INKM vs. JFLI

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR SSgA Income Allocation ETF (INKM) and JPMorgan Flexible Income ETF (JFLI).

INKM and JFLI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012. JFLI is an actively managed fund by JPMorgan. It was launched on Feb 12, 2025.

Performance

INKM vs. JFLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Income Allocation ETF (INKM) and JPMorgan Flexible Income ETF (JFLI). The values are adjusted to include any dividend payments, if applicable.

INKM vs. JFLI - Yearly Performance Comparison

	2026 (YTD)	2025
INKM SPDR SSgA Income Allocation ETF	2.48%	9.15%
JFLI JPMorgan Flexible Income ETF	0.76%	9.49%

Returns By Period

In the year-to-date period, INKM achieves a 2.48% return, which is significantly higher than JFLI's 0.76% return.

INKM

• 1D: 0.20%
• 1M: -3.01%
• YTD: 2.48%
• 6M: 3.39%
• 1Y: 10.75%
• 3Y*: 8.82%
• 5Y*: 4.13%
• 10Y*: 5.48%

JFLI

• 1D: 0.79%
• 1M: -3.09%
• YTD: 0.76%
• 6M: 2.86%
• 1Y: 14.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INKM vs. JFLI - Expense Ratio Comparison

INKM has a 0.50% expense ratio, which is higher than JFLI's 0.35% expense ratio.

INKM

SPDR SSgA Income Allocation ETF

JFLI

JPMorgan Flexible Income ETF

Return for Risk

INKM vs. JFLI — Risk / Return Rank

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

INKM

INKM Risk / Return Rank: 73
INKM Sharpe Ratio Rank: 73
INKM Sortino Ratio Rank: 74
INKM Omega Ratio Rank: 74
INKM Calmar Ratio Rank: 69
INKM Martin Ratio Rank: 74

JFLI

JFLI Risk / Return Rank: 66
JFLI Sharpe Ratio Rank: 64
JFLI Sortino Ratio Rank: 67
JFLI Omega Ratio Rank: 70
JFLI Calmar Ratio Rank: 56
JFLI Martin Ratio Rank: 71

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.

INKM vs. JFLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Income Allocation ETF (INKM) and JPMorgan Flexible Income ETF (JFLI). 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.

	INKM	JFLI	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.18	+0.20
Sortino ratio Return per unit of downside risk	1.95	1.77	+0.18
Omega ratio Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio Return relative to maximum drawdown	1.92	1.56	+0.37
Martin ratio Return relative to average drawdown	8.53	8.07	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INKM vs. JFLI - Sharpe Ratio Comparison

The current INKM Sharpe Ratio is 1.38, which is comparable to the JFLI Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of INKM and JFLI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INKM	JFLI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.18	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.74	-0.19

Correlation

The correlation between INKM and JFLI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

INKM vs. JFLI - Dividend Comparison

INKM's dividend yield for the trailing twelve months is around 5.01%, less than JFLI's 7.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INKM SPDR SSgA Income Allocation ETF	5.01%	5.82%	4.83%	4.56%	5.03%	3.74%	3.88%	4.38%	4.08%	3.10%	3.39%	3.45%
JFLI JPMorgan Flexible Income ETF	7.84%	6.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

INKM vs. JFLI - Drawdown Comparison

The maximum INKM drawdown since its inception was -28.58%, which is greater than JFLI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for INKM and JFLI.

Drawdown Indicators

	INKM	JFLI	Difference
Max Drawdown Largest peak-to-trough decline	-28.58%	-12.87%	-15.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	-9.56%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-19.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.58%	—	—
Current Drawdown Current decline from peak	-3.21%	-3.79%	+0.58%
Average Drawdown Average peak-to-trough decline	-3.73%	-1.58%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	1.84%	-0.54%

Volatility

INKM vs. JFLI - Volatility Comparison

The current volatility for SPDR SSgA Income Allocation ETF (INKM) is 2.97%, while JPMorgan Flexible Income ETF (JFLI) has a volatility of 4.65%. This indicates that INKM experiences smaller price fluctuations and is considered to be less risky than JFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INKM	JFLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	4.65%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	4.62%	6.94%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	7.83%	12.48%	-4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.30%	12.36%	-4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	12.36%	-2.59%