JFLI vs. PIMIX

Last updated Jun 4, 2026

JFLI (JPMorgan Flexible Income ETF) and PIMIX (PIMCO Income Fund Institutional Class) are both funds - JFLI is a Global Allocation fund actively managed by JPMorgan, while PIMIX is a Total Bond Market fund managed by PIMCO. Over the past year, JFLI returned 21.09% vs 8.39% for PIMIX. At a 0.38 correlation, their price movements are largely independent. JFLI charges 0.35%/yr vs 0.62%/yr for PIMIX.

Performance

JFLI vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Income ETF (JFLI) and PIMCO Income Fund Institutional Class (PIMIX). 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 PIMIX's 1.00% return.

JFLI

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

PIMIX

• 1D: 0.18%
• 1M: 0.91%
• YTD: 1.00%
• 6M: 1.41%
• 1Y: 8.39%
• 3Y*: 7.87%
• 5Y*: 3.53%
• 10Y*: 4.71%

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

JFLI vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025
JFLI JPMorgan Flexible Income ETF	9.90%	9.49%
PIMIX PIMCO Income Fund Institutional Class	1.00%	9.46%

Correlation

The correlation between JFLI and PIMIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.38

The correlation between JFLI and PIMIX shifts across timeframes, from 0.38 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JFLI vs. PIMIX — 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

PIMIX

PIMIX Risk / Return Rank: 45
PIMIX Sharpe Ratio Rank: 48
PIMIX Sortino Ratio Rank: 53
PIMIX Omega Ratio Rank: 52
PIMIX Calmar Ratio Rank: 37
PIMIX 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. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and PIMCO Income Fund Institutional Class (PIMIX). 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	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.04	+0.49
Sortino ratio: Return per unit of downside risk	3.58	3.07	+0.52
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.09
Calmar ratio: Return relative to maximum drawdown	3.17	2.29	+0.88
Martin ratio: Return relative to average drawdown	15.34	7.97	+7.38
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. PIMIX - Sharpe Ratio Comparison

The current JFLI Sharpe Ratio is 2.53, which is comparable to the PIMIX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of JFLI and PIMIX, 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	PIMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.04	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.57	-0.27

Drawdowns

JFLI vs. PIMIX - Drawdown Comparison

The maximum JFLI drawdown since its inception was -12.87%, roughly equal to the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for JFLI and PIMIX.

Drawdown Indicators

	JFLI	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-13.39%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-3.69%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.39%	—
Current Drawdown Current decline from peak	-0.32%	-0.93%	+0.61%
Average Drawdown Average peak-to-trough decline	-1.44%	-1.69%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	1.06%	+0.32%

Volatility

JFLI vs. PIMIX - Volatility Comparison

JPMorgan Flexible Income ETF (JFLI) has a higher volatility of 2.35% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.68%. This indicates that JFLI's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFLI	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	1.68%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	3.29%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	4.15%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	4.84%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	4.25%	+7.65%

JFLI vs. PIMIX - Expense Ratio Comparison

JFLI has a 0.35% expense ratio, which is lower than PIMIX's 0.62% expense ratio.

Dividends

JFLI vs. PIMIX - Dividend Comparison

JFLI's dividend yield for the trailing twelve months is around 7.18%, more than PIMIX's 5.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFLI JPMorgan Flexible Income ETF	7.18%	6.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PIMIX PIMCO Income Fund Institutional Class	5.83%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%

Frequently Asked Questions

Can I hold both JFLI and PIMIX in my portfolio?

JFLI and PIMIX have a correlation of 0.49, 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 PIMIX?

JFLI has higher volatility (2.35%) compared to PIMIX (1.68%). In terms of maximum drawdown, JFLI dropped -12.87% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

JFLI currently has the higher Sharpe Ratio (2.53 vs 2.04), 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.