FIAX vs. JFLX
FIAX (Nicholas Fixed Income Alternative ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. FIAX charges 1.04%/yr vs 0.45%/yr for JFLX.
Performance
FIAX vs. JFLX - Performance Comparison
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Returns By Period
In the year-to-date period, FIAX achieves a 1.25% return, which is significantly lower than JFLX's 1.82% return.
FIAX
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- 1.25%
- 6M
- 1.33%
- 1Y
- 4.57%
- 3Y*
- 3.47%
- 5Y*
- —
- 10Y*
- —
JFLX
- 1D
- -0.06%
- 1M
- 0.73%
- YTD
- 1.82%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAX vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 1.25% | 1.80% |
JFLX JPMorgan Flexible Debt ETF | 1.82% | 1.26% |
Correlation
The correlation between FIAX and JFLX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.51 |
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Return for Risk
FIAX vs. JFLX — Risk / Return Rank
FIAX
JFLX
FIAX vs. JFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and JPMorgan Flexible Debt ETF (JFLX). 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.
| FIAX | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | — | — |
| Martin ratioReturn relative to average drawdown | 6.98 | — | — |
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
| FIAX | JFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.79 | -0.99 |
Drawdowns
FIAX vs. JFLX - Drawdown Comparison
The maximum FIAX drawdown since its inception was -6.26%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for FIAX and JFLX.
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Drawdown Indicators
| FIAX | JFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.26% | -2.36% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.14% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -0.40% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
Volatility
FIAX vs. JFLX - Volatility Comparison
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Volatility by Period
| FIAX | JFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 2.59% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 2.59% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 2.59% | +1.45% |
FIAX vs. JFLX - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than JFLX's 0.45% expense ratio.
Dividends
FIAX vs. JFLX - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 8.19%, more than JFLX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.19% | 8.17% | 8.11% | 4.81% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
FIAX and JFLX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JFLX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JFLX is cheaper with a 0.45% expense ratio, compared with 1.04% for FIAX.
FIAX has the higher dividend yield at 8.19%, compared with 3.28% for JFLX.
They also come from different issuers: Nicholas and JPMorgan. Their fees differ too: 1.04% for FIAX and 0.45% for JFLX.
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