INCM vs ZROZ

Comparison between Franklin Income Focus ETF (INCM, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

INCM vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	INCM(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.38%	0.15%
Max Drawdown	8.94%	67.48%
Sharpe Ratio	2.39	-0.21
5Y Beta	0.33	0.11
5Y Dividends CAGR	N/A	3.66%

Net Assets

INCM

$1.40B

ZROZ

$1.40B

Expense Ratio

INCM

0.38%

Winner

ZROZ

0.15%

Max Drawdown

Winner

INCM

8.94%

ZROZ

67.48%

Sharpe Ratio

Winner

INCM

2.39

ZROZ

-0.21

5Y Beta

INCM

0.33

Winner

ZROZ

0.11

5Y Dividends CAGR

INCM

N/A

ZROZ

3.66%

INCM vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	INCM	ZROZ
1 month	+1.19%	-1.33%
3 months	+0.95%	-0.95%
6 months	+8.74%	-4.75%
1 year	+17.84%	+0.27%
5 years(CAGR)	N/A	-11.36%
10 years(CAGR)	N/A	-3.79%
Max(CAGR)	+10.99%	+2.14%

Winner

INCM

+1.19%

ZROZ

-1.33%

Winner

INCM

+0.95%

ZROZ

-0.95%

Winner

INCM

+8.74%

ZROZ

-4.75%

Winner

INCM

+17.84%

ZROZ

+0.27%

5Y(CAGR)

INCM

N/A

ZROZ

-11.36%

10Y(CAGR)

INCM

N/A

ZROZ

-3.79%

Max(CAGR)

Winner

INCM

+10.99%

ZROZ

+2.14%

INCM vs ZROZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	INCM	ZROZ
2026	+5.76%	-0.16%
2025	+12.81%	-1.87%
2024	+6.50%	-15.03%
2023	+5.77%	-1.52%
2022	N/A	-39.26%
2021	N/A	-4.79%
2020	N/A	+22.56%
2019	N/A	+20.05%
2018	N/A	-3.51%
2017	N/A	+13.87%
2016	N/A	-0.31%
2015	N/A	-7.39%
2014	N/A	+48.29%
2013	N/A	-19.11%
2012	N/A	+3.51%
2011	N/A	+61.75%
2010	N/A	+9.96%
2009	N/A	-6.29%

INCM vs ZROZ Drawdown Comparison

The maximum drawdown for INCM was -7.84%, occurring on Apr 8, 2025. Recovery took 69 trading sessions.

The maximum drawdown for ZROZ was -62.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current INCM drawdown is -0.44%. The current ZROZ drawdown is -59.76%.

Rank	INCM	ZROZ
#1	-7.84% Feb 28, 2025 - Jun 9, 2025	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-6.74% Jul 24, 2023 - Dec 1, 2023	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-3.91% Nov 29, 2024 - Feb 19, 2025	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-3.19% Feb 27, 2026 - Apr 17, 2026	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-3.03% Mar 28, 2024 - May 15, 2024	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-2.51% Jan 22, 2024 - Mar 11, 2024	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-2.30% Jan 16, 2024 - Jan 22, 2024	-17.49% Dec 19, 2011 - May 17, 2012
#8	-1.96% Jul 31, 2024 - Aug 15, 2024	-15.67% Nov 27, 2009 - May 6, 2010
#9	-1.75% Oct 16, 2024 - Nov 27, 2024	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-1.66% Oct 27, 2025 - Nov 12, 2025	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-1.30% May 15, 2024 - Jun 5, 2024	-8.29% May 6, 2010 - May 20, 2010
#12	-1.22% Nov 12, 2025 - Nov 25, 2025	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-1.14% Jun 15, 2023 - Jul 12, 2023	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-1.09% Jul 17, 2024 - Jul 30, 2024	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-1.04% Jun 24, 2024 - Jul 8, 2024	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between INCM and ZROZ is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101

Dividend Comparison (2009 - 2026)

INCM vs ZROZ dividend yield comparison.

Year	INCM	ZROZ
2026	1.80%	1.30%
2025	4.96%	4.96%
2024	5.06%	4.58%
2023	3.01%	3.52%
2022	0.00%	2.76%
2021	0.00%	1.60%
2020	0.00%	1.68%
2019	0.00%	2.22%
2018	0.00%	2.06%
2017	0.00%	2.53%
2016	0.00%	3.00%
2015	0.00%	2.98%
2014	0.00%	2.60%
2013	0.00%	4.28%
2012	0.00%	3.16%
2011	0.00%	2.99%
2010	0.00%	4.55%
2009	0.00%	0.74%