INCM ETF Shows Resilience With Only 7% Decline Amid S&P 500 Collapse

Even as the S&P 500 plunged %18.8 in 2025, INCM limited its loss to %7.2, underscoring the fund's defensive strength.

Inside the Defensive Portfolio Architecture

■INCM blends equities, bonds, convertible securities, and dividend‑focused assets.

■Income target is calibrated to deliver 5‑6% dividend yields.

■Portfolio volatility sits at %6 annually, markedly calmer than the %13 volatility of the S&P 500.

Track Record Through Market Downturns

■In the 2024 sell‑off, the S&P 500 fell %8.4 while INCM lost only %0.9.

■During the 2025 %18.8 plunge, INCM shed %7.2.

■In the 2026 dip of %8.9, INCM remained flat at %0.0.

Volatility vs. Return Comparison

■INCM annualized volatility: %6

■S&P 500 annualized volatility: %13

■Average annual return (2024‑2026): 4.5% (fund) vs 7.2% (major index)

Strategic Edge of the Portfolio Composition

■Diversification across high‑yield equities, credit spreads, and sovereign bonds.

■Cash‑flow‑enhancing structure that preserves capital in market drops.

■Low volatility reduces investor stress and encourages long‑term holding.

Markets gravitate toward stable‑yield, low‑correlation assets during high‑volatility spells, and multi‑asset ETFs like INCM serve as a vital bridge for portfolio protection. EM investors, facing heightened regional risks such as the China real‑estate squeeze and BOJ rate uncertainty, should consider upping exposure to defensive‑oriented ETFs; INCM's low‑volatility profile offers a valuable position in risk‑balanced allocation strategies.