GOLY vs. JFLX
GOLY (Strategy Shares Gold-Hedged Bond ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. GOLY is passively managed, while JFLX is actively managed. At a 0.48 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 0.45%/yr for JFLX.
Performance
GOLY vs. JFLX - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -19.06% return, which is significantly lower than JFLX's 1.82% return.
GOLY
- 1D
- -1.46%
- 1M
- -1.57%
- YTD
- -19.06%
- 6M
- -16.22%
- 1Y
- 3.60%
- 3Y*
- 17.40%
- 5Y*
- 6.03%
- 10Y*
- —
JFLX
- 1D
- -0.06%
- 1M
- 0.87%
- YTD
- 1.82%
- 6M
- 2.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLY vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -19.06% | 8.59% |
JFLX JPMorgan Flexible Debt ETF | 1.82% | 1.26% |
Correlation
The correlation between GOLY 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 Sep 30, 2025 | 0.48 |
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Return for Risk
GOLY vs. JFLX — Risk / Return Rank
GOLY
JFLX
GOLY vs. JFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
| GOLY | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | — | — |
| Martin ratioReturn relative to average drawdown | 0.28 | — | — |
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
| GOLY | JFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.79 | -1.51 |
Drawdowns
GOLY vs. JFLX - Drawdown Comparison
The maximum GOLY drawdown since its inception was -35.99%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for GOLY and JFLX.
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Drawdown Indicators
| GOLY | JFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -2.36% | -33.63% |
Max Drawdown (1Y)Largest decline over 1 year | -30.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | — | — |
Current DrawdownCurrent decline from peak | -30.16% | -0.14% | -30.02% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -0.40% | -11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.99% | — | — |
Volatility
GOLY vs. JFLX - Volatility Comparison
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Volatility by Period
| GOLY | JFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 29.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.89% | 2.59% | +30.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.30% | 2.59% | +19.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 2.59% | +19.62% |
GOLY vs. JFLX - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than JFLX's 0.45% expense ratio.
Dividends
GOLY vs. JFLX - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.74%, more than JFLX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.74% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY 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.
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 0.79% for GOLY.
GOLY has the higher dividend yield at 9.74%, compared with 3.28% for JFLX.
They also come from different issuers: Strategy Shares and JPMorgan. Their fees differ too: 0.79% for GOLY and 0.45% for JFLX.
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