JFLX vs SPY
JPMorgan Flexible Debt ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. JFLX offers more diversification with 1,579 holdings.
Side-by-Side Comparison
| Metric | JFLX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $1.5B | $821.1B | |
| Dividend Yield | 3.64% | 1.01% | |
| Holdings | 1,579 | 505 | |
| YTD Return | +1.92% | +12.68% | |
| 1Y Return | +3.30% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.4% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 26, 2025 | Jan 22, 1993 |
JFLX vs SPY Performance
JPMorgan Flexible Debt ETF (JFLX) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JFLX returned +3.30% while SPY returned +21.82%. Year to date, JFLX is up 1.92% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.4% for JFLX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
JFLX charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, JFLX currently yields 3.64% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, JFLX or SPY?
JFLX has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, JFLX or SPY?
Over the past year JFLX returned +3.30% vs +21.82% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between JFLX and SPY?
JFLX and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1292 unique securities.
Which pays a higher dividend, JFLX or SPY?
JFLX yields 3.64% while SPY yields 1.01%, so JFLX currently pays the higher dividend yield.
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