BINC vs. FLXR

Last updated Jun 4, 2026

BINC (iShares Flexible Income Active ETF) and FLXR (TCW Flexible Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, BINC returned 5.80% vs 5.89% for FLXR. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

BINC vs. FLXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) and TCW Flexible Income ETF (FLXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINC achieves a 0.90% return, which is significantly lower than FLXR's 1.09% return.

BINC

• 1D: -0.12%
• 1M: 0.54%
• YTD: 0.90%
• 6M: 1.22%
• 1Y: 5.80%
• 3Y*: 7.02%
• 5Y*: —
• 10Y*: —

FLXR

• 1D: -0.18%
• 1M: 0.36%
• YTD: 1.09%
• 6M: 1.43%
• 1Y: 5.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BINC vs. FLXR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BINC iShares Flexible Income Active ETF	0.90%	7.57%	3.72%
FLXR TCW Flexible Income ETF	1.09%	8.37%	4.77%

Correlation

The correlation between BINC and FLXR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.70

The correlation between BINC and FLXR has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

BINC vs. FLXR - Sectors Allocation Comparison

Sectors	BINC	FLXR
Financial Services	0.1%	-
Basic Materials	0.0%	-
Industrials	0.0%	-
Energy	0.0%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Technology	-	-
Utilities	-	-
Real Estate	-0.0%	37.6%
Healthcare	-0.0%	62.4%
Communication Services	-0.0%	-

Return for Risk

BINC vs. FLXR — Risk / Return Rank

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

BINC

BINC Risk / Return Rank: 67
BINC Sharpe Ratio Rank: 77
BINC Sortino Ratio Rank: 82
BINC Omega Ratio Rank: 83
BINC Calmar Ratio Rank: 43
BINC Martin Ratio Rank: 50

FLXR

FLXR Risk / Return Rank: 82
FLXR Sharpe Ratio Rank: 79
FLXR Sortino Ratio Rank: 86
FLXR Omega Ratio Rank: 83
FLXR Calmar Ratio Rank: 78
FLXR Martin Ratio Rank: 84

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.

BINC vs. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and TCW Flexible Income ETF (FLXR). 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.

	BINC	FLXR	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.61	-0.06
Sortino ratio: Return per unit of downside risk	3.71	3.94	-0.23
Omega ratio: Gain probability vs. loss probability	1.51	1.51	0.00
Calmar ratio: Return relative to maximum drawdown	2.17	4.04	-1.87
Martin ratio: Return relative to average drawdown	8.53	17.36	-8.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINC vs. FLXR - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 2.56, which is comparable to the FLXR Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BINC and FLXR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BINC	FLXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.61	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	2.65	-0.29

Drawdowns

BINC vs. FLXR - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, which is greater than FLXR's maximum drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for BINC and FLXR.

Drawdown Indicators

	BINC	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-1.94%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-1.46%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.23%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.36%	-0.36%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.34%	+0.34%

Volatility

BINC vs. FLXR - Volatility Comparison

iShares Flexible Income Active ETF (BINC) and TCW Flexible Income ETF (FLXR) have volatilities of 0.75% and 0.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINC	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	0.76%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	1.65%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	2.26%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.00%	2.79%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.00%	2.79%	+0.21%

BINC vs. FLXR - Expense Ratio Comparison

Both BINC and FLXR have an expense ratio of 0.40%.

Dividends

BINC vs. FLXR - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.86%, which matches FLXR's 5.82% yield.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.86%	5.86%	6.14%	3.13%
FLXR TCW Flexible Income ETF	5.82%	5.66%	3.44%	0.00%

Frequently Asked Questions

Can I hold both BINC and FLXR in my portfolio?

BINC and FLXR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINC or FLXR?

FLXR has higher volatility (0.76%) compared to BINC (0.75%). In terms of maximum drawdown, BINC dropped -2.69% vs FLXR's -1.94%.

Which ETF is better, BINC or FLXR?

On 1-year performance, FLXR leads with 5.89% vs 5.80% for BINC. Both ETFs have the same 0.40% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BINC or FLXR?

Over the 1-year period, FLXR has performed better with a 5.89% return vs 5.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BINC or FLXR?

BINC and FLXR have the same expense ratio: 0.40% per year.

Which ETF pays a higher dividend yield, BINC or FLXR?

BINC has the higher dividend yield at 5.86%, compared with 5.82% for FLXR.

What is the main difference between BINC and FLXR?

They also come from different issuers: iShares and TCW.

Which has better risk-adjusted returns?

FLXR currently has the higher Sharpe Ratio (2.61 vs 2.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.