JFLX vs. FIAX
JFLX (JPMorgan Flexible Debt ETF) and FIAX (Nicholas Fixed Income Alternative ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. JFLX charges 0.45%/yr vs 1.04%/yr for FIAX.
Performance
JFLX vs. FIAX - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 1.82% return, which is significantly higher than FIAX's 1.25% return.
JFLX
- 1D
- 0.00%
- 1M
- 0.73%
- YTD
- 1.82%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAX
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- 1.25%
- 6M
- 1.33%
- 1Y
- 4.57%
- 3Y*
- 3.47%
- 5Y*
- —
- 10Y*
- —
JFLX vs. FIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 1.82% | 1.26% |
FIAX Nicholas Fixed Income Alternative ETF | 1.25% | 1.80% |
Correlation
The correlation between JFLX and FIAX is 0.51, 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 | 0.51 |
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Return for Risk
JFLX vs. FIAX — Risk / Return Rank
JFLX
FIAX
JFLX vs. FIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and Nicholas Fixed Income Alternative ETF (FIAX). 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 | FIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.81 | +0.98 |
Drawdowns
JFLX vs. FIAX - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum FIAX drawdown of -6.26%. Use the drawdown chart below to compare losses from any high point for JFLX and FIAX.
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Drawdown Indicators
| JFLX | FIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -6.26% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.26% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.30% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -0.85% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.66% | — |
Volatility
JFLX vs. FIAX - Volatility Comparison
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Volatility by Period
| JFLX | FIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 4.14% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.59% | 4.04% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 4.04% | -1.45% |
JFLX vs. FIAX - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is lower than FIAX's 1.04% expense ratio.
Dividends
JFLX vs. FIAX - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.28%, less than FIAX's 8.19% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.19% | 8.17% | 8.11% | 4.81% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
JFLX and FIAX have a correlation of 0.51, 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 1.04% for FIAX.
FIAX has the higher dividend yield at 8.19%, compared with 3.28% for JFLX.
They also come from different issuers: JPMorgan and Nicholas. Their fees differ too: 0.45% for JFLX and 1.04% for FIAX.
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