JFLI vs. KEAT

Last updated Jun 4, 2026

JFLI (JPMorgan Flexible Income ETF) and KEAT (Keating Active ETF) are both Global Allocation funds. Both are actively managed. Over the past year, JFLI returned 21.09% vs 24.92% for KEAT. At a 0.43 correlation, their price movements are largely independent. JFLI charges 0.35%/yr vs 0.85%/yr for KEAT.

Performance

JFLI vs. KEAT - Performance Comparison

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

Returns By Period

In the year-to-date period, JFLI achieves a 9.90% return, which is significantly higher than KEAT's 9.05% return.

JFLI

• 1D: -0.32%
• 1M: 3.80%
• YTD: 9.90%
• 6M: 9.51%
• 1Y: 21.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KEAT

• 1D: -0.72%
• 1M: -1.47%
• YTD: 9.05%
• 6M: 9.91%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFLI vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	9.90%	9.49%
KEAT Keating Active ETF	9.05%	18.69%

Correlation

The correlation between JFLI and KEAT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.43

JFLI vs. KEAT - Sectors Allocation Comparison

Sectors	JFLI	KEAT
Technology	28.4%	-
Financial Services	10.4%	1.0%
Communication Services	9.8%	15.0%
Consumer Cyclical	9.3%	-
Consumer Defensive	8.1%	22.2%
Industrials	7.8%	4.3%
Healthcare	7.2%	5.3%
Utilities	6.5%	-
Energy	5.0%	30.9%
Real Estate	4.6%	0.6%
Basic Materials	3.1%	21.7%

Return for Risk

JFLI vs. KEAT — Risk / Return Rank

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

JFLI

JFLI Risk / Return Rank: 76
JFLI Sharpe Ratio Rank: 77
JFLI Sortino Ratio Rank: 79
JFLI Omega Ratio Rank: 80
JFLI Calmar Ratio Rank: 64
JFLI Martin Ratio Rank: 79

KEAT

KEAT Risk / Return Rank: 73
KEAT Sharpe Ratio Rank: 75
KEAT Sortino Ratio Rank: 73
KEAT Omega Ratio Rank: 73
KEAT Calmar Ratio Rank: 80
KEAT Martin Ratio Rank: 63

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. KEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.44	+0.08
Sortino ratio: Return per unit of downside risk	3.58	3.32	+0.26
Omega ratio: Gain probability vs. loss probability	1.48	1.44	+0.05
Calmar ratio: Return relative to maximum drawdown	3.17	4.14	-0.97
Martin ratio: Return relative to average drawdown	15.34	11.38	+3.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JFLI vs. KEAT - Sharpe Ratio Comparison

The current JFLI Sharpe Ratio is 2.53, which is comparable to the KEAT Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JFLI and KEAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JFLI	KEAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.44	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.52	-0.23

Drawdowns

JFLI vs. KEAT - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, which is greater than KEAT's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for JFLI and KEAT.

Drawdown Indicators

	JFLI	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-7.45%	-5.42%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-6.04%	-0.63%
Current Drawdown Current decline from peak	-0.32%	-5.92%	+5.60%
Average Drawdown Average peak-to-trough decline	-1.44%	-1.57%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	2.20%	-0.82%

Volatility

JFLI vs. KEAT - Volatility Comparison

The current volatility for JPMorgan Flexible Income ETF (JFLI) is 2.35%, while Keating Active ETF (KEAT) has a volatility of 2.55%. This indicates that JFLI experiences smaller price fluctuations and is considered to be less risky than KEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFLI	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.55%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	8.32%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	10.25%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	10.27%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	10.27%	+1.63%

JFLI vs. KEAT - Expense Ratio Comparison

JFLI has a 0.35% expense ratio, which is lower than KEAT's 0.85% expense ratio.

Dividends

JFLI vs. KEAT - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.18%, more than KEAT's 2.25% yield.

Position	TTM	2025	2024
JFLI JPMorgan Flexible Income ETF	7.18%	6.81%	0.00%
KEAT Keating Active ETF	2.25%	2.48%	1.72%

Frequently Asked Questions

Can I hold both JFLI and KEAT in my portfolio?

JFLI and KEAT have a correlation of 0.40, 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 KEAT?

KEAT has higher volatility (2.55%) compared to JFLI (2.35%). In terms of maximum drawdown, JFLI dropped -12.87% vs KEAT's -7.45%.

Which ETF is better, JFLI or KEAT?

On 1-year performance, KEAT leads with 24.92% 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.

Which ETF has performed better, JFLI or KEAT?

Over the 1-year period, KEAT has performed better with a 24.92% return vs 21.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JFLI or KEAT?

JFLI is cheaper with a 0.35% expense ratio, compared with 0.85% for KEAT.

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

JFLI has the higher dividend yield at 7.18%, compared with 2.25% for KEAT.

What is the main difference between JFLI and KEAT?

They also come from different issuers: JPMorgan and Keating. Their fees differ too: 0.35% for JFLI and 0.85% for KEAT.

Which has better risk-adjusted returns?

JFLI currently has the higher Sharpe Ratio (2.53 vs 2.44), 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.