FIAX vs. JFLX
FIAX (Nicholas Fixed Income Alternative ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. Both are actively managed. Their 0.50 correlation means their historical movements had little consistent relationship. 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 1.83% return, which is significantly lower than JFLX's 2.20% return.
FIAX
- 1D
- -0.09%
- 1M
- -0.24%
- 6M
- 1.17%
- YTD
- 1.83%
- 1Y
- 3.82%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.23%
JFLX
- 1D
- 0.40%
- 1M
- -0.12%
- 6M
- 1.29%
- YTD
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $137.68K | $252.41K | $198.03K | |
| $5.28M | $5.17M | $5.16M |
FIAX vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 1.83% | 1.80% |
JFLX JPMorgan Flexible Debt ETF | 2.20% | 1.48% |
Correlation
The correlation between FIAX and JFLX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.50 |
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Return for Risk
FIAX vs. JFLX — Risk / Return Rank
FIAX
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIAX | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | — | — |
| Martin ratioReturn relative to average drawdown | 5.95 | — | — |
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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 | -0.24% | -0.20% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.38% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | — | — |
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 | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 2.61% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 2.61% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 2.61% | +1.39% |
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 8.21%, more than JFLX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.21% | 8.17% | 8.11% | 4.81% |
JFLX JPMorgan Flexible Debt ETF | 3.98% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
FIAX and JFLX have a correlation of 0.50, 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 8.21%, compared with 3.98% 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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