JFLI vs. DBE
JFLI (JPMorgan Flexible Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. JFLI is actively managed, while DBE is passively managed. Over the past year, JFLI returned 21.09% vs 84.41% for DBE. At a correlation of -0.17, they often move in opposite directions. JFLI charges 0.35%/yr vs 0.78%/yr for DBE.
Performance
JFLI vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JFLI achieves a 9.90% return, which is significantly lower than DBE's 83.68% return.
JFLI
- 1D
- -0.32%
- 1M
- 3.80%
- YTD
- 9.90%
- 6M
- 9.51%
- 1Y
- 21.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
JFLI vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLI JPMorgan Flexible Income ETF | 9.90% | 9.49% |
DBE Invesco DB Energy Fund | 83.68% | -5.97% |
Correlation
The correlation between JFLI and DBE is -0.34, 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 (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.17 |
The correlation between JFLI and DBE shifts across timeframes, from -0.34 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JFLI vs. DBE — Risk / Return Rank
JFLI
DBE
JFLI vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and Invesco DB Energy Fund (DBE). 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.
| JFLI | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.40 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 5.89 | -2.72 |
| Martin ratioReturn relative to average drawdown | 15.34 | 11.53 | +3.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JFLI | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.43 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.09 | +1.20 |
Drawdowns
JFLI vs. DBE - Drawdown Comparison
The maximum JFLI drawdown since its inception was -12.87%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for JFLI and DBE.
Loading charts...
Drawdown Indicators
| JFLI | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -86.69% | +73.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -14.41% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -0.32% | -30.27% | +29.95% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -57.31% | +55.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 7.35% | -5.97% |
Volatility
JFLI vs. DBE - Volatility Comparison
The current volatility for JPMorgan Flexible Income ETF (JFLI) is 2.35%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that JFLI experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JFLI | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 12.95% | -10.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 30.86% | -23.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.39% | 34.97% | -26.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 29.39% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.90% | 28.33% | -16.43% |
JFLI vs. DBE - Expense Ratio Comparison
JFLI has a 0.35% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
JFLI vs. DBE - Dividend Comparison
JFLI's dividend yield for the trailing twelve months is around 7.18%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
JFLI JPMorgan Flexible Income ETF | 7.18% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JFLI and DBE have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to JFLI (2.35%). In terms of maximum drawdown, JFLI dropped -12.87% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 21.09% for JFLI. On fees, JFLI is cheaper at 0.35% per year. On volatility, JFLI has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs 21.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JFLI is cheaper with a 0.35% expense ratio, compared with 0.78% for DBE.
JFLI has the higher dividend yield at 7.18%, compared with 2.10% for DBE.
JFLI is categorized as Global Allocation, while DBE is Oil & Gas. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for JFLI and 0.78% for DBE.
JFLI currently has the higher Sharpe Ratio (2.53 vs 2.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for JFLI and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer