JFLX vs. BBUS

Last updated Jun 5, 2026

JFLX (JPMorgan Flexible Debt ETF) and BBUS (JP Morgan Betabuilders U.S. Equity ETF) are both exchange-traded funds - JFLX is a Nontraditional Bonds fund actively managed by JPMorgan, while BBUS is a Large Cap Growth Equities fund tracking the Morningstar US Target Market Exposure Index. JFLX is actively managed, while BBUS is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. JFLX charges 0.45%/yr vs 0.02%/yr for BBUS.

Performance

JFLX vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Debt ETF (JFLX) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFLX achieves a 1.82% return, which is significantly lower than BBUS's 11.12% return.

JFLX

• 1D: 0.00%
• 1M: 0.73%
• YTD: 1.82%
• 6M: 2.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: 0.47%
• 1M: 4.82%
• YTD: 11.12%
• 6M: 10.90%
• 1Y: 28.04%
• 3Y*: 22.72%
• 5Y*: 13.53%
• 10Y*: —

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

JFLX vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025
JFLX JPMorgan Flexible Debt ETF	1.82%	1.26%
BBUS JP Morgan Betabuilders U.S. Equity ETF	11.12%	2.82%

Correlation

The correlation between JFLX and BBUS is 0.64, 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	0.64

Return for Risk

JFLX vs. BBUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBUS

BBUS Risk / Return Rank: 71
BBUS Sharpe Ratio Rank: 74
BBUS Sortino Ratio Rank: 72
BBUS Omega Ratio Rank: 73
BBUS Calmar Ratio Rank: 62
BBUS Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JFLX vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and JP Morgan Betabuilders U.S. Equity ETF (BBUS). 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

	JFLX	BBUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	0.84	+0.95

Drawdowns

JFLX vs. BBUS - Drawdown Comparison

The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for JFLX and BBUS.

Drawdown Indicators

	JFLX	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-35.35%	+32.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-0.14%	-0.28%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.40%	-5.45%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.00%	—

Volatility

Volatility by Period

	JFLX	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	11.87%	-9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	17.03%	-14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	19.59%	-17.00%

JFLX vs. BBUS - Expense Ratio Comparison

JFLX has a 0.45% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

JFLX vs. BBUS - Dividend Comparison

JFLX's dividend yield for the trailing twelve months is around 3.28%, more than BBUS's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JP Morgan Betabuilders U.S. Equity ETF	0.98%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
JFLX JPMorgan Flexible Debt ETF	3.28%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JFLX and BBUS in my portfolio?

JFLX and BBUS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JFLX or BBUS?

On fees, BBUS is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JFLX or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.45% for JFLX.

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

JFLX has the higher dividend yield at 3.28%, compared with 0.98% for BBUS.

What is the main difference between JFLX and BBUS?

JFLX is categorized as Nontraditional Bonds, while BBUS is Large Cap Growth Equities. Their fees differ too: 0.45% for JFLX and 0.02% for BBUS.