PSQA vs INCE

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

PSQA vs INCE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PSQA

$117M

INCE

$117M

Expense Ratio

Winner

PSQA

0.21%

INCE

0.29%

Max Drawdown

Winner

PSQA

1.48%

INCE

34.12%

Sharpe Ratio

PSQA

0.78

Winner

INCE

2.40

5Y Beta

Winner

PSQA

0.02

INCE

0.55

P/E Ratio

PSQA

N/A

INCE

22.30

Forward P/E

PSQA

N/A

INCE

18.01

PEG Ratio

PSQA

N/A

INCE

0.77

5Y Dividends CAGR

PSQA

N/A

INCE

40.37%

5Y EPS CAGR

PSQA

N/A

INCE

2.81%

Debt to Equity

PSQA

N/A

INCE

-23.80%

P/S Ratio

PSQA

N/A

INCE

3.03

P/B Ratio

PSQA

N/A

INCE

3.83

PSQA vs INCE - Historical Returns

Returns include dividend reinvestment.

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

PSQA

+0.20%

Winner

INCE

+0.70%

PSQA

+1.12%

Winner

INCE

+4.00%

PSQA

+2.30%

Winner

INCE

+13.84%

PSQA

+5.38%

Winner

INCE

+26.55%

5Y(CAGR)

PSQA

N/A

INCE

+10.98%

10Y(CAGR)

PSQA

N/A

INCE

+13.03%

Max(CAGR)

PSQA

+5.58%

Winner

INCE

+13.03%

PSQA vs INCE - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

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

PSQA vs INCE Drawdown Comparison

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

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

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

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

Correlation

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

0.91

-101

Dividend Comparison (2016 - 2026)

PSQA vs INCE dividend yield comparison.

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