OBND vs. JFLX
OBND (SPDR Loomis Sayles Opportunistic Bond ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. Both are actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. OBND charges 0.55%/yr vs 0.45%/yr for JFLX.
Performance
OBND vs. JFLX - Performance Comparison
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Returns By Period
In the year-to-date period, OBND achieves a 0.67% return, which is significantly lower than JFLX's 1.80% return.
OBND
- 1D
- -0.11%
- 1M
- -1.05%
- 6M
- 0.09%
- YTD
- 0.67%
- 1Y
- 3.50%
- 3Y*
- 6.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.11%
JFLX
- 1D
- 0.00%
- 1M
- -0.52%
- 6M
- 1.11%
- YTD
- 1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.65M | $4.88M | $5.11M | |
| $234.64K | $187.33K | $162.12K |
OBND vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 0.67% | 1.36% |
JFLX JPMorgan Flexible Debt ETF | 1.80% | 1.48% |
Correlation
The correlation between OBND and JFLX is 0.73, 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 | 0.73 |
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Return for Risk
OBND vs. JFLX — Risk / Return Rank
OBND
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OBND vs. JFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and JPMorgan Flexible Debt ETF (JFLX). 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.
| OBND | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | — | — |
| Martin ratioReturn relative to average drawdown | 5.65 | — | — |
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Drawdowns
OBND vs. JFLX - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.86%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for OBND and JFLX.
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Drawdown Indicators
| OBND | JFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.86% | -2.36% | -13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.60% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -0.38% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
OBND vs. JFLX - Volatility Comparison
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Volatility by Period
| OBND | JFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 2.58% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 2.58% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 2.58% | +2.05% |
OBND vs. JFLX - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is higher than JFLX's 0.45% expense ratio.
Dividends
OBND vs. JFLX - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.41%, more than JFLX's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 3.63% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 5.86% | 6.26% | 6.53% | 6.01% | 4.56% | 0.55% |
Frequently Asked Questions
OBND and JFLX have a correlation of 0.73, 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 0.55% for OBND.
OBND has the higher dividend yield at 5.86%, compared with 3.63% for JFLX.
They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.55% for OBND and 0.45% for JFLX.
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