JFLI vs. PPI
JFLI (JPMorgan Flexible Income ETF) and PPI (Astoria Real Assets ETF) are both Global Allocation funds. Both are actively managed. Over the past year, JFLI returned 21.09% vs 38.26% for PPI. A 0.72 correlation means they provide meaningful diversification when combined. JFLI charges 0.35%/yr vs 0.58%/yr for PPI.
Performance
JFLI vs. PPI - Performance Comparison
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Returns By Period
In the year-to-date period, JFLI achieves a 9.90% return, which is significantly lower than PPI's 16.52% return.
JFLI
- 1D
- -0.32%
- 1M
- 3.80%
- YTD
- 9.90%
- 6M
- 9.51%
- 1Y
- 21.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPI
- 1D
- -0.13%
- 1M
- -0.86%
- YTD
- 16.52%
- 6M
- 17.66%
- 1Y
- 38.26%
- 3Y*
- 22.47%
- 5Y*
- —
- 10Y*
- —
JFLI vs. PPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLI JPMorgan Flexible Income ETF | 9.90% | 9.49% |
PPI Astoria Real Assets ETF | 16.52% | 23.32% |
Correlation
The correlation between JFLI and PPI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.72 |
The correlation between JFLI and PPI has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
JFLI vs. PPI - Sectors Allocation Comparison
Sectors
JFLI
PPI
Technology
Financial Services
-
Communication Services
-
Consumer Cyclical
Consumer Defensive
-
Industrials
Healthcare
-
Utilities
Energy
Real Estate
Basic Materials
Technology
JFLI
PPI
Financial Services
JFLI
PPI
-
Communication Services
JFLI
PPI
-
Consumer Cyclical
JFLI
PPI
Consumer Defensive
JFLI
PPI
-
Industrials
JFLI
PPI
Healthcare
JFLI
PPI
-
Utilities
JFLI
PPI
Energy
JFLI
PPI
Real Estate
JFLI
PPI
Basic Materials
JFLI
PPI
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Return for Risk
JFLI vs. PPI — Risk / Return Rank
JFLI
PPI
JFLI vs. PPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Income ETF (JFLI) and Astoria Real Assets ETF (PPI). 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 | PPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.43 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 4.82 | -1.65 |
| Martin ratioReturn relative to average drawdown | 15.34 | 15.72 | -0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JFLI | PPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.45 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.80 | +0.49 |
Drawdowns
JFLI vs. PPI - Drawdown Comparison
The maximum JFLI drawdown since its inception was -12.87%, smaller than the maximum PPI drawdown of -24.54%. Use the drawdown chart below to compare losses from any high point for JFLI and PPI.
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Drawdown Indicators
| JFLI | PPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -24.54% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -7.98% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.70% | — |
Current DrawdownCurrent decline from peak | -0.32% | -3.26% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -6.50% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.44% | -1.06% |
Volatility
JFLI vs. PPI - Volatility Comparison
The current volatility for JPMorgan Flexible Income ETF (JFLI) is 2.35%, while Astoria Real Assets ETF (PPI) has a volatility of 4.37%. This indicates that JFLI experiences smaller price fluctuations and is considered to be less risky than PPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFLI | PPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 4.37% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 12.56% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.39% | 15.73% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 19.04% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.90% | 19.04% | -7.14% |
JFLI vs. PPI - Expense Ratio Comparison
JFLI has a 0.35% expense ratio, which is lower than PPI's 0.58% expense ratio.
Dividends
JFLI vs. PPI - Dividend Comparison
JFLI's dividend yield for the trailing twelve months is around 7.18%, more than PPI's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JFLI JPMorgan Flexible Income ETF | 7.18% | 6.81% | 0.00% | 0.00% | 0.00% |
PPI Astoria Real Assets ETF | 1.01% | 1.06% | 0.60% | 2.87% | 2.40% |
Frequently Asked Questions
JFLI and PPI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPI has higher volatility (4.37%) compared to JFLI (2.35%). In terms of maximum drawdown, JFLI dropped -12.87% vs PPI's -24.54%.
On 1-year performance, PPI leads with 38.26% 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.
Over the 1-year period, PPI has performed better with a 38.26% return vs 21.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JFLI is cheaper with a 0.35% expense ratio, compared with 0.58% for PPI.
JFLI has the higher dividend yield at 7.18%, compared with 1.01% for PPI.
They also come from different issuers: JPMorgan and AXS. Their fees differ too: 0.35% for JFLI and 0.58% for PPI.
JFLI currently has the higher Sharpe Ratio (2.53 vs 2.45), 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.
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