MAPP vs. JFLI

Last updated Jun 4, 2026

MAPP (Harbor Multi-Asset Explorer ETF) and JFLI (JPMorgan Flexible Income ETF) are both Global Allocation funds. Both are actively managed. Over the past year, MAPP returned 21.23% vs 21.09% for JFLI. Their correlation of 0.91 suggests significant overlap in exposure. MAPP charges 0.92%/yr vs 0.35%/yr for JFLI.

Performance

MAPP vs. JFLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Multi-Asset Explorer ETF (MAPP) and JPMorgan Flexible Income ETF (JFLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAPP achieves a 7.25% return, which is significantly lower than JFLI's 9.90% return.

MAPP

• 1D: -0.65%
• 1M: 2.82%
• YTD: 7.25%
• 6M: 8.20%
• 1Y: 21.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JFLI

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

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

MAPP vs. JFLI - Yearly Performance Comparison

	2026 (YTD)	2025
MAPP Harbor Multi-Asset Explorer ETF	7.25%	12.81%
JFLI JPMorgan Flexible Income ETF	9.90%	9.49%

Correlation

The correlation between MAPP and JFLI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.91

The correlation between MAPP and JFLI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

MAPP vs. JFLI - Sectors Allocation Comparison

Sectors	MAPP	JFLI
Technology	36.9%	28.4%
Financial Services	15.0%	10.4%
Communication Services	12.2%	9.8%
Consumer Cyclical	8.3%	9.3%
Industrials	8.2%	7.8%
Consumer Defensive	5.4%	8.1%
Healthcare	5.4%	7.2%
Basic Materials	2.9%	3.1%
Energy	2.3%	5.0%
Utilities	1.8%	6.5%
Real Estate	1.6%	4.6%

Return for Risk

MAPP vs. JFLI — Risk / Return Rank

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

MAPP

MAPP Risk / Return Rank: 73
MAPP Sharpe Ratio Rank: 74
MAPP Sortino Ratio Rank: 75
MAPP Omega Ratio Rank: 73
MAPP Calmar Ratio Rank: 70
MAPP Martin Ratio Rank: 73

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

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.

MAPP vs. JFLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Multi-Asset Explorer ETF (MAPP) and JPMorgan Flexible Income ETF (JFLI). 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.

	MAPP	JFLI	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.53	-0.14
Sortino ratio: Return per unit of downside risk	3.37	3.58	-0.22
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	3.45	3.17	+0.28
Martin ratio: Return relative to average drawdown	13.70	15.34	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAPP vs. JFLI - Sharpe Ratio Comparison

The current MAPP Sharpe Ratio is 2.39, which is comparable to the JFLI Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of MAPP and JFLI, 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

	MAPP	JFLI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.53	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.29	+0.24

Drawdowns

MAPP vs. JFLI - Drawdown Comparison

The maximum MAPP drawdown since its inception was -12.92%, roughly equal to the maximum JFLI drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for MAPP and JFLI.

Drawdown Indicators

	MAPP	JFLI	Difference
Max Drawdown Largest peak-to-trough decline	-12.92%	-12.87%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-6.67%	+0.50%
Current Drawdown Current decline from peak	-0.65%	-0.32%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.38%	-1.44%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.38%	+0.17%

Volatility

MAPP vs. JFLI - Volatility Comparison

Harbor Multi-Asset Explorer ETF (MAPP) has a higher volatility of 2.98% compared to JPMorgan Flexible Income ETF (JFLI) at 2.35%. This indicates that MAPP's price experiences larger fluctuations and is considered to be riskier than JFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAPP	JFLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.35%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	6.93%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	8.94%	8.39%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.75%	11.90%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.75%	11.90%	-1.15%

MAPP vs. JFLI - Expense Ratio Comparison

MAPP has a 0.92% expense ratio, which is higher than JFLI's 0.35% expense ratio.

Dividends

MAPP vs. JFLI - Dividend Comparison

MAPP's dividend yield for the trailing twelve months is around 2.76%, less than JFLI's 7.18% yield.

Position	TTM	2025	2024	2023
JFLI JPMorgan Flexible Income ETF	7.18%	6.81%	0.00%	0.00%
MAPP Harbor Multi-Asset Explorer ETF	2.76%	2.96%	2.41%	2.78%

Frequently Asked Questions

Can I hold both MAPP and JFLI in my portfolio?

With a correlation of 0.91, MAPP and JFLI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MAPP or JFLI?

MAPP has higher volatility (2.98%) compared to JFLI (2.35%). In terms of maximum drawdown, MAPP dropped -12.92% vs JFLI's -12.87%.

Which ETF is better, MAPP or JFLI?

On 1-year performance, MAPP leads with 21.23% 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.

Which ETF has performed better, MAPP or JFLI?

Over the 1-year period, MAPP has performed better with a 21.23% return vs 21.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAPP or JFLI?

JFLI is cheaper with a 0.35% expense ratio, compared with 0.92% for MAPP.

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

JFLI has the higher dividend yield at 7.18%, compared with 2.76% for MAPP.

What is the main difference between MAPP and JFLI?

They also come from different issuers: Harbor and JPMorgan. Their fees differ too: 0.92% for MAPP and 0.35% for JFLI.

Which has better risk-adjusted returns?

JFLI currently has the higher Sharpe Ratio (2.53 vs 2.39), 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.