JFLI vs QQQ
JPMorgan Flexible Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. JFLI offers more diversification with 587 holdings.
Side-by-Side Comparison
| Metric | JFLI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $49M | $496.3B | |
| Dividend Yield | 7.34% | 0.44% | |
| Holdings | 587 | 108 | |
| YTD Return | +11.02% | +16.64% | |
| 1Y Return | +18.35% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 8.6% | 30.6% | |
| Max Drawdown | -12.9% | -83.0% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Feb 12, 2025 | Mar 10, 1999 |
JFLI vs QQQ Performance
JPMorgan Flexible Income ETF (JFLI) is a ETF from J.P. Morgan Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JFLI returned +18.35% while QQQ returned +27.27%. Year to date, JFLI is up 11.02% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.6% for JFLI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.9% for JFLI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JFLI charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, JFLI currently yields 7.34% against 0.44% for QQQ.
Holdings Overlap
JFLI and QQQ share 39 holdings out of 558 unique holdings combined, representing a 4.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JFLI or QQQ?
JFLI has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, JFLI or QQQ?
Over the past year JFLI returned +18.35% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), JFLI annualized +14.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, JFLI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.6% for JFLI. Worst drawdown: JFLI -12.9% vs QQQ -83.0%.
Should I hold both JFLI and QQQ?
JFLI and QQQ have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JFLI and QQQ?
JFLI and QQQ share 39 common holdings with a 4.8% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, JFLI or QQQ?
JFLI yields 7.34% while QQQ yields 0.44%, so JFLI currently pays the higher dividend yield.
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