JFLI vs. PHSP.L

Last updated Jun 9, 2026

JFLI (JPMorgan Flexible Income ETF) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while PHSP.L is a Silver fund tracking the LBMA Silver Price. JFLI is actively managed, while PHSP.L is passively managed. Over the past year, JFLI returned 18.61% vs 89.41% for PHSP.L. At a 0.27 correlation, their price movements are largely independent. JFLI charges 0.35%/yr vs 0.49%/yr for PHSP.L.

Performance

JFLI vs. PHSP.L - Performance Comparison

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

Different Trading Currencies

JFLI is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JFLI achieves a 7.84% return, which is significantly higher than PHSP.L's -4.46% return.

JFLI

• 1D: 0.43%
• 1M: 0.27%
• YTD: 7.84%
• 6M: 7.85%
• 1Y: 18.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHSP.L

• 1D: -0.05%
• 1M: -14.48%
• YTD: -4.46%
• 6M: 17.79%
• 1Y: 89.41%
• 3Y*: 40.40%
• 5Y*: 19.14%
• 10Y*: 14.31%

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

JFLI vs. PHSP.L - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	7.84%	9.49%
PHSP.L WisdomTree Physical Silver	-4.46%	120.63%

Correlation

The correlation between JFLI and PHSP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.27

Return for Risk

JFLI vs. PHSP.L — Risk / Return Rank

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

JFLI

JFLI Risk / Return Rank: 73
JFLI Sharpe Ratio Rank: 74
JFLI Sortino Ratio Rank: 74
JFLI Omega Ratio Rank: 78
JFLI Calmar Ratio Rank: 62
JFLI Martin Ratio Rank: 77

PHSP.L

PHSP.L Risk / Return Rank: 50
PHSP.L Sharpe Ratio Rank: 55
PHSP.L Sortino Ratio Rank: 47
PHSP.L Omega Ratio Rank: 57
PHSP.L Calmar Ratio Rank: 53
PHSP.L Martin Ratio Rank: 36

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. PHSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and WisdomTree Physical Silver (PHSP.L). 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	PHSP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.59	+0.55
Sortino ratio: Return per unit of downside risk	2.95	2.01	+0.94
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	2.80	2.18	+0.62
Martin ratio: Return relative to average drawdown	13.38	4.66	+8.72
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. PHSP.L - Sharpe Ratio Comparison

The current JFLI Sharpe Ratio is 2.14, which is higher than the PHSP.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of JFLI and PHSP.L, 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	PHSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.59	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.08	+1.05

Drawdowns

JFLI vs. PHSP.L - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, smaller than the maximum PHSP.L drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for JFLI and PHSP.L.

Drawdown Indicators

	JFLI	PHSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-77.00%	+64.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-40.88%	+34.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.76%	—
Current Drawdown Current decline from peak	-2.19%	-40.05%	+37.86%
Average Drawdown Average peak-to-trough decline	-1.44%	-52.75%	+51.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	19.13%	-17.74%

Volatility

JFLI vs. PHSP.L - Volatility Comparison

The current volatility for JPMorgan Flexible Income ETF (JFLI) is 3.23%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 16.82%. This indicates that JFLI experiences smaller price fluctuations and is considered to be less risky than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFLI	PHSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	16.82%	-13.59%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	53.16%	-45.81%
Volatility (1Y) Calculated over the trailing 1-year period	8.74%	55.91%	-47.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.03%	37.93%	-25.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.03%	32.23%	-20.20%

JFLI vs. PHSP.L - Expense Ratio Comparison

JFLI has a 0.35% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.

Dividends

JFLI vs. PHSP.L - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.33%, while PHSP.L has not paid dividends to shareholders.

Position	TTM	2025
JFLI JPMorgan Flexible Income ETF	7.33%	6.81%
PHSP.L WisdomTree Physical Silver	0.00%	0.00%

Frequently Asked Questions

Can I hold both JFLI and PHSP.L in my portfolio?

JFLI and PHSP.L have a correlation of 0.35, 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 PHSP.L?

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 PHSP.L?

JFLI is cheaper with a 0.35% expense ratio, compared with 0.49% for PHSP.L.

What is the main difference between JFLI and PHSP.L?

JFLI is categorized as Global Allocation, while PHSP.L is Silver. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.35% for JFLI and 0.49% for PHSP.L.