JFLX vs. AMAX
JFLX (JPMorgan Flexible Debt ETF) and AMAX (RH Hedged Multi-Asset Income ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. JFLX charges 0.45%/yr vs 1.29%/yr for AMAX.
Performance
JFLX vs. AMAX - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 1.82% return, which is significantly lower than AMAX's 3.91% return.
JFLX
- 1D
- -0.06%
- 1M
- 0.87%
- YTD
- 1.82%
- 6M
- 2.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMAX
- 1D
- -1.01%
- 1M
- -0.46%
- YTD
- 3.91%
- 6M
- 2.71%
- 1Y
- 11.23%
- 3Y*
- 8.85%
- 5Y*
- —
- 10Y*
- —
JFLX vs. AMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 1.82% | 1.26% |
AMAX RH Hedged Multi-Asset Income ETF | 3.91% | -0.69% |
Correlation
The correlation between JFLX and AMAX is 0.52, 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 | 0.52 |
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Return for Risk
JFLX vs. AMAX — Risk / Return Rank
JFLX
AMAX
JFLX vs. AMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and RH Hedged Multi-Asset Income ETF (AMAX). 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.
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Sharpe Ratios by Period
| JFLX | AMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.36 | +1.43 |
Drawdowns
JFLX vs. AMAX - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum AMAX drawdown of -16.28%. Use the drawdown chart below to compare losses from any high point for JFLX and AMAX.
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Drawdown Indicators
| JFLX | AMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -16.28% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.27% | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.79% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -5.32% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.54% | — |
Volatility
JFLX vs. AMAX - Volatility Comparison
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Volatility by Period
| JFLX | AMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 9.97% | -7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.59% | 10.37% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 10.37% | -7.78% |
JFLX vs. AMAX - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is lower than AMAX's 1.29% expense ratio.
Dividends
JFLX vs. AMAX - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.28%, less than AMAX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 11.05% | 9.18% | 7.36% | 6.99% | 11.22% | 1.00% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JFLX and AMAX have a correlation of 0.52, 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 1.29% for AMAX.
AMAX has the higher dividend yield at 11.05%, compared with 3.28% for JFLX.
They also come from different issuers: JPMorgan and Adaptive. Their fees differ too: 0.45% for JFLX and 1.29% for AMAX.
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