DDV vs INCE: Grades, Fees and Holdings Compared

Defined Duration 5 ETF

DDVBCboe

Franklin Income Equity Focus ETF

INCEANYSE Arca

Overlap

0.0%by weight

Expense ratio

DDV −0.04pt a year

DDV0.25%INCE0.29%

Avg volume · 30D

INCE 14.9×the volume

DDV3.18KINCE47.3K

DDV vs INCE Performance

Dec 31, 2025 – Nov 2, 2026

+2.9%DDV+18.1%INCE

Expense ratio: DDV 0.25%, better; INCE 0.29%
Fund size: DDV $19M; INCE $368M
1Y total return: DDV No data; INCE +22.8%
Yield (12M): DDV No data; INCE 4.96%
Holdings: DDV 6; INCE 115
Avg volume (30D): DDV 3.18K sh; INCE 47.3K sh, better
NAV per share: DDV $25.21; INCE $68.80
52W range

ETF.net Grade

Pillar letters and Scores for DDV, INCE, with each pillar’s weight
Pillar	DDV	INCE
Cost30% weight	A86Higher	A82
Mission25% weight	Not scored	Not scored
Risk15% weight	A76Higher	B64
Tradability15% weight	D37	B65Higher
Holdings10% weight	Not scored	A74
Durability5% weight	F15	A85Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. DDV and INCE are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds

See all 37 ›

INCE ranks 4th and DDV 7th of 37 funds in the Multi-Asset Allocation Category.

Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
Rank 3AIRTRiShares LifePath Retirement ETFScore 86
Rank 4AINCEFranklin Income Equity Focus ETFScore 74
Rank 5AGAACambria Global Asset Allocation ETFScore 71
Rank 6ATRTYCambria Trinity ETFScore 70
Rank 7BDDVDefined Duration 5 ETFScore 67
Rank 8BGALState Street Global Allocation ETFScore 64

Our read on each fund

ETF.net Research

DDVBDefined Duration 5 ETF

INCEAFranklin Income Equity Focus ETF

In short

DDV No data

INCE Franklin's income playbook run through stocks instead of bonds: roughly 100 equity-focused positions, monthly payouts, and an objective that targets lower volatility than the S&P 500, at a fee well under the typical allocation fund.

Stated mandate

DDV No data

INCE The Fund seeks income from equity securities and related instruments while also pursuing capital appreciation and lower volatility than the S&P 500 Index.

Why people hold it

DDV No data

INCE 0.29% a year, less than half what the typical allocation fund charges.
Income is the job, and it shows up monthly. The mandate also lets managers move across debt and equity markets rather than sit in one lane.
The stated goal is not yield alone: income, capital appreciation, and lower volatility than the S&P 500 are all written into the objective.
Undercuts its multi-asset sibling INCM (0.38%) on fee, and sits among the stronger names in a crowded allocation field.

Worth knowing

DDV No data

INCE Small and lightly traded next to the giants of its category, so spreads can widen. Limit orders are the norm here.
Distributions may include return of capital, so part of a monthly payout can be your own money coming back.
Equity-forward by design. The aim is a smoother ride than the S&P 500, not bond-like steadiness.

Full DDV profile⁠

Full INCE profile⁠

DDV vs INCE Holdings

How DDV and INCE differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DDV and 0.0% of INCE.

Level by level

Holdings0 in both0.0%
Countryby domicile49.8%
Sector11 Sectors74.1%
Asset classEquity100%

Sector

Sector weights in DDV and INCE, widest gap first
Sector	More in DDVMore in INCE	DDV	INCE
Utilities	INCE +9.9 points	3.5%	13.4%
Financials	DDV +9.2 points	23.8%	14.6%
Technology	DDV +8.5 points	15.5%	7.0%
Consumer Staples	INCE +8.0 points	6.7%	14.7%
Energy	INCE +5.7 points	6.3%	12.0%
Industrials	DDV +4.4 points	15.8%	11.5%
Real Estate	DDV +2.3 points	2.3%	0.0%
Health Care	INCE +2.1 points	11.3%	13.4%
Consumer Discretionary	DDV +1.5 points	5.8%	4.3%
Materials	INCE +0.2 points	5.3%	5.5%
Communication	INCE +0.1 points	3.6%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in DDV and INCE, widest gap first
Country	More in DDVMore in INCE	DDV	INCE
United States	INCE +50.2 points	43.9%	94.1%
Japan	DDV +12.7 points	12.7%	0.0%
Canada	DDV +6.3 points	6.3%	0.0%
South Korea	DDV +4.5 points	4.5%	0.0%
United Kingdom	DDV +4.3 points	6.1%	1.8%
Germany	DDV +3.5 points	3.5%	0.0%
Australia	DDV +3.2 points	3.2%	0.0%
Switzerland	DDV +2.6 points	4.3%	1.7%
Other countries (21)	DDV +13.1 points	15.5%	2.4%

Outside the US: DDV 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

DDV100.0%
INCE25.6%

Securities held

DDV5
INCE110

Asset class

DDV: Equity
INCE: Equity

Holdings

Only in DDV5
In both0
Only in INCE110

Only in DDV

5 securities, 99.2% of DDV by weight

United States Treasury Note/Bond 3.875% 04/30/203132.85%
First American Government Obligations Fund 12/01/203130.60%
United States Treasury Note/Bond 3.5% 03/15/202923.25%
State Street SPDR Portfolio Developed World ex-US ETF7.09%
Vanguard Morningstar Value ETF5.42%

Only in INCE

110 securities, 98.7% of INCE by weight

Chevron Corp3.86%
Verizon Communications In2.81%
Procter & Gamble Co/The2.74%
Lockheed Martin Corp2.63%
Pepsico Inc2.52%
Southern Co/The2.50%
Mizuho Markets Eln 10/272.44%
Citigroup Glob Eln 10/272.43%
Duke Energy Corp2.12%
Medtronic PLC2.05%
Us Bancorp1.95%
Wells Fargo Eln 10/271.82%
Philip Morris Internation1.77%
JPMorgan Chase & Co1.73%
Coca-Cola Co/The1.67%
Toronto-Dom Eln 10/271.66%
Air Products & Chemicals1.65%
Johnson & Johnson1.60%
Morgan Stanley Eln 10/271.59%
Abbott Laboratories1.53%
Totalenergies SE1.51%
Conocophillips1.34%
Hp Enterprise Co1.24%
Nextera Energy Inc1.23%
Home Depot Inc1.19%
Pfizer Inc1.16%
Merrill Lynch Eln 10/271.16%
Bank of America Corp1.13%
Mcdonald's Corp1.13%
Exxonmobil Holdings Corp1.10%
Nestle Sa-Spons Adr1.05%
Mizuho Mark Eln 9/271.02%
Bnp Paribas Eln 10/271.02%
United Parcel Service-Cl1.00%
Nextera Energy Inc0.99%
Albemarle Corp0.99%
Barclays Bank P Eln 04/270.97%
Bnp Paribas Iss Eln 10/270.92%
Royal Bk Canada Eln 10/270.92%
Boeing Co/The0.89%
JPMorgan Chase 0 1/270.88%
Rtx Corp0.87%
Morgan Stanley0.86%
Oracle Corp0.86%
Sempra0.86%
Cvs Health Corp0.84%
Texas Instruments Inc0.83%
Union Pacific Corp0.79%
Johnson Controls Internat0.78%
Jp Morgan Chase 0 11/270.77%

Weight gaps

DDV and INCE share no securities.

All DDV holdings⁠All 113 INCE 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.

DDV vs INCE Cost

Overpaying INCE vs DDV

$793

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

DDV 0.25%
$5,159
INCE 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

DDV 0.25%
INCE 0.29%
Overpaying

Year by year

Year	DDV	INCE	Overpaying
10	$455	$527	$72
20	$1,769	$2,044	$275
30	$5,159	$5,952	$793

Expense ratio

0.25%DDV, cheaper
0.29%INCE

DDV0.25%INCE0.29%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

DDV 6th cheapest of 37 funds

INCE 7th cheapest of 37 funds

DDV vs INCE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DDV No data; INCE 4.96%
Payout (12M): DDV No data; INCE $3.42
Last payment: DDV $0.19; INCE $0.30
Ex-dividend: DDV Sep 28, 2026; INCE Oct 30, 2026
Paid on: DDV Sep 30, 2026; INCE Pays Nov 4, 2026
Frequency: DDV Quarterly; INCE Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DDVQuarterly · 4 paymentsAll DDV payments⁠

INCEMonthly · 34 paymentsAll INCE payments⁠

DDV vs INCE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DDV No dataINCE 10.8%
Return per unit of riskSharpe ratio, 3 years: DDV No dataINCE 1.28
Worst fallMax drawdown, 5 years: DDV No dataINCE −18.4%
Market sensitivityBeta, 5 years: DDV 0.16INCE 0.60; Market = 1

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