INCE vs PSQA

Comparison between FRANKLIN INCOME EQUITY FOCUS ETF (INCE, ETF) and Palmer Square CLO Senior Debt ETF (PSQA, ETF).

INCE vs PSQA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	INCE(ETF)	PSQA(ETF)
Net Assets	$117M	$117M
Expense Ratio	0.29%	0.21%
Max Drawdown	34.12%	1.48%
Sharpe Ratio	2.40	0.78
5Y Beta	0.55	0.02
P/E Ratio	22.30	N/A
Forward P/E	18.01	N/A
PEG Ratio	0.77	N/A
5Y Dividends CAGR	40.37%	N/A
5Y EPS CAGR	2.81%	N/A
Debt to Equity	-23.80%	N/A
P/S Ratio	3.03	N/A
P/B Ratio	3.83	N/A

Net Assets

INCE

$117M

Winner

PSQA

$117M

Expense Ratio

INCE

0.29%

Winner

PSQA

0.21%

Max Drawdown

INCE

34.12%

Winner

PSQA

1.48%

Sharpe Ratio

Winner

INCE

2.40

PSQA

0.78

5Y Beta

INCE

0.55

Winner

PSQA

0.02

P/E Ratio

INCE

22.30

PSQA

N/A

Forward P/E

INCE

18.01

PSQA

N/A

PEG Ratio

INCE

0.77

PSQA

N/A

5Y Dividends CAGR

INCE

40.37%

PSQA

N/A

5Y EPS CAGR

INCE

2.81%

PSQA

N/A

Debt to Equity

INCE

-23.80%

PSQA

N/A

P/S Ratio

INCE

3.03

PSQA

N/A

P/B Ratio

INCE

3.83

PSQA

N/A

INCE vs PSQA - Historical Returns

Returns include dividend reinvestment.

Period	INCE	PSQA
1 month	+0.70%	+0.20%
3 months	+4.00%	+1.12%
6 months	+13.84%	+2.30%
1 year	+26.55%	+5.38%
5 years(CAGR)	+10.98%	N/A
10 years(CAGR)	+13.03%	N/A
Max(CAGR)	+13.03%	+5.58%

Winner

INCE

+0.70%

PSQA

+0.20%

Winner

INCE

+4.00%

PSQA

+1.12%

Winner

INCE

+13.84%

PSQA

+2.30%

Winner

INCE

+26.55%

PSQA

+5.38%

5Y(CAGR)

INCE

+10.98%

PSQA

N/A

10Y(CAGR)

INCE

+13.03%

PSQA

N/A

Max(CAGR)

Winner

INCE

+13.03%

PSQA

+5.58%

INCE vs PSQA - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	INCE	PSQA
2026	+11.83%	+1.91%
2025	+15.97%	+5.79%
2024	+10.95%	+1.75%
2023	+13.81%	N/A
2022	-8.25%	N/A
2021	+24.91%	N/A
2020	+11.83%	N/A
2019	+32.52%	N/A
2018	-2.03%	N/A
2017	+19.65%	N/A
2016	+1.37%	N/A

INCE vs PSQA Drawdown Comparison

The maximum drawdown for INCE was -33.95%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.

The maximum drawdown for PSQA was -1.25%, occurring on Apr 10, 2025. Recovery took 36 trading sessions.

The current INCE drawdown is -1.28%. The current PSQA drawdown is -0.40%.

Rank	INCE	PSQA
#1	-33.95% Feb 14, 2020 - Sep 2, 2020	-1.25% Mar 31, 2025 - May 21, 2025
#2	-18.41% Dec 29, 2021 - Nov 30, 2023	-0.78% Dec 24, 2025 - Feb 5, 2026
#3	-15.95% Oct 2, 2018 - Mar 1, 2019	-0.70% Apr 27, 2026 - May 1, 2026
#4	-14.02% Nov 26, 2024 - Jun 30, 2025	-0.42% Feb 9, 2026 - Feb 23, 2026
#5	-7.73% Jan 26, 2018 - Jul 26, 2018	-0.41% Apr 8, 2026 - Apr 27, 2026
#6	-6.82% Oct 12, 2020 - Nov 9, 2020	-0.39% Nov 11, 2024 - Dec 2, 2024
#7	-6.62% Sep 2, 2020 - Oct 12, 2020	-0.36% Feb 24, 2026 - Mar 25, 2026
#8	-5.38% Mar 28, 2024 - Jun 24, 2024	-0.36% Oct 17, 2024 - Oct 25, 2024
#9	-5.07% Sep 2, 2021 - Oct 26, 2021	-0.35% Oct 10, 2024 - Oct 17, 2024
#10	-5.02% Jul 29, 2019 - Sep 5, 2019	-0.34% Mar 25, 2026 - Apr 8, 2026
#11	-4.90% Feb 27, 2026 - Apr 23, 2026	-0.29% Nov 4, 2025 - Nov 12, 2025
#12	-4.48% Sep 22, 2016 - Dec 20, 2016	-0.22% Aug 14, 2025 - Sep 3, 2025
#13	-4.24% Jan 8, 2021 - Mar 11, 2021	-0.21% Oct 28, 2024 - Oct 30, 2024
#14	-3.79% Jul 31, 2024 - Aug 16, 2024	-0.20% Oct 2, 2024 - Oct 7, 2024
#15	-3.60% Nov 16, 2021 - Dec 8, 2021	-0.20% Feb 28, 2025 - Mar 31, 2025

Correlation

Correlation between INCE and PSQA is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2016 - 2026)

INCE vs PSQA dividend yield comparison.

Year	INCE	PSQA
2026	2.28%	0.86%
2025	4.71%	4.48%
2024	3.25%	1.45%
2023	1.75%	0.00%
2022	1.68%	0.00%
2021	1.41%	0.00%
2020	1.40%	0.00%
2019	1.31%	0.00%
2018	1.55%	0.00%
2017	1.44%	0.00%
2016	0.50%	0.00%