GLDB vs. JFLX

Last updated Apr 1, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and JPMorgan Flexible Debt ETF (JFLX).

GLDB and JFLX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. JFLX is an actively managed fund by JPMorgan. It was launched on Sep 26, 2025.

Performance

GLDB vs. JFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) and JPMorgan Flexible Debt ETF (JFLX). The values are adjusted to include any dividend payments, if applicable.

GLDB vs. JFLX - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-2.60%	-3.51%
JFLX JPMorgan Flexible Debt ETF	-0.29%	0.58%

Returns By Period

In the year-to-date period, GLDB achieves a -2.60% return, which is significantly lower than JFLX's -0.29% return.

GLDB

• 1D: 3.72%
• 1M: -6.76%
• YTD: -2.60%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JFLX

• 1D: 0.40%
• 1M: -1.85%
• YTD: -0.29%
• 6M: 0.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDB vs. JFLX - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is higher than JFLX's 0.45% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

JFLX

JPMorgan Flexible Debt ETF

Return for Risk

GLDB vs. JFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLDB	JFLX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.77	-1.08

Correlation

The correlation between GLDB and JFLX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GLDB vs. JFLX - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.20%, less than JFLX's 2.10% yield.

	TTM	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	0.20%	0.19%
JFLX JPMorgan Flexible Debt ETF	2.10%	1.27%

Drawdowns

GLDB vs. JFLX - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for GLDB and JFLX.

Drawdown Indicators

	GLDB	JFLX	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-2.36%	-25.00%
Current Drawdown Current decline from peak	-22.48%	-1.85%	-20.63%
Average Drawdown Average peak-to-trough decline	-10.62%	-0.34%	-10.28%

Volatility

Volatility by Period

	GLDB	JFLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	44.68%	2.51%	+42.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.68%	2.51%	+42.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	2.51%	+42.17%