AFIF vs. JMMF

Last updated Jun 25, 2026

AFIF (Anfield Universal Fixed Income ETF) and JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) are both exchange-traded funds - AFIF is a Multisector Bonds fund actively managed by Regents Park Funds, while JMMF is a Money Market fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. AFIF charges 1.08%/yr vs 0.16%/yr for JMMF.

Performance

AFIF vs. JMMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Universal Fixed Income ETF (AFIF) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFIF achieves a 1.55% return, which is significantly lower than JMMF's 1.64% return.

AFIF

• 1D: -0.05%
• 1M: 0.43%
• YTD: 1.55%
• 6M: 1.55%
• 1Y: 4.88%
• 3Y*: 7.41%
• 5Y*: 3.74%
• 10Y*: —

JMMF

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.64%
• 6M: 1.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFIF vs. JMMF - Yearly Performance Comparison

	2026 (YTD)	2025
AFIF Anfield Universal Fixed Income ETF	1.55%	0.30%
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.64%	0.17%

Correlation

The correlation between AFIF and JMMF is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.11

Return for Risk

AFIF vs. JMMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFIF

AFIF Risk / Return Rank: 69
AFIF Sharpe Ratio Rank: 62
AFIF Sortino Ratio Rank: 64
AFIF Omega Ratio Rank: 72
AFIF Calmar Ratio Rank: 68
AFIF Martin Ratio Rank: 78

JMMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFIF vs. JMMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Universal Fixed Income ETF (AFIF) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFIF	JMMF	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	13.29	—	—

Drawdowns

AFIF vs. JMMF - Drawdown Comparison

The maximum AFIF drawdown since its inception was -10.29%, which is greater than JMMF's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for AFIF and JMMF.

Drawdown Indicators

	AFIF	JMMF	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-0.14%	-10.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-2.21%	-0.01%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	—	—

Volatility

Volatility by Period

	AFIF	JMMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	0.51%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.40%	0.51%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	0.51%	+5.73%

AFIF vs. JMMF - Expense Ratio Comparison

AFIF has a 1.08% expense ratio, which is higher than JMMF's 0.16% expense ratio.

Dividends

AFIF vs. JMMF - Dividend Comparison

AFIF's dividend yield for the trailing twelve months is around 3.73%, more than JMMF's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AFIF Anfield Universal Fixed Income ETF	3.73%	3.52%	5.61%	5.91%	3.49%	1.73%	1.25%	2.54%	0.69%
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.80%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFIF and JMMF in my portfolio?

AFIF and JMMF have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFIF or JMMF?

On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFIF or JMMF?

JMMF is cheaper with a 0.16% expense ratio, compared with 1.08% for AFIF.

Which ETF pays a higher dividend yield, AFIF or JMMF?

AFIF has the higher dividend yield at 3.73%, compared with 1.80% for JMMF.

What is the main difference between AFIF and JMMF?

AFIF is categorized as Multisector Bonds, while JMMF is Money Market. They also come from different issuers: Regents Park Funds and JPMorgan. Their fees differ too: 1.08% for AFIF and 0.16% for JMMF.