Which returned more over the last year, GVI or JFLX?

In the year to Nov 12, 2026, with distributions reinvested, GVI returned −0.2% and JFLX +1.7%.

Which is cheaper, GVI or JFLX?

GVI is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

Share on X Download as PDF

GVI vs JFLX: Differences, Returns & Fees

Return, fees and overlap, side by side.

Return gap

+1.9 pts

1 year to Nov 12, 2026: JFLX ahead, total return

Fee gap

0.25 pts

A year: GVI 0.20%, JFLX 0.45%, per filings dated Jun 18, 2026 and Jun 23, 2026

Overlap

Share of the two books held in common, holdings dated Aug 31, 2026

Net flow

+$72m / +$76m

GVI / JFLX, Oct 12, 2026 to Nov 11, 2026, daily basis

Risk and return

Oct 10, 2025 to Nov 6, 2026 · 56 weekly returns

GVI JFLX

Return

Total return edge JFLX +1.1% +3.4%

Annualized edge JFLX +1.0% +3.2%

Price return edge JFLX −2.8% −1.6%

Risk

Volatility edge GVI 2.4% 2.8%

Max drawdown edge JFLX −2.7% −2.4%

Downside capture 64.2% 54.1%

Beta 0.61 0.65

Risk-adjusted

Sharpe edge JFLX −1.14 −0.23

Sortino edge JFLX −1.37 −0.31

Treynor −0.002 −0.011

Calmar edge JFLX 0.38 1.33

Against the benchmark

Alpha −0.2% a year +1.4% a year

Alpha t-stat −0.71 0.96

Information ratio −0.13 1.28

Tracking error 2.3% 2.0%

Each against its own benchmark: GVI against IUSB, Jun 20, 2014 to Nov 6, 2026; JFLX against AGG, Oct 10, 2025 to Nov 5, 2026.

Reading

From Oct 2025 to Nov 2026, JFLX returned more: +3.4% to +1.1%. GVI swung less: 2.4% to 2.8%. JFLX fell less at its worst: −2.4% to −2.7%.

Full scorecard

19 measures Open ↓

Risk and return: GVI vs JFLX: Differences, Returns & Fees
Measure	GVI	JFLX	Edge	How it is measured
Return
Total return	+1.1%	+3.4%	JFLX	Price change plus distributions, reinvested.
Annualized	+1.0%	+3.2%	JFLX	Total return as a yearly rate.
Price return	−2.8%	−1.6%	JFLX	Price change alone, distributions left out.
Risk
Volatility	2.4%	2.8%	GVI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.0%	2.1%	GVI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−2.7%	−2.4%	JFLX	Deepest fall from a high to the low after it.
Upside capture	63.3%	74.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	64.2%	54.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.61	0.65	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.87	0.73	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	−1.14	−0.23	JFLX	Return above Treasury bills per unit of volatility.
Sortino	−1.37	−0.31	JFLX	Return above Treasury bills per unit of downside deviation.
Treynor	−0.002	−0.011		Return above Treasury bills per unit of beta.
Calmar	0.38	1.33	JFLX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IUSB	AGG		The ETF each fund is measured against.
Alpha	−0.2% a year	+1.4% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.71	0.96	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.9% to +0.4%	−1.5% to +4.3%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.13	1.28		Return against its benchmark per unit of tracking error.
Tracking error	2.3%	2.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 56 weekly returns. Cash rate: the 13-week Treasury bill.

Pair scorecard

GVI costs 0.25 points a year less; their one-year returns differ by 1.9 points; GVI is 2.2 times larger.

GVI vs JFLX: Differences, Returns & Fees
Measure	GVI	JFLX
Return
Measure	GVI	JFLX
Total return, 1 year	−0.2%	+1.7%
Benchmark
Measure	GVI	JFLX
What it tracks	Bloomberg U.S. Intermediate Government/Credit Bond Index	No index, actively managed
Cost and size
Measure	GVI	JFLX
Expense ratio	0.20%	0.45%
Net assets	$3.8bn	$1.7bn
Holdings
Measure	GVI	JFLX
Holdings in common	1%

Method

Key numbers

−0.2%

GVI total return, 1 year

+1.7%

JFLX total return, 1 year

0.20%

GVI expense ratio

0.45%

JFLX expense ratio

What they share

By the books each fund has filed, GVI and JFLX hold 1% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first GVI JFLX

Wells Fargo & Co, due Jul 25, 2034 0.03% 0.18%

Space Exploration Technologies Corp, due Jul 15, 2036 0.03% 0.03%

U.S. Treasury Notes, due Jul 31, 2031 0.06% 0.03%

Wells Fargo & Co, due Jul 25, 2029 0.03% 0.18%

Goldman Sachs Group Inc/The, due Jan 21, 2037 0.02% 0.06%

Bank of America Corp, due Apr 25, 2029 0.02% 0.03%

Morgan Stanley, due Jan 30, 2037 0.02% 0.06%

Bank of America Corp, due Jan 24, 2036 0.02% 0.16%

Goldman Sachs Group Inc/The, due Apr 20, 2034 0.02% 0.05%

Bank of America Corp, due Jul 21, 2032 0.02% 0.02%

Space Exploration Technologies Corp, due Jul 15, 2033 0.02% 0.07%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Jan 30, 2032 0.02% 0.64%

Only in one fund ↓

Only in GVI

U.S. Treasury Notes, due Feb 15, 2034 0.74%

U.S. Treasury Notes, due May 15, 2035 0.74%

U.S. Treasury Notes, due Nov 15, 2034 0.73%

U.S. Treasury Notes, due Aug 15, 2035 0.73%

U.S. Treasury Notes, due May 15, 2036 0.72%

U.S. Treasury Notes, due Nov 15, 2035 0.72%

U.S. Treasury Notes, due Aug 15, 2034 0.71%

U.S. Treasury Notes, due Feb 15, 2036 0.69%

Only in JFLX

GNMA II, Single Family, 30 Year, due Sep 15, 2056 3.36%

GNMA II, Single Family, 30 Year, due Sep 15, 2056 2.95%

Bundesschatzanweisungen, due Mar 15, 2028 2.40%

GNMA II, 30 Year, due Aug 20, 2052 1.81%

GNMA II, 30 Year, due Aug 20, 2056 1.50%

FNMA UMBS, 30 Year, due Sep 1, 2053 0.69%

Columbia Pipelines Operating Co. LLC, due Nov 15, 2033 0.55%

FNMA UMBS, 30 Year, due Oct 1, 2052 0.54%

Check overlap with more funds →

Side by side

GVI iShares Intermediate Government/Credit Bond ETF JFLX JPMorgan Flexible Debt ETF

Where it sits Bond ETF Bond ETF

Issuer iShares JPMorgan

What it is Tracks an index Actively managed

Total return, 1 year −0.2% +1.7%

Its benchmark over the same days −1.0% (IUSB) −1.3% (AGG)

Gap to its benchmark +0.8 pts vs IUSB +3.0 pts vs AGG

Expense ratio 0.20% 0.45%

Holdings 6351 1989

Net assets $3.8bn $1.7bn

GVI and JFLX on the fields both publish, as of Nov 12, 2026. Source: ETFIQ.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

GVI

GVI tracks an index. Over the year to Nov 12, 2026 it returned −0.2% with distributions reinvested, against −1.0% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.20% a year.

JFLX

JFLX is actively managed and tracks no index. Over the year to Nov 12, 2026 it returned +1.7% with distributions reinvested, against −1.3% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.45% a year.

Questions people ask

Which returned more over the last year, GVI or JFLX?: In the year to Nov 12, 2026, with distributions reinvested, GVI returned −0.2% and JFLX +1.7%.
Which is cheaper, GVI or JFLX?: GVI is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GVI vs JSCP BSCV vs GVI GVI vs SUSB GVI vs USTB IBDU vs JFLX IBDT vs JFLX BSCS vs JFLX IBDV vs JFLX

Where to next

GVI on its own →JFLX on its own →Hold both: look the portfolio through →Rankings →GVI dividend history →GVI holdings →JFLX dividend history →JFLX holdings →Standards and sources →

Sources and dates

GVI filings on SEC EDGAR ↗

GVI prospectus with the expense ratio (SEC) ↗

iShares page for GVI ↗

JFLX filings on SEC EDGAR ↗

JFLX prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, GVI against JFLX, data as of Nov 12, 2026. https://etfiq.com/compare/any/gvi-vs-jflx

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

Net assets on Nov 12, 2026: $3.8bn for iShares Intermediate Government/Credit Bond ETF and $1.7bn for JPMorgan Flexible Debt ETF.

GVI on its own →JFLX on its own →

Growth of 100

GVI and JFLX

Total return, distributions reinvested, 1 year.

GVI −0.2%JFLX +1.7%

Nov 12, 2025Nov 12, 2026

GVI −0.2%, JFLX +1.7%: JFLX +1.9 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.