INCE vs SEPI
Comparison between FRANKLIN INCOME EQUITY FOCUS ETF (INCE, ETF) and SHELTON EQUITY PREMIUM INCOME ETF (SEPI, ETF).
INCE vs SEPI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
INCE
$117M
SEPI
$117M
Expense Ratio
Winner
INCE
0.29%
SEPI
0.54%
Max Drawdown
INCE
34.12%
Winner
SEPI
9.38%
Sharpe Ratio
Winner
INCE
2.40
SEPI
1.41
5Y Beta
Winner
INCE
0.55
SEPI
0.87
P/E Ratio
Winner
INCE
22.30
SEPI
28.10
Forward P/E
Winner
INCE
18.01
SEPI
20.53
PEG Ratio
INCE
0.77
Winner
SEPI
0.47
5Y Dividends CAGR
INCE
40.37%
SEPI
N/A
5Y EPS CAGR
INCE
2.81%
Winner
SEPI
22.09%
Debt to Equity
Winner
INCE
-23.80%
SEPI
33.04%
P/S Ratio
INCE
3.03
Winner
SEPI
2.48
P/B Ratio
Winner
INCE
3.83
SEPI
5.02
INCE vs SEPI - Holdings Comparison
INCE and SEPI have 9 common holdings. Overlap is 10.08%
INCE's top 25 holdings weight is 55.93%. SEPI's top 25 holdings weight is 83.06%.
| Rank | INCE | SEPI |
|---|---|---|
| #1 | FRANKLIN INSTL U.S. GOVT MNY MKT FUND (INFXX) - 4.68% | CATERPILLAR INC (CAT) - 6.15% |
| #2 | EXXON MOBIL CORP (XOM) - 3.58% | ADVANCED MICRO DEVICES INC (AMD) - 6.06% |
| #3 | CHEVRON CORP (CVX) - 3.12% | APPLE INC (AAPL) - 5.71% |
| #4 | PEPSICO INC (PEP) - 2.75% | ALPHABET INC CLASS A (GOOGL) - 5.31% |
| #5 | n/a (JCI) - 2.63% | NVIDIA CORP (NVDA) - 4.70% |
| #6 | SOUTHERN CO (SO) - 2.59% | MICRON TECHNOLOGY INC (MU) - 4.32% |
| #7 | VERIZON COMMUNICATIONS INC (VZ) - 2.58% | MICROSOFT CORP (MSFT) - 4.03% |
| #8 | RIO TINTO PLC ADR (RIO) - 2.50% | THE GOLDMAN SACHS GROUP INC (GS) - 3.96% |
| #9 | PROCTER & GAMBLE CO (PG) - 2.49% | AMAZON.COM INC (AMZN) - 3.90% |
| #10 | n/a (n/a) - 2.48% | EXXON MOBIL CORP (XOM) - 3.68% |
| #11 | LOCKHEED MARTIN CORP (LMT) - 2.27% | BROADCOM INC (AVGO) - 3.55% |
| #12 | n/a (n/a) - 2.14% | JOHNSON & JOHNSON (JNJ) - 3.12% |
| #13 | TORONTO DOMINION BK PFD 821.97% (n/a) - 1.94% | META PLATFORMS INC CLASS A (META) - 3.12% |
| #14 | RTX CORP (RTX) - 1.85% | US DOLLARS (n/a) - 2.76% |
| #15 | CITIGROUP GLOBAL MARKETS 8 10/28/2026 (n/a) - 1.77% | EBAY INC (EBAY) - 2.74% |
| #16 | BNP PARIBAS ISSUANCE BV 10 8/28/2026 (n/a) - 1.72% | MERCK & CO INC (MRK) - 2.46% |
| #17 | n/a (ALB-PRA) - 1.72% | AKAMAI TECHNOLOGIES INC (AKAM) - 2.28% |
| #18 | MERRILL LYNCH B V PFD (n/a) - 1.71% | DUKE ENERGY CORP (DUK) - 2.13% |
| #19 | TEXAS INSTRUMENTS INC (TXN) - 1.70% | WALMART INC (WMT) - 2.04% |
| #20 | ADI 10 ELN RBC 11/16/26 (n/a) - 1.65% | GENERAL MOTORS CO (GM) - 2.02% |
| #21 | MORGAN STANLEY FIN II PFD (n/a) - 1.65% | ARISTA NETWORKS INC (ANET) - 1.88% |
| #22 | UNION PACIFIC CORP (UNP) - 1.64% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.87% |
| #23 | JPMORGAN CHASE & CO (JPM) - 1.62% | NEWMONT CORP (NEM) - 1.81% |
| #24 | PHILIP MORRIS INTERNATIONAL INC (PM) - 1.59% | HILTON WORLDWIDE HOLDINGS INC (HLT) - 1.76% |
| #25 | AIR PRODUCTS AND CHEMICALS INC (APD) - 1.56% | JPMORGAN CHASE & CO (JPM) - 1.70% |
| Total Holdings | 83 | 118 |
INCE vs SEPI - Historical Returns
Returns include dividend reinvestment.
1M
INCE
+0.70%
Winner
SEPI
+2.72%
3M
INCE
+4.00%
Winner
SEPI
+8.94%
6M
Winner
INCE
+13.84%
SEPI
+9.16%
1Y
INCE
+26.55%
SEPI
N/A
5Y(CAGR)
INCE
+10.98%
SEPI
N/A
10Y(CAGR)
INCE
+13.03%
SEPI
N/A
Max(CAGR)
INCE
+13.03%
Winner
SEPI
+23.08%
INCE vs SEPI - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | INCE | SEPI |
|---|---|---|
| 2026 | +11.83% | +8.22% |
| 2025 | +15.97% | +6.84% |
| 2024 | +10.95% | N/A |
| 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 SEPI Drawdown Comparison
The maximum drawdown for INCE was -33.95%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The maximum drawdown for SEPI was -7.66%, occurring on Mar 27, 2026. Recovery took 52 trading sessions.
The current INCE drawdown is -1.28%. The current SEPI drawdown is -2.16%.
| Rank | INCE | SEPI |
|---|---|---|
| #1 | -33.95% Feb 14, 2020 - Sep 2, 2020 | -7.66% Jan 28, 2026 - Apr 14, 2026 |
| #2 | -18.41% Dec 29, 2021 - Nov 30, 2023 | -4.99% Nov 10, 2025 - Dec 11, 2025 |
| #3 | -15.95% Oct 2, 2018 - Mar 1, 2019 | -2.70% Dec 11, 2025 - Dec 24, 2025 |
| #4 | -14.02% Nov 26, 2024 - Jun 30, 2025 | -2.56% Oct 29, 2025 - Nov 10, 2025 |
| #5 | -7.73% Jan 26, 2018 - Jul 26, 2018 | -2.34% Oct 8, 2025 - Oct 20, 2025 |
| #6 | -6.82% Oct 12, 2020 - Nov 9, 2020 | -2.31% Jan 6, 2026 - Jan 27, 2026 |
| #7 | -6.62% Sep 2, 2020 - Oct 12, 2020 | -2.16% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -5.38% Mar 28, 2024 - Jun 24, 2024 | -1.29% May 14, 2026 - May 22, 2026 |
| #9 | -5.07% Sep 2, 2021 - Oct 26, 2021 | -0.98% Dec 24, 2025 - Jan 5, 2026 |
| #10 | -5.02% Jul 29, 2019 - Sep 5, 2019 | -0.92% Sep 22, 2025 - Oct 2, 2025 |
| #11 | -4.90% Feb 27, 2026 - Apr 23, 2026 | -0.82% Apr 17, 2026 - Apr 22, 2026 |
| #12 | -4.48% Sep 22, 2016 - Dec 20, 2016 | -0.79% Oct 20, 2025 - Oct 24, 2025 |
| #13 | -4.24% Jan 8, 2021 - Mar 11, 2021 | -0.63% May 6, 2026 - May 8, 2026 |
| #14 | -3.79% Jul 31, 2024 - Aug 16, 2024 | -0.44% May 1, 2026 - May 5, 2026 |
| #15 | -3.60% Nov 16, 2021 - Dec 8, 2021 | -0.39% Apr 22, 2026 - Apr 24, 2026 |
Correlation
Correlation between INCE and SEPI is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
Dividend Comparison (2016 - 2026)
INCE vs SEPI dividend yield comparison.
| Year | INCE | SEPI |
|---|---|---|
| 2026 | 2.28% | 3.47% |
| 2025 | 4.71% | 1.37% |
| 2024 | 3.25% | 0.00% |
| 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% |
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