JFLI vs. BALQ

Last updated Jun 24, 2026

JFLI (JPMorgan Flexible Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both exchange-traded funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while BALQ is a Nasdaq-100 fund actively managed by iShares. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

JFLI vs. BALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Income ETF (JFLI) and iShares Nasdaq Premium Income Active ETF (BALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFLI achieves a 9.03% return, which is significantly lower than BALQ's 18.59% return.

JFLI

• 1D: -1.27%
• 1M: 0.79%
• YTD: 9.03%
• 6M: 8.99%
• 1Y: 19.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALQ

• 1D: -3.11%
• 1M: -0.12%
• YTD: 18.59%
• 6M: 17.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFLI vs. BALQ - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	9.03%	-0.05%
BALQ iShares Nasdaq Premium Income Active ETF	18.59%	0.04%

Correlation

The correlation between JFLI and BALQ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.90

Return for Risk

JFLI vs. BALQ — Risk / Return Rank

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

JFLI

JFLI Risk / Return Rank: 70
JFLI Sharpe Ratio Rank: 69
JFLI Sortino Ratio Rank: 69
JFLI Omega Ratio Rank: 73
JFLI Calmar Ratio Rank: 62
JFLI Martin Ratio Rank: 76

BALQ

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.

JFLI vs. BALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and iShares Nasdaq Premium Income Active ETF (BALQ). 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.

	JFLI	BALQ	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	13.39	—	—

Drawdowns

JFLI vs. BALQ - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for JFLI and BALQ.

Drawdown Indicators

	JFLI	BALQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-11.79%	-1.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	—	—
Current Drawdown Current decline from peak	-1.39%	-3.71%	+2.32%
Average Drawdown Average peak-to-trough decline	-1.43%	-2.40%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	—	—

Volatility

Volatility by Period

	JFLI	BALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	20.62%	-11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.13%	20.62%	-8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.13%	20.62%	-8.49%

JFLI vs. BALQ - Expense Ratio Comparison

Both JFLI and BALQ have an expense ratio of 0.35%.

Dividends

JFLI vs. BALQ - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.25%, more than BALQ's 4.76% yield.

Position	TTM	2025
BALQ iShares Nasdaq Premium Income Active ETF	4.76%	0.95%
JFLI JPMorgan Flexible Income ETF	7.25%	6.81%

Frequently Asked Questions

Can I hold both JFLI and BALQ in my portfolio?

JFLI and BALQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JFLI or BALQ?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JFLI or BALQ?

JFLI and BALQ have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, JFLI or BALQ?

JFLI has the higher dividend yield at 7.25%, compared with 4.76% for BALQ.

What is the main difference between JFLI and BALQ?

JFLI is categorized as Global Allocation, while BALQ is Nasdaq-100. They also come from different issuers: JPMorgan and iShares.