JFLX vs. PXE

Last updated Jun 5, 2026

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 -0.22, they often move in opposite directions. JFLX charges 0.45%/yr vs 0.63%/yr for PXE.

Performance

JFLX vs. PXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Debt ETF (JFLX) and Invesco Dynamic Energy Exploration & Production ETF (PXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFLX achieves a 1.82% return, which is significantly lower than PXE's 33.42% return.

JFLX

• 1D: 0.00%
• 1M: 0.73%
• YTD: 1.82%
• 6M: 2.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PXE

• 1D: -0.16%
• 1M: -4.54%
• YTD: 33.42%
• 6M: 22.41%
• 1Y: 40.52%
• 3Y*: 16.07%
• 5Y*: 18.51%
• 10Y*: 8.45%

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

JFLX vs. PXE - Yearly Performance Comparison

	2026 (YTD)	2025
JFLX JPMorgan Flexible Debt ETF	1.82%	1.26%
PXE Invesco Dynamic Energy Exploration & Production ETF	33.42%	-5.32%

Correlation

The correlation between JFLX and PXE is -0.22, 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 30, 2025	-0.22

Return for Risk

JFLX vs. PXE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXE

PXE Risk / Return Rank: 45
PXE Sharpe Ratio Rank: 43
PXE Sortino Ratio Rank: 39
PXE Omega Ratio Rank: 38
PXE Calmar Ratio Rank: 60
PXE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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

Sharpe Ratios by Period

	JFLX	PXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	0.18	+1.61

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.

Drawdown Indicators

	JFLX	PXE	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-83.99%	+81.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.89%	—
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 Drawdown Current decline from peak	-0.14%	-7.71%	+7.57%
Average Drawdown Average peak-to-trough decline	-0.40%	-27.99%	+27.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.74%	—

Volatility

Volatility by Period

	JFLX	PXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	27.44%	-24.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	33.66%	-31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	36.98%	-34.39%

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 3.28%, more than PXE's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFLX JPMorgan Flexible Debt ETF	3.28%	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	2.00%	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

Can I hold both JFLX and PXE in my portfolio?

JFLX and PXE have a correlation of -0.22, 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 PXE?

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 PXE?

JFLX is cheaper with a 0.45% expense ratio, compared with 0.63% for PXE.

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

JFLX has the higher dividend yield at 3.28%, compared with 2.00% for PXE.

What is the main difference between JFLX and 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.