UCON vs. JFLX
UCON (First Trust TCW Unconstrained Plus Bond ETF) and JFLX (JPMorgan Flexible Debt ETF) are both Nontraditional Bonds funds. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. UCON charges 0.86%/yr vs 0.45%/yr for JFLX.
Performance
UCON vs. JFLX - Performance Comparison
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Returns By Period
In the year-to-date period, UCON achieves a 0.64% return, which is significantly lower than JFLX's 1.97% return.
UCON
- 1D
- -0.08%
- 1M
- -0.02%
- 6M
- 0.54%
- YTD
- 0.64%
- 1Y
- 4.59%
- 3Y*
- 5.68%
- 5Y*
- 2.74%
- 10Y*
- —
JFLX
- 1D
- -0.11%
- 1M
- -0.02%
- 6M
- 1.40%
- YTD
- 1.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCON vs. JFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | 0.64% | 1.44% |
JFLX JPMorgan Flexible Debt ETF | 1.97% | 1.48% |
Correlation
The correlation between UCON and JFLX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.64 |
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Return for Risk
UCON vs. JFLX — Risk / Return Rank
UCON
JFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCON vs. JFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) 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.
| UCON | JFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 7.14 | — | — |
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Drawdowns
UCON vs. JFLX - Drawdown Comparison
The maximum UCON drawdown since its inception was -15.31%, which is greater than JFLX's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for UCON and JFLX.
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Drawdown Indicators
| UCON | JFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -2.36% | -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% | -0.43% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -0.37% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | — | — |
Volatility
UCON vs. JFLX - Volatility Comparison
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Volatility by Period
| UCON | JFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 2.61% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 2.61% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 2.61% | +3.25% |
UCON vs. JFLX - Expense Ratio Comparison
UCON has a 0.86% expense ratio, which is higher than JFLX's 0.45% expense ratio.
Dividends
UCON vs. JFLX - Dividend Comparison
UCON's dividend yield for the trailing twelve months is around 4.70%, more than JFLX's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JFLX JPMorgan Flexible Debt ETF | 3.62% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.70% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% |
Frequently Asked Questions
UCON and JFLX have a correlation of 0.64, 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 4.70%, compared with 3.62% for JFLX.
They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.86% for UCON and 0.45% for JFLX.
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