SPM.MI vs. JFLI
SPM.MI (Saipem SpA) is a stock, while JFLI (JPMorgan Flexible Income ETF) is Global Allocation fund actively managed by JPMorgan. Over the past year, SPM.MI returned 93.67% vs 17.16% for JFLI. At a 0.20 correlation, their price movements are largely independent.
Performance
SPM.MI vs. JFLI - Performance Comparison
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Different Trading Currencies
SPM.MI is traded in EUR, while JFLI is traded in USD. To make them comparable, the JFLI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPM.MI achieves a 85.28% return, which is significantly higher than JFLI's 9.83% return.
SPM.MI
- 1D
- 0.46%
- 1M
- 4.39%
- YTD
- 85.28%
- 6M
- 84.14%
- 1Y
- 93.67%
- 3Y*
- 56.73%
- 5Y*
- -2.99%
- 10Y*
- -5.93%
JFLI
- 1D
- 0.32%
- 1M
- 2.46%
- YTD
- 9.83%
- 6M
- 8.82%
- 1Y
- 17.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPM.MI vs. JFLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPM.MI Saipem SpA | 85.28% | 13.66% |
JFLI JPMorgan Flexible Income ETF | 9.83% | -2.46% |
Correlation
The correlation between SPM.MI and JFLI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.20 |
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Return for Risk
SPM.MI vs. JFLI — Risk / Return Rank
SPM.MI
JFLI
SPM.MI vs. JFLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saipem SpA (SPM.MI) 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.
| SPM.MI | JFLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.51 | 3.92 | +2.59 |
| Martin ratioReturn relative to average drawdown | 16.42 | 15.57 | +0.85 |
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
| SPM.MI | JFLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.05 | 2.01 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.40 | -0.39 |
Drawdowns
SPM.MI vs. JFLI - Drawdown Comparison
The maximum SPM.MI drawdown since its inception was -99.52%, which is greater than JFLI's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for SPM.MI and JFLI.
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Drawdown Indicators
| SPM.MI | JFLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.52% | -17.64% | -81.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -4.40% | -10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -41.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -89.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.90% | — | — |
Current DrawdownCurrent decline from peak | -96.01% | -1.37% | -94.64% |
Average DrawdownAverage peak-to-trough decline | -44.38% | -4.98% | -39.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 1.10% | +4.72% |
Volatility
SPM.MI vs. JFLI - Volatility Comparison
Saipem SpA (SPM.MI) has a higher volatility of 11.02% compared to JPMorgan Flexible Income ETF (JFLI) at 2.38%. This indicates that SPM.MI'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.
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Volatility by Period
| SPM.MI | JFLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 2.38% | +8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 24.81% | 6.61% | +18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.45% | 8.60% | +22.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.86% | 13.73% | +56.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.80% | 13.73% | +44.07% |
Dividends
SPM.MI vs. JFLI - Dividend Comparison
SPM.MI's dividend yield for the trailing twelve months is around 3.93%, less than JFLI's 7.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JFLI JPMorgan Flexible Income ETF | 7.33% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPM.MI Saipem SpA | 3.93% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% |
Frequently Asked Questions
SPM.MI and JFLI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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