JFLI vs. NMBL

Last updated Jun 5, 2026

JFLI (JPMorgan Flexible Income ETF) and NMBL (NovaTide Flexible Allocation ETF) are both Global Allocation funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. JFLI charges 0.35%/yr vs 1.99%/yr for NMBL.

Performance

JFLI vs. NMBL - Performance Comparison

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

Returns By Period

In the year-to-date period, JFLI achieves a 9.95% return, which is significantly higher than NMBL's 7.61% return.

JFLI

• 1D: 0.05%
• 1M: 3.14%
• YTD: 9.95%
• 6M: 9.72%
• 1Y: 21.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NMBL

• 1D: 2.19%
• 1M: 2.43%
• YTD: 7.61%
• 6M: 7.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFLI vs. NMBL - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	9.95%	1.34%
NMBL NovaTide Flexible Allocation ETF	7.61%	-0.27%

Correlation

The correlation between JFLI and NMBL is 0.85, 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 Nov 3, 2025	0.85

Return for Risk

JFLI vs. NMBL — Risk / Return Rank

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

JFLI

JFLI Risk / Return Rank: 77
JFLI Sharpe Ratio Rank: 79
JFLI Sortino Ratio Rank: 81
JFLI Omega Ratio Rank: 81
JFLI Calmar Ratio Rank: 66
JFLI Martin Ratio Rank: 79

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. NMBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and NovaTide Flexible Allocation ETF (NMBL). 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	NMBL	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.57	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	15.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JFLI	NMBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	1.06	+0.24

Drawdowns

JFLI vs. NMBL - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, which is greater than NMBL's maximum drawdown of -8.05%. Use the drawdown chart below to compare losses from any high point for JFLI and NMBL.

Drawdown Indicators

	JFLI	NMBL	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-8.05%	-4.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	—	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.43%	-1.92%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	—	—

Volatility

Volatility by Period

	JFLI	NMBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.38%	12.20%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.88%	12.20%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.88%	12.20%	-0.32%

JFLI vs. NMBL - Expense Ratio Comparison

JFLI has a 0.35% expense ratio, which is lower than NMBL's 1.99% expense ratio.

Dividends

JFLI vs. NMBL - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.81%, more than NMBL's 0.86% yield.

Position	TTM	2025
JFLI JPMorgan Flexible Income ETF	7.81%	6.81%
NMBL NovaTide Flexible Allocation ETF	0.86%	0.93%

Frequently Asked Questions

Can I hold both JFLI and NMBL in my portfolio?

JFLI and NMBL have a correlation of 0.85, 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 NMBL?

On fees, JFLI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JFLI or NMBL?

JFLI is cheaper with a 0.35% expense ratio, compared with 1.99% for NMBL.

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

JFLI has the higher dividend yield at 7.81%, compared with 0.86% for NMBL.

What is the main difference between JFLI and NMBL?

They also come from different issuers: JPMorgan and NovaTide. Their fees differ too: 0.35% for JFLI and 1.99% for NMBL.