JFLX vs. JEPI
JFLX (JPMorgan Flexible Debt ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JFLX is a Nontraditional Bonds fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. JFLX charges 0.45%/yr vs 0.35%/yr for JEPI.
Performance
JFLX vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 2.20% return, which is significantly lower than JEPI's 3.30% return.
JFLX
- 1D
- 0.14%
- 1M
- 0.07%
- 6M
- 1.78%
- YTD
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPI
- 1D
- 0.23%
- 1M
- 1.98%
- 6M
- 1.51%
- YTD
- 3.30%
- 1Y
- 8.32%
- 3Y*
- 9.32%
- 5Y*
- 7.44%
- 10Y*
- —
JFLX vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 2.20% | 1.48% |
JEPI JPMorgan Equity Premium Income ETF | 3.30% | 3.20% |
Correlation
The correlation between JFLX and JEPI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.47 |
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Return for Risk
JFLX vs. JEPI — Risk / Return Rank
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JEPI
JFLX vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and JPMorgan Equity Premium Income ETF (JEPI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JFLX | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.19 | — |
| Martin ratioReturn relative to average drawdown | — | 3.41 | — |
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Drawdowns
JFLX vs. JEPI - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JFLX and JEPI.
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Drawdown Indicators
| JFLX | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -13.71% | +11.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.71% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.84% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -2.13% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.34% | — |
Volatility
JFLX vs. JEPI - Volatility Comparison
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Volatility by Period
| JFLX | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 8.03% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 11.09% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 10.76% | -8.14% |
JFLX vs. JEPI - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
JFLX vs. JEPI - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.61%, less than JEPI's 8.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.05% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
JFLX JPMorgan Flexible Debt ETF | 3.61% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JFLX and JEPI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI is cheaper with a 0.35% expense ratio, compared with 0.45% for JFLX.
JEPI has the higher dividend yield at 8.05%, compared with 3.61% for JFLX.
JFLX is categorized as Nontraditional Bonds, while JEPI is Dividend. Their fees differ too: 0.45% for JFLX and 0.35% for JEPI.
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