JFLX vs. UCON
JFLX (JPMorgan Flexible Debt ETF) and UCON (First Trust TCW Unconstrained Plus Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JFLX charges 0.45%/yr vs 0.86%/yr for UCON.
Performance
JFLX vs. UCON - Performance Comparison
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Returns By Period
In the year-to-date period, JFLX achieves a 1.80% return, which is significantly higher than UCON's 0.17% return.
JFLX
- 1D
- 0.00%
- 1M
- -0.52%
- 6M
- 1.11%
- YTD
- 1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UCON
- 1D
- -0.08%
- 1M
- -0.90%
- 6M
- -0.03%
- YTD
- 0.17%
- 1Y
- 3.17%
- 3Y*
- 5.26%
- 5Y*
- 2.62%
- 10Y*
- —
- ALL TIME*
- 3.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.65M | $4.88M | $5.11M | |
| $12.55M | $12.19M | $13.58M |
JFLX vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 1.80% | 1.48% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 0.17% | 1.44% |
Correlation
The correlation between JFLX and UCON is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.65 |
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Return for Risk
JFLX vs. UCON — Risk / Return Rank
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCON
JFLX vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Flexible Debt ETF (JFLX) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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 | UCON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.50 | — |
| Martin ratioReturn relative to average drawdown | — | 5.42 | — |
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Drawdowns
JFLX vs. UCON - Drawdown Comparison
The maximum JFLX drawdown since its inception was -2.36%, smaller than the maximum UCON drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for JFLX and UCON.
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Drawdown Indicators
| JFLX | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -15.31% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.60% | — |
Current DrawdownCurrent decline from peak | -0.60% | -1.06% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -1.46% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.68% | — |
Volatility
JFLX vs. UCON - Volatility Comparison
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Volatility by Period
| JFLX | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 2.98% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 3.91% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 5.85% | -3.27% |
JFLX vs. UCON - Expense Ratio Comparison
JFLX has a 0.45% expense ratio, which is lower than UCON's 0.86% expense ratio.
Dividends
JFLX vs. UCON - Dividend Comparison
JFLX's dividend yield for the trailing twelve months is around 3.63%, less than UCON's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 3.63% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.74% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% |
Frequently Asked Questions
JFLX and UCON have a correlation of 0.65, 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 0.86% for UCON.
UCON has the higher dividend yield at 4.74%, compared with 3.63% for JFLX.
They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.45% for JFLX and 0.86% for UCON.
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