ALTY vs INCM: Grades, Fees and Holdings Compared

Global X Alternative Income ETF

ALTYBNasdaq

Franklin Income Focus ETF

INCMANYSE Arca

Overlap

0.0%by weight

Expense ratio

INCM −0.12pt a year

ALTY0.50%INCM0.38%

Avg volume · 30D

INCM 21.7×the volume

ALTY19.3KINCM418K

3Y return · a year

INCM +1.2pt

ALTY+12.3%INCM+13.5%

ALTY vs INCM Performance

Oct 31, 2025 – Oct 30, 2026

+6.3%ALTY+11.3%INCM

Expense ratio: ALTY 0.50%; INCM 0.38%, better
Fund size: ALTY $45M; INCM $2.03B
1Y total return: ALTY +6.3%; INCM +11.3%, better
Yield (12M): ALTY 7.99%, better; INCM 5.67%
Holdings: ALTY 21; INCM 393
Avg volume (30D): ALTY 19.3K sh; INCM 418K sh, better
NAV per share: ALTY $11.72; INCM $29.10
52W range

ETF.net Grade

Pillar letters and Scores for ALTY, INCM, with each pillar’s weight
Pillar	ALTY	INCM
Cost30% weight	A79	A93Higher
Mission25% weight	C50	Not scored
Risk15% weight	C54	A80Higher
Tradability15% weight	C44	B64Higher
Holdings10% weight	D33	Not scored
Durability5% weight	B62	A77Higher

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. ALTY and INCM are both graded against the same 15 Multi-Asset Income funds, so their Grades compare head to head.

Multi-Asset Income⁠

Category · 15 funds

See all 15 ›

INCM ranks 1st and ALTY 5th of 15 funds in the Multi-Asset Income Category.

Rank 1AINCMFranklin Income Focus ETFScore 82
Rank 2AIYLDiShares Morningstar Multi-Asset Income ETFScore 79
Rank 4BMDIVMulti-Asset Diversified Income Index FundScore 66
Rank 5BALTYGlobal X Alternative Income ETFScore 57
Rank 6BHNDLStrategy Shares Nasdaq 7HANDL Index ETFScore 56

Our read on each fund

ETF.net Research

ALTYBGlobal X Alternative Income ETF

INCMAFranklin Income Focus ETF

In short

ALTY Income from the corners bonds don't cover. ALTY tracks the Indxx SuperDividend Alternatives Index, a global and emerging-market mix of high-payout alternative income sources, and distributes monthly.

INCM A go-anywhere income hunt in ETF form: Franklin's managers roam across asset classes chasing current income, hold roughly 400 positions, charge 0.38%, and pay out monthly.

Stated mandate

ALTY ALTY seeks to track the price and yield performance of the Indxx SuperDividend Alternatives Index before fees and expenses.

INCM The fund seeks a high level of current income, with long-term capital appreciation as a secondary objective.

Why people hold it

ALTY One ticker for an income sleeve most DIY investors can't easily build: a global, emerging-market-inclusive basket of high-yield alternatives, held in a standard 1940 Act ETF.globalxetfs.com
0.50% a year, below the typical fee in its multi-asset allocation peer group, for exposure that is far more specialized than a plain stock-and-bond blend.
Pays monthly, and has been running since 2015. That is a long track record for a niche income idea, and a cadence that lines up with monthly bills.

INCM Charges 0.38%, well under the typical fund in its multi-asset allocation group. More of the income stays with shareholders.
Distributes monthly, matching the rhythm of actual bills. Current income is the stated primary objective, with capital appreciation secondary.
Spreads the income job across roughly 400 positions instead of leaning on a short list of high yielders.
Trades smoothly for a multi-billion-dollar fund, and rates as one of the stronger implementations in its allocation peer group.

Worth knowing

ALTY A small, thinly traded fund. Spreads can run wider than in the big allocation ETFs, which matters more on large or hurried orders.
Global X discloses that distributions can include return of capital, meaning part of a payout may be your own money back rather than income earned.globalxetfs.com
The mix is set by the index's yield-first rules, not a manager reading the market, so the sleeve holds whatever screens in at each rebalance.globalxetfs.com

INCM Actively managed with no declared index, so the asset mix and the payout reflect manager judgment rather than a published rulebook you can check against.
The mandate targets a high level of current income, not a fixed dollar amount, so the monthly distribution moves with markets.
Index-based allocation peers such as AOA and IRTR carry lower expense ratios. Here the fee buys active security selection instead of a set glide path.

Full ALTY profile⁠

Full INCM profile⁠

ALTY vs INCM Holdings

As of Oct 13, 2026

How ALTY and INCM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ALTY and 0.0% of INCM.

Level by level

Holdings0 in both0.0%
Sector11 Sectors49.5%
Countryby domicile87.5%

Sector

Sector weights in ALTY and INCM, widest gap first
Sector	More in ALTYMore in INCM	ALTY	INCM
Real Estate	ALTY +30.8 points	30.8%	0.0%
Consumer Staples	INCM +17.4 points	2.1%	19.5%
Technology	ALTY +11.9 points	22.1%	10.2%
Financials	INCM +10.6 points	0.1%	10.7%
Health Care	INCM +7.7 points	1.4%	9.1%
Industrials	INCM +5.2 points	2.0%	7.2%
Materials	INCM +5.0 points	0.3%	5.3%
Communication	ALTY +4.6 points	4.6%	0.0%
Energy	ALTY +3.1 points	21.1%	18.0%
Consumer Discretionary	INCM +2.3 points	3.7%	6.0%
Utilities	INCM +2.2 points	11.8%	14.0%

Country, concentration and asset class

Country by domicile

Country weights in ALTY and INCM, widest gap first
Country	More in ALTYMore in INCM	ALTY	INCM
United States	ALTY +11.0 points	94.7%	83.7%
United Kingdom	INCM +4.9 points	2.4%	7.3%
Switzerland	INCM +2.6 points	0.0%	2.6%
Ireland	INCM +1.5 points	0.0%	1.5%
Germany	INCM +1.4 points	0.0%	1.4%
Netherlands	INCM +1.3 points	0.3%	1.6%
Singapore	ALTY +1.1 points	1.1%	0.0%
Luxembourg	INCM +0.6 points	0.0%	0.6%
Other countries (4)	ALTY +0.4 points	1.6%	1.2%

Concentration

Weight in the 10 largest Holdings

ALTY87.6%
INCM17.0%

Securities held

ALTY21
INCM366

Asset class

ALTY: Equity
INCM: Multi-Asset

Holdings

Only in ALTY21
In both0
Only in INCM366

Only in ALTY

21 securities, 100% of ALTY by weight

Global X Nasd 100 Cov Call20.70%
Global X Emerging Markets Bd20.07%
Global X Us Preferred Etf19.80%
Global X Superdividend Reit19.17%
Northwestern Energy Group1.37%
Sunoco Lp1.33%
Northwest Natural Holding Co1.30%
Firstenergy Corp1.30%
Edison International1.30%
Black Stone Minerals Lp1.29%
Energy Transfer Lp1.28%
Dominion Energy Inc1.28%
Avista Corp1.27%
Antero Midstream Corp1.26%
Western Midstream Partners L1.26%
Mplx Lp1.23%
Alliance Resource Partners1.23%
Portland General Electric Co1.22%
Enterprise Products Partners1.21%
Hess Midstream Lp - Class A1.06%
Other Payable & Receivables0.22%

Only in INCM

366 securities, 95.9% of INCM by weight

Procter & Gamble Co/The2.08%
Exxonmobil Holdings Corp1.73%
JPMorgan Chase 0 1/271.69%
Chevron Corp1.59%
Us Treasury N/ 4.625 8/361.54%
Home Depot Inc1.45%
Morgan Stanley1.42%
Alphabet Inc 5.45 8/361.27%
Shell Plc-Adr1.20%
Duke Energy Corp1.20%
Pepsico Inc1.20%
Us Treasury N/ 5.125 8/561.10%
Roche Holdings Ltd-Spons1.10%
Southern Co/The1.07%
Unilever PLC0.96%
Bnp Paribas Iss Eln 9/270.92%
Air Products & Chemicals0.91%
Mizuho Markets Eln 09/270.89%
Bank of America Corp0.89%
Philip Morris Internation0.82%
Ubs AG 8 4/270.78%
Ubs AG London 8 7/270.78%
Chs/Community 9.75 1/340.76%
Abbv Eln 12/11/20260.75%
Lyondellbasell Indu-Cl A0.71%
Us Treasury N/B 3.5 2/310.70%
Conocophillips0.69%
Oracle Corp0.68%
Citigroup Inc 6.174 5/340.67%
Lockheed Martin Corp0.67%
Target Corp0.67%
Amazon.com Inc 6.1 7/560.66%
Mizuho Mark Eln 9/270.64%
Wells Fargo Bank 8 3/270.63%
Albemarle Corp0.62%
Morgan Stan Fin 0 3/270.62%
Pfizer Inc0.60%
Siemens Ag-Reg0.57%
Toronto-Domini Eln 09/270.57%
Texas Instruments Inc0.56%
Ubs AG 7.5 12/260.56%
Us Bancorp0.54%
Us Treasury N/B 5 5/560.54%
Ares Management Corp0.53%
Skydance Corp 8.25 10/310.53%
Johnson & Johnson0.53%
Astrazeneca PLC0.52%
United Parcel Service-Cl0.52%
Amazon.com Inc 5.3 7/360.52%
Goldman Sachs 5.065 1/370.50%

Weight gaps

ALTY and INCM share no securities.

All 20 ALTY holdings⁠All 404 INCM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ALTY vs INCM Cost

Overpaying ALTY vs INCM

$2,273

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ALTY 0.50%
$9,979
INCM 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

ALTY 0.50%
INCM 0.38%
Overpaying

Year by year

Year	ALTY	INCM	Overpaying
10	$900	$688	$212
20	$3,460	$2,658	$802
30	$9,979	$7,706	$2,273

Expense ratio

0.50%ALTY
0.38%INCM, cheaper

INCM0.38%ALTY0.50%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

INCM 2nd cheapest of 15 funds

ALTY 3rd cheapest of 15 funds

ALTY vs INCM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ALTY 7.99%, better; INCM 5.67%
Payout (12M): ALTY $0.94; INCM $1.66
Last payment: ALTY $0.08; INCM $0.13
Ex-dividend: ALTY Oct 5, 2026; INCM Oct 30, 2026
Paid on: ALTY Oct 13, 2026; INCM Pays Nov 4, 2026
Frequency: ALTY Monthly; INCM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ALTYMonthly · 45 paymentsAll ALTY payments⁠

INCMMonthly · 42 paymentsAll INCM payments⁠

ALTY vs INCM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ALTY 7.6%INCM 7.2%, better
Return per unit of riskSharpe ratio, 3 years: ALTY 1.00INCM 1.19, better
Worst fallMax drawdown, 5 years: ALTY −18.5%INCM −7.8%since Jun 2023
Market sensitivityBeta, 5 years: ALTY 0.79INCM 0.70; Market = 1

Popular comparisons

ALTYBvsIYLDA
Global X Alternative Income ETF · iShares Morningstar Multi-Asset Income ETF
Expense ratio
0.50% · 0.50%
Category
INCMAvsIYLDA
Franklin Income Focus ETF · iShares Morningstar Multi-Asset Income ETF
Expense ratio
0.38% · 0.50%
Category
ALTYBvsINKMA
Global X Alternative Income ETF · State Street Income Allocation ETF
Expense ratio
0.50% · 0.50%
Category
INCMAvsINKMA
Franklin Income Focus ETF · State Street Income Allocation ETF
Expense ratio
0.38% · 0.50%
Category
ALTYBvsMDIVB
Global X Alternative Income ETF · Multi-Asset Diversified Income Index Fund
Expense ratio
0.50% · 0.71%
Category
INCMAvsMDIVB
Franklin Income Focus ETF · Multi-Asset Diversified Income Index Fund
Expense ratio
0.38% · 0.71%
Category