JFLI vs. IVVW
JFLI (JPMorgan Flexible Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both exchange-traded funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while IVVW is a Derivative Income fund tracking the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. JFLI is actively managed, while IVVW is passively managed. Over the past year, JFLI returned 18.06% vs 16.51% for IVVW. Their correlation of 0.81 suggests significant overlap in exposure. JFLI charges 0.35%/yr vs 0.25%/yr for IVVW.
Performance
JFLI vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, JFLI achieves a 9.12% return, which is significantly higher than IVVW's 4.04% return.
JFLI
- 1D
- 0.57%
- 1M
- 0.21%
- YTD
- 9.12%
- 6M
- 8.76%
- 1Y
- 18.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- -0.15%
- YTD
- 4.04%
- 6M
- 3.95%
- 1Y
- 16.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JFLI vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLI JPMorgan Flexible Income ETF | 9.12% | 9.73% |
IVVW iShares S&P 500 BuyWrite ETF | 4.04% | 8.05% |
Correlation
The correlation between JFLI and IVVW is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | 0.81 |
The correlation between JFLI and IVVW has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
JFLI vs. IVVW — Risk / Return Rank
JFLI
IVVW
JFLI vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and iShares S&P 500 BuyWrite ETF (IVVW). 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 | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.85 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.65 | 15.15 | -2.50 |
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Drawdowns
JFLI vs. IVVW - Drawdown Comparison
The maximum JFLI drawdown since its inception was -12.87%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for JFLI and IVVW.
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Drawdown Indicators
| JFLI | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -16.79% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -5.81% | -0.86% |
Current DrawdownCurrent decline from peak | -1.31% | -1.35% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -1.73% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.09% | +0.34% |
Volatility
JFLI vs. IVVW - Volatility Comparison
JPMorgan Flexible Income ETF (JFLI) has a higher volatility of 4.15% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.42%. This indicates that JFLI's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFLI | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.42% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 6.89% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.16% | 8.02% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 12.67% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 12.67% | -0.56% |
JFLI vs. IVVW - Expense Ratio Comparison
JFLI has a 0.35% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
JFLI vs. IVVW - Dividend Comparison
JFLI's dividend yield for the trailing twelve months is around 7.25%, less than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
JFLI JPMorgan Flexible Income ETF | 7.25% | 6.81% | 0.00% |
Frequently Asked Questions
JFLI and IVVW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFLI has higher volatility (4.15%) compared to IVVW (3.42%). In terms of maximum drawdown, JFLI dropped -12.87% vs IVVW's -16.79%.
On 1-year performance, JFLI leads with 18.06% vs 16.51% for IVVW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JFLI has performed better with a 18.06% return vs 16.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.35% for JFLI.
IVVW has the higher dividend yield at 19.86%, compared with 7.25% for JFLI.
JFLI is categorized as Global Allocation, while IVVW is Derivative Income. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JFLI and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.07 vs 1.98), 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.
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