JFLX vs. FTBD
JFLX (JPMorgan Flexible Debt ETF) and FTBD (Fidelity Tactical Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. JFLX charges 0.45%/yr vs 0.55%/yr for FTBD.
Performance
JFLX vs. FTBD - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 1.88% return, which is significantly higher than FTBD's 1.17% return.
JFLX
- 1D
- -0.08%
- 1M
- 0.83%
- YTD
- 1.88%
- 6M
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTBD
- 1D
- 0.05%
- 1M
- 0.21%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 6.66%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
JFLX vs. FTBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 1.88% | 1.26% |
FTBD Fidelity Tactical Bond ETF | 1.17% | 0.64% |
Correlation
The correlation between JFLX and FTBD is 0.59, 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 | 0.59 |
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Return for Risk
JFLX vs. FTBD — Risk / Return Rank
JFLX
FTBD
JFLX vs. FTBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and Fidelity Tactical Bond ETF (FTBD). 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 | FTBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.84 | 0.76 | +1.07 |
Drawdowns
JFLX vs. FTBD - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum FTBD drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for JFLX and FTBD.
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Drawdown Indicators
| JFLX | FTBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -6.98% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.98% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.56% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.98% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -1.57% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.86% | — |
Volatility
JFLX vs. FTBD - Volatility Comparison
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Volatility by Period
| JFLX | FTBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 4.32% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.60% | 5.87% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.60% | 5.87% | -3.27% |
JFLX vs. FTBD - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is lower than FTBD's 0.55% expense ratio.
Dividends
JFLX vs. FTBD - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.28%, less than FTBD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.03% | 5.04% | 4.76% | 4.69% |
JFLX JPMorgan Flexible Debt ETF | 3.28% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
JFLX and FTBD have a correlation of 0.59, 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 0.55% for FTBD.
FTBD has the higher dividend yield at 5.03%, compared with 3.28% for JFLX.
They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.45% for JFLX and 0.55% for FTBD.
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