RPAR vs. JFLI

Last updated Aug 2, 2026

RPAR (RPAR Risk Parity ETF) and JFLI (JPMorgan Flexible Income ETF) are both Global Allocation funds. Both are actively managed. Over the past year, RPAR returned 11.54% vs 16.41% for JFLI. Their 0.69 correlation means they have sometimes moved together and sometimes differently. RPAR charges 0.51%/yr vs 0.35%/yr for JFLI.

Performance

RPAR vs. JFLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RPAR Risk Parity ETF (RPAR) 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, RPAR achieves a 2.65% return, which is significantly lower than JFLI's 8.56% return.

RPAR

• 1D: -0.55%
• 1M: -1.99%
• 6M: -1.98%
• YTD: 2.65%
• 1Y: 11.54%
• 3Y*: 7.20%
• 5Y*: 0.20%
• 10Y*: —
• ALL TIME*: 3.72%

JFLI

• 1D: 0.39%
• 1M: -0.61%
• 6M: 5.63%
• YTD: 8.56%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JFLI JPMorgan Flexible Income ETF	$229.57K	$282.39K	$290.65K
RPAR RPAR Risk Parity ETF	$342.76K	$300.17K	$486.62K

RPAR vs. JFLI - Yearly Performance Comparison

	2026 (YTD)	2025
RPAR RPAR Risk Parity ETF	2.65%	14.41%
JFLI JPMorgan Flexible Income ETF	8.56%	9.73%

Correlation

The correlation between RPAR and JFLI is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.69

The correlation between RPAR and JFLI has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

Return for Risk

RPAR vs. JFLI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPAR

RPAR Risk / Return Rank: 43
RPAR Sharpe Ratio Rank: 46
RPAR Sortino Ratio Rank: 44
RPAR Omega Ratio Rank: 44
RPAR Calmar Ratio Rank: 42
RPAR Martin Ratio Rank: 36

JFLI

JFLI Risk / Return Rank: 74
JFLI Sharpe Ratio Rank: 73
JFLI Sortino Ratio Rank: 73
JFLI Omega Ratio Rank: 74
JFLI Calmar Ratio Rank: 69
JFLI Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPAR vs. JFLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) 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.

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.

	RPAR	JFLI	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.66	-0.51
Sortino ratio: Return per unit of downside risk	1.62	2.36	-0.74
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.49	2.39	-0.90
Martin ratio: Return relative to average drawdown	3.68	10.44	-6.76

RPAR vs. JFLI - Sharpe Ratio Comparison

The current RPAR Sharpe Ratio is 1.14, which is lower than the JFLI Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of RPAR 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.

Drawdowns

RPAR vs. JFLI - Drawdown Comparison

The maximum RPAR drawdown since its inception was -30.16%, which is greater than JFLI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for RPAR and JFLI.

Drawdown Indicators

	RPAR	JFLI	Difference
Max Drawdown Largest peak-to-trough decline	-30.16%	-12.87%	-17.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-6.67%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-11.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.16%	—	—
Current Drawdown Current decline from peak	-7.05%	-1.81%	-5.24%
Average Drawdown Average peak-to-trough decline	-11.46%	-1.43%	-10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	1.52%	+1.75%

Volatility

RPAR vs. JFLI - Volatility Comparison

The current volatility for RPAR Risk Parity ETF (RPAR) is 2.71%, while JPMorgan Flexible Income ETF (JFLI) has a volatility of 3.04%. This indicates that RPAR experiences smaller price fluctuations and is considered to be less risky than JFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPAR	JFLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	3.04%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	8.26%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	9.62%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.50%	12.00%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	12.00%	+0.65%

RPAR vs. JFLI - Expense Ratio Comparison

RPAR has a 0.51% expense ratio, which is higher than JFLI's 0.35% expense ratio.

Dividends

RPAR vs. JFLI - Dividend Comparison

RPAR's dividend yield for the trailing twelve months is around 2.45%, less than JFLI's 7.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JFLI JPMorgan Flexible Income ETF	7.32%	6.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RPAR RPAR Risk Parity ETF	2.45%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%

Frequently Asked Questions

Can I hold both RPAR and JFLI in my portfolio?

RPAR and JFLI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPAR or JFLI?

JFLI has higher volatility (3.04%) compared to RPAR (2.71%). In terms of maximum drawdown, RPAR dropped -30.16% vs JFLI's -12.87%.

Which ETF is better, RPAR or JFLI?

On 1-year performance, JFLI leads with 16.41% vs 11.54% for RPAR. On fees, JFLI is cheaper at 0.35% per year. On volatility, RPAR has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPAR or JFLI?

Over the 1-year period, JFLI has performed better with a 16.41% return vs 11.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPAR or JFLI?

JFLI is cheaper with a 0.35% expense ratio, compared with 0.51% for RPAR.

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

JFLI has the higher dividend yield at 7.32%, compared with 2.45% for RPAR.

What is the main difference between RPAR and JFLI?

They also come from different issuers: Toroso Investments and JPMorgan. Their fees differ too: 0.51% for RPAR and 0.35% for JFLI.

Which has better risk-adjusted returns?

JFLI currently has the higher Sharpe Ratio (1.66 vs 1.14), 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.