JFLI vs. JEPQ

Last updated Jun 24, 2026

JFLI (JPMorgan Flexible Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JFLI is actively managed, while JEPQ is passively managed. Over the past year, JFLI returned 19.02% vs 25.10% for JEPQ. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

JFLI vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Income ETF (JFLI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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 higher than JEPQ's 7.85% return.

JFLI

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

JEPQ

• 1D: -2.48%
• 1M: 0.34%
• YTD: 7.85%
• 6M: 7.02%
• 1Y: 25.10%
• 3Y*: 19.79%
• 5Y*: —
• 10Y*: —

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

JFLI vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	9.03%	9.73%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	11.77%

Correlation

The correlation between JFLI and JEPQ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.85

The correlation between JFLI and JEPQ has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

JFLI vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 63
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 55
JEPQ Omega Ratio Rank: 66
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 74

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.93	+0.16
Sortino ratio: Return per unit of downside risk	2.91	2.57	+0.35
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.02
Calmar ratio: Return relative to maximum drawdown	2.86	2.86	0.00
Martin ratio: Return relative to average drawdown	13.39	13.55	-0.16

JFLI vs. JEPQ - Sharpe Ratio Comparison

The current JFLI Sharpe Ratio is 2.09, which is comparable to the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of JFLI and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JFLI vs. JEPQ - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JFLI and JEPQ.

Drawdown Indicators

	JFLI	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-20.07%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-8.82%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-1.39%	-2.48%	+1.09%
Average Drawdown Average peak-to-trough decline	-1.43%	-3.40%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	1.86%	-0.44%

Volatility

JFLI vs. JEPQ - Volatility Comparison

The current volatility for JPMorgan Flexible Income ETF (JFLI) is 4.13%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that JFLI experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFLI	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	6.27%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	10.58%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	13.08%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.13%	16.79%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.13%	16.79%	-4.66%

JFLI vs. JEPQ - Expense Ratio Comparison

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

Dividends

JFLI vs. JEPQ - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.25%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%
JFLI JPMorgan Flexible Income ETF	7.25%	6.81%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JFLI and JEPQ in my portfolio?

JFLI and JEPQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JFLI or JEPQ?

JEPQ has higher volatility (6.27%) compared to JFLI (4.13%). In terms of maximum drawdown, JFLI dropped -12.87% vs JEPQ's -20.07%.

Which ETF is better, JFLI or JEPQ?

On 1-year performance, JEPQ leads with 25.10% vs 19.02% for JFLI. Both ETFs have the same 0.35% expense ratio. On volatility, JFLI has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JFLI or JEPQ?

Over the 1-year period, JEPQ has performed better with a 25.10% return vs 19.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JFLI or JEPQ?

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

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

JEPQ has the higher dividend yield at 10.22%, compared with 7.25% for JFLI.

What is the main difference between JFLI and JEPQ?

JFLI is categorized as Global Allocation, while JEPQ is Nasdaq-100.

Which has better risk-adjusted returns?

JFLI currently has the higher Sharpe Ratio (2.09 vs 1.93), 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.