JFLX vs. SDCI

Last updated Jun 25, 2026

JFLX (JPMorgan Flexible Debt ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both exchange-traded funds - JFLX is a Nontraditional Bonds fund actively managed by JPMorgan, while SDCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. JFLX is actively managed, while SDCI is passively managed. At a correlation of -0.16, they often move in opposite directions. JFLX charges 0.45%/yr vs 0.60%/yr for SDCI.

Performance

JFLX vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Flexible Debt ETF (JFLX) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFLX achieves a 2.21% return, which is significantly lower than SDCI's 18.29% return.

JFLX

• 1D: 0.04%
• 1M: 1.09%
• YTD: 2.21%
• 6M: 2.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDCI

• 1D: -1.23%
• 1M: -8.40%
• YTD: 18.29%
• 6M: 16.03%
• 1Y: 25.35%
• 3Y*: 19.74%
• 5Y*: 19.15%
• 10Y*: —

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

JFLX vs. SDCI - Yearly Performance Comparison

	2026 (YTD)	2025
JFLX JPMorgan Flexible Debt ETF	2.21%	1.48%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	18.29%	-1.70%

Correlation

The correlation between JFLX and SDCI is -0.16, 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	-0.16

Return for Risk

JFLX vs. SDCI — Risk / Return Rank

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

JFLX

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

SDCI

SDCI Risk / Return Rank: 49
SDCI Sharpe Ratio Rank: 49
SDCI Sortino Ratio Rank: 46
SDCI Omega Ratio Rank: 44
SDCI Calmar Ratio Rank: 52
SDCI Martin Ratio Rank: 55

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. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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	SDCI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.52	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.31	—
Martin ratio: Return relative to average drawdown	—	8.55	—

Drawdowns

JFLX vs. SDCI - Drawdown Comparison

The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for JFLX and SDCI.

Drawdown Indicators

	JFLX	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-45.79%	+43.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Current Drawdown Current decline from peak	-0.18%	-11.03%	+10.85%
Average Drawdown Average peak-to-trough decline	-0.38%	-11.55%	+11.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.97%	—

Volatility

Volatility by Period

	JFLX	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	16.77%	-14.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	18.38%	-15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	17.05%	-14.38%

JFLX vs. SDCI - Expense Ratio Comparison

JFLX has a 0.45% expense ratio, which is lower than SDCI's 0.60% expense ratio.

Dividends

JFLX vs. SDCI - Dividend Comparison

JFLX's dividend yield for the trailing twelve months is around 3.27%, more than SDCI's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JFLX JPMorgan Flexible Debt ETF	3.27%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	3.11%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%

Frequently Asked Questions

Can I hold both JFLX and SDCI in my portfolio?

JFLX and SDCI have a correlation of -0.16, 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 SDCI?

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 SDCI?

JFLX is cheaper with a 0.45% expense ratio, compared with 0.60% for SDCI.

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

JFLX has the higher dividend yield at 3.27%, compared with 3.11% for SDCI.

What is the main difference between JFLX and SDCI?

JFLX is categorized as Nontraditional Bonds, while SDCI is Commodities. They also come from different issuers: JPMorgan and USCF Investments. Their fees differ too: 0.45% for JFLX and 0.60% for SDCI.