weight of top 15 holdings out of 15
18.54%
CVRT
Total weight of top 15 holdings out of 15
44.74%
Top 15 holdings
Data as of July 31, 2026
INCM
Procter & Gamble Co.
1.98%
Verizon Communications, Inc.
1.70%
ExxonMobil Holdings Corp.
1.48%
Chevron Corp.
1.32%
USA, Notes 4% 15nov2035, USD (F-2035)
1.31%
PepsiCo, Inc.
1.26%
Duke Energy Corp.
1.25%
DTE Energy Co.
1.21%
Community Health Systems (CHS), 9.75% 15jan2034, USD
1.14%
Roche Holding AG
1.02%
Nestlé SA
1.00%
Shell Plc
0.99%
USA, Bonds 4.75% 15may2055, USD
0.98%
The Coca-Cola Co.
0.96%
US90304M5351
0.94%
CVRT
Western Digital, 3% 15nov2028, USD (Conv.)
7.03%
The Boeing Co.
5.34%
Alphabet, Inc.
5.03%
Alphabet, Inc.
5.03%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
3.43%
Super Micro Computer, Inc.
2.63%
Hewlett Packard Enterprise Co.
2.60%
Oracle Corp.
2.25%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
2.00%
Akamai Technologies, 0.25% 15may2033, USD (Conv.)
1.72%
Snowflake, 0% 1oct2029, USD (Conv.)
1.59%
KKR & Co., Inc.
1.56%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
1.53%
Snowflake, 0% 1oct2027, USD (Conv.)
1.52%
Cipher Mining, 0% 1oct2031, USD (Conv.)
1.50%
Frequently asked questions about INCM and CVRT
How have the INCM and CVRT ETFs performed in 2026?
As of September 18, 2026, INCM is up 3.89% year-to-date (YTD), while CVRT has returned 23.94%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: INCM or CVRT?
Year-to-date, the INCM ETF saw +$753M in flows, compared to +$24M for CVRT.
Which ETF is more volatile: INCM or CVRT?
Over the past year, INCM had a volatility of 5.12%, while CVRT experienced 24.01%.
Which ETF is bigger: INCM or CVRT?
As of September 18, 2026, INCM holds $1.88 B in assets under management (AUM), while CVRT manages $42.08 M.
What sectors do the INCM and CVRT ETFs invest in?
INCM leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, CVRT focuses on Technology, Utilities and Finance.
What are the top holdings of the INCM ETF and CVRT ETF?
INCM top holdings include Procter & Gamble Co., Verizon Communications, Inc. and ExxonMobil Holdings Corp.. CVRT holds in its top three: Western Digital, 3% 15nov2028, USD (Conv.), The Boeing Co. and Alphabet, Inc..
Which ETF is more diversified: INCM or CVRT?
INCM holds 381 securities with 18.54% of its assets in the top 15. CVRT has 91 securities and a top 15 weight of 44.74%.
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Latest news about INCM & CVRT
Franklin Income Focus ETF (NYSE Arca: INCM)
June 23, 2023
INCM
Franklin Incomes New Multi Asset ETF
June 15, 2023
INCM
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