GLDB vs. JFLX

Last updated Jun 4, 2026

GLDB (Strategy Shares Gold-Hedged Bond ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. GLDB is passively managed, while JFLX is actively managed. At a 0.48 correlation, their price movements are largely independent. GLDB charges 0.79%/yr vs 0.45%/yr for JFLX.

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.

Returns By Period

In the year-to-date period, GLDB achieves a -7.90% return, which is significantly lower than JFLX's 1.82% return.

GLDB

• 1D: -2.17%
• 1M: -7.55%
• YTD: -7.90%
• 6M: -6.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JFLX

• 1D: -0.06%
• 1M: 0.87%
• YTD: 1.82%
• 6M: 2.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDB vs. JFLX - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-7.90%	-3.51%
JFLX JPMorgan Flexible Debt ETF	1.82%	0.58%

Correlation

The correlation between GLDB and JFLX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.48

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	-0.45	1.79	-2.24

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	-26.71%	-0.14%	-26.57%
Average Drawdown Average peak-to-trough decline	-13.44%	-0.40%	-13.04%

Volatility

Volatility by Period

	GLDB	JFLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	39.96%	2.59%	+37.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.96%	2.59%	+37.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.96%	2.59%	+37.37%

GLDB vs. JFLX - Expense Ratio Comparison

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

Dividends

GLDB vs. JFLX - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.21%, less than JFLX's 3.28% yield.

Position	TTM	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	0.21%	0.19%
JFLX JPMorgan Flexible Debt ETF	3.28%	1.27%

Frequently Asked Questions

Can I hold both GLDB and JFLX in my portfolio?

GLDB and JFLX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDB or JFLX?

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.

Which ETF is cheaper, GLDB or JFLX?

JFLX is cheaper with a 0.45% expense ratio, compared with 0.79% for GLDB.

Which ETF pays a higher dividend yield, GLDB or JFLX?

JFLX has the higher dividend yield at 3.28%, compared with 0.21% for GLDB.

What is the main difference between GLDB and JFLX?

They also come from different issuers: Strategy Shares and JPMorgan. Their fees differ too: 0.79% for GLDB and 0.45% for JFLX.