INCMvsMPROETF Comparison
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Franklin Income Focus ETF (INCM) and Monarch Procap ETF (MPRO) belong to the same industry segment: Multi-Asset: Other. INCM's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, MPRO's top sector exposures are Sovereign, Finance and Industrials. INCM is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 1.03% for MPRO. INCM is up 3.89% year-to-date (YTD) with +$753M in YTD flows. MPRO performs better with 4.99% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of INCM and MPRO 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 MPRO 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 MPRO | -1.78%-1.75% | -0.35%-1.41% | +3.89%+4.99% | +5.56%+6.81% | +28.71%+33.04% | n/a+29.76% |
| Flows | INCM MPRO | +$104M-$6M | +$294M-$5M | +$753M+$14M | +$996M+$34M | +$1.69B+$129M | -+$155M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INCM MPRO | +5.09%+5.63% | +5.12%+6.74% | +6.46%+7.71% | n/a+9.13% |
| Max drawdown | INCM MPRO | -2.20%-2.86% | -3.40%-5.67% | -7.53%-9.51% | n/a-14.48% |
| Max drawdown duration | INCM MPRO | 30d52d | 167d87d | 96d316d | n/a757d |
Trading data
INCM | MPRO | |
Last sale 9/21/2026 at 1:30 PM | $29.11 | $32.24 |
| Previous close 09/18/2026 | $29.06 | $31.94 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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INCM
is actively managed and doesn’t replicate an indexINCM | MPRO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
INCM | MPRO | |
|---|---|---|
| Last price | $29.11 | $32.24 |
| 1D performance | +0.15% | +0.93% |
| AuM | $1.88 B | $247.54 M |
| E/R | 0.38% | 1.03% |
Characteristics
INCM | MPRO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Monarch Fund |
| Benchmark | - | Solactive Kingsview ProCap Index |
| N° of holdings | 312 | 10558 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 8, 2023 | March 24, 2021 |
| ESG | No | No |
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Exposure
Countries
INCM
USA
73.14%
Other
26.86%
MPRO
USA
83.71%
Other
16.29%
Sectors
INCM
Finance
11.31%
Utilities
9.74%
Consumer Non-Cycl.
8.07%
Sovereign
7.64%
Industrials
7.59%
Other
55.65%
MPRO
Sovereign
28.25%
Finance
14.19%
Industrials
11.23%
Utilities
9.49%
Consumer Non-Cycl.
8.74%
Non-Energy Materi.
8.46%
Other
19.64%
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Diversification
INCM
Total weight of top 15 holdings out of 15
18.54%
MPRO
Total weight of top 15 holdings out of 15
11.5%
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%
MPRO
BlackRock Cash Funds - Institutional
1.69%
Linde Plc
1.06%
NextEra Energy, Inc.
1.04%
Welltower, Inc.
0.91%
Walmart, Inc.
0.85%
Prologis, Inc.
0.74%
Costco Wholesale Corp.
0.74%
The Southern Co.
0.61%
The Coca-Cola Co.
0.59%
Procter & Gamble Co.
0.59%
Duke Energy Corp.
0.56%
Equinix, Inc.
0.55%
GE Aerospace
0.53%
Caterpillar, Inc.
0.53%
Philip Morris International, Inc.
0.52%
Frequently asked questions about INCM and MPRO
How have the INCM and MPRO ETFs performed in 2026?
As of September 18, 2026, INCM is up 3.89% year-to-date (YTD), while MPRO has returned 4.99%. That puts MPRO better performer ahead so far this year.
Which ETF is attracting more investor money: INCM or MPRO?
Year-to-date, the INCM ETF saw +$753M in flows, compared to +$14M for MPRO.
Which ETF is more volatile: INCM or MPRO?
Over the past year, INCM had a volatility of 5.12%, while MPRO experienced 6.74%.
Which ETF is bigger: INCM or MPRO?
As of September 18, 2026, INCM holds $1.88 B in assets under management (AUM), while MPRO manages $247.54 M.
What sectors do the INCM and MPRO ETFs invest in?
INCM leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, MPRO focuses on Sovereign, Finance and Industrials.
What are the top holdings of the INCM ETF and MPRO ETF?
INCM top holdings include Procter & Gamble Co., Verizon Communications, Inc. and ExxonMobil Holdings Corp.. MPRO holds in its top three: BlackRock Cash Funds - Institutional, Linde Plc and NextEra Energy, Inc..
Which ETF is more diversified: INCM or MPRO?
INCM holds 381 securities with 18.54% of its assets in the top 15. MPRO has 13445 securities and a top 15 weight of 11.5%.
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Latest news about INCM & MPRO
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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