JFLX vs. MLPX
JFLX (JPMorgan Flexible Debt ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - JFLX is a Nontraditional Bonds fund actively managed by JPMorgan, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. JFLX is actively managed, while MLPX is passively managed. At a correlation of -0.15, they often move in opposite directions. Both charge a 0.45% expense ratio.
Performance
JFLX vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 2.21% return, which is significantly lower than MLPX's 23.61% return.
JFLX
- 1D
- 0.04%
- 1M
- 1.09%
- YTD
- 2.21%
- 6M
- 2.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- -1.39%
- 1M
- -5.31%
- YTD
- 23.61%
- 6M
- 23.85%
- 1Y
- 23.77%
- 3Y*
- 28.96%
- 5Y*
- 20.92%
- 10Y*
- 12.30%
JFLX vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 2.21% | 1.48% |
MLPX Global X MLP & Energy Infrastructure ETF | 23.61% | -2.57% |
Correlation
The correlation between JFLX and MLPX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | -0.15 |
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Return for Risk
JFLX vs. MLPX — Risk / Return Rank
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
JFLX vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and Global X MLP & Energy Infrastructure ETF (MLPX). 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.
| JFLX | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.92 | — |
| Martin ratioReturn relative to average drawdown | — | 6.98 | — |
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Drawdowns
JFLX vs. MLPX - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for JFLX and MLPX.
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Drawdown Indicators
| JFLX | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -70.67% | +68.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -0.18% | -5.67% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -16.58% | +16.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.42% | — |
Volatility
JFLX vs. MLPX - Volatility Comparison
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Volatility by Period
| JFLX | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 15.42% | -12.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 20.00% | -17.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.67% | 26.47% | -23.80% |
JFLX vs. MLPX - Expense Ratio Comparison
Both JFLX and MLPX have an expense ratio of 0.45%.
Dividends
JFLX vs. MLPX - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.27%, less than MLPX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 3.27% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.15% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
JFLX and MLPX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JFLX and MLPX have the same expense ratio: 0.45% per year.
MLPX has the higher dividend yield at 4.15%, compared with 3.27% for JFLX.
JFLX is categorized as Nontraditional Bonds, while MLPX is MLPs. They also come from different issuers: JPMorgan and Global X.
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