JFLX vs. GLDB

Last updated Jul 14, 2026

JFLX (JPMorgan Flexible Debt ETF) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds. JFLX is actively managed, while GLDB is passively managed. At a 0.48 correlation, their price movements are largely independent. JFLX charges 0.45%/yr vs 0.79%/yr for GLDB.

Performance

JFLX vs. GLDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Debt ETF (JFLX) and Strategy Shares Gold-Hedged Bond ETF (GLDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFLX achieves a 1.98% return, which is significantly higher than GLDB's -20.69% return.

JFLX

• 1D: -0.22%
• 1M: -0.15%
• 6M: 1.48%
• YTD: 1.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDB

• 1D: -3.05%
• 1M: -8.09%
• 6M: -27.51%
• YTD: -20.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFLX vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
JFLX JPMorgan Flexible Debt ETF	1.98%	0.68%
GLDB Strategy Shares Gold-Hedged Bond ETF	-20.69%	-3.56%

Correlation

The correlation between JFLX and GLDB 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 Oct 24, 2025	0.48

Return for Risk

JFLX vs. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

JFLX vs. GLDB - Drawdown Comparison

The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum GLDB drawdown of -38.30%. Use the drawdown chart below to compare losses from any high point for JFLX and GLDB.

Drawdown Indicators

	JFLX	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-38.30%	+35.94%
Current Drawdown Current decline from peak	-0.42%	-36.88%	+36.46%
Average Drawdown Average peak-to-trough decline	-0.37%	-16.34%	+15.97%

Volatility

Volatility by Period

	JFLX	GLDB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.63%	39.76%	-37.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.63%	39.76%	-37.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.63%	39.76%	-37.13%

JFLX vs. GLDB - Expense Ratio Comparison

JFLX has a 0.45% expense ratio, which is lower than GLDB's 0.79% expense ratio.

Dividends

JFLX vs. GLDB - Dividend Comparison

JFLX's dividend yield for the trailing twelve months is around 3.62%, more than GLDB's 0.24% yield.

Position	TTM	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	0.24%	0.19%
JFLX JPMorgan Flexible Debt ETF	3.62%	1.27%

Frequently Asked Questions

Can I hold both JFLX and GLDB in my portfolio?

JFLX and GLDB 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.

Which ETF is better, JFLX or GLDB?

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.

Which ETF is cheaper, JFLX or GLDB?

JFLX is cheaper with a 0.45% expense ratio, compared with 0.79% for GLDB.

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

JFLX has the higher dividend yield at 3.62%, compared with 0.24% for GLDB.

What is the main difference between JFLX and GLDB?

They also come from different issuers: JPMorgan and Strategy Shares. Their fees differ too: 0.45% for JFLX and 0.79% for GLDB.