FTBD vs. JFLX
FTBD (Fidelity Tactical Bond ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. FTBD charges 0.55%/yr vs 0.45%/yr for JFLX.
Performance
FTBD vs. JFLX - Performance Comparison
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Returns By Period
In the year-to-date period, FTBD achieves a 1.15% return, which is significantly lower than JFLX's 1.82% return.
FTBD
- 1D
- 0.16%
- 1M
- 0.34%
- YTD
- 1.15%
- 6M
- 1.17%
- 1Y
- 5.91%
- 3Y*
- 5.19%
- 5Y*
- —
- 10Y*
- —
JFLX
- 1D
- 0.00%
- 1M
- 0.73%
- YTD
- 1.82%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTBD vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTBD Fidelity Tactical Bond ETF | 1.15% | 0.64% |
JFLX JPMorgan Flexible Debt ETF | 1.82% | 1.26% |
Correlation
The correlation between FTBD and JFLX is 0.59, 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 | 0.59 |
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Return for Risk
FTBD vs. JFLX — Risk / Return Rank
FTBD
JFLX
FTBD vs. JFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) 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.
| FTBD | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | — | — |
| Martin ratioReturn relative to average drawdown | 6.83 | — | — |
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
| FTBD | JFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.79 | -1.03 |
Drawdowns
FTBD vs. JFLX - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for FTBD and JFLX.
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Drawdown Indicators
| FTBD | JFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -2.36% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.56% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.14% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -0.40% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
FTBD vs. JFLX - Volatility Comparison
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Volatility by Period
| FTBD | JFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 2.59% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 2.59% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 2.59% | +3.27% |
FTBD vs. JFLX - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than JFLX's 0.45% expense ratio.
Dividends
FTBD vs. JFLX - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 5.03%, more than JFLX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.03% | 5.04% | 4.76% | 4.69% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
FTBD and JFLX have a correlation of 0.59, 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 0.55% for FTBD.
FTBD has the higher dividend yield at 5.03%, compared with 3.28% for JFLX.
They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.55% for FTBD and 0.45% for JFLX.
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