JFLX vs. PXE
JFLX (JPMorgan Flexible Debt ETF) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both exchange-traded funds - JFLX is a Nontraditional Bonds fund actively managed by JPMorgan, while PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index. JFLX is actively managed, while PXE is passively managed. At a correlation of -0.25, they often move in opposite directions. JFLX charges 0.45%/yr vs 0.63%/yr for PXE.
Performance
JFLX vs. PXE - 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 PXE's 21.52% return.
JFLX
- 1D
- 0.04%
- 1M
- 1.09%
- YTD
- 2.21%
- 6M
- 2.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE
- 1D
- -1.14%
- 1M
- -9.46%
- YTD
- 21.52%
- 6M
- 22.13%
- 1Y
- 20.57%
- 3Y*
- 11.49%
- 5Y*
- 15.22%
- 10Y*
- 8.03%
JFLX vs. PXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 2.21% | 1.48% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 21.52% | -7.62% |
Correlation
The correlation between JFLX and PXE is -0.25, 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 | -0.25 |
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Return for Risk
JFLX vs. PXE — Risk / Return Rank
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXE
JFLX vs. PXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and Invesco Dynamic Energy Exploration & Production ETF (PXE). 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 | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.24 | — |
| Martin ratioReturn relative to average drawdown | — | 3.26 | — |
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Drawdowns
JFLX vs. PXE - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for JFLX and PXE.
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Drawdown Indicators
| JFLX | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -83.99% | +81.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.17% | — |
Current DrawdownCurrent decline from peak | -0.18% | -15.95% | +15.77% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -27.95% | +27.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.32% | — |
Volatility
JFLX vs. PXE - Volatility Comparison
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Volatility by Period
| JFLX | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 27.72% | -25.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 33.65% | -30.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.67% | 36.99% | -34.32% |
JFLX vs. PXE - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is lower than PXE's 0.63% expense ratio.
Dividends
JFLX vs. PXE - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.27%, more than PXE's 1.97% 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% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.97% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
Frequently Asked Questions
JFLX and PXE have a correlation of -0.25, 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 0.63% for PXE.
JFLX has the higher dividend yield at 3.27%, compared with 1.97% for PXE.
JFLX is categorized as Nontraditional Bonds, while PXE is Energy Equities. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.45% for JFLX and 0.63% for PXE.
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