BPAY vs. FLR
BPAY (BlackRock Future Financial and Technology ETF) is Financials Equities fund actively managed by BlackRock, while FLR (Fluor Corporation) is a stock. Over the past 3 years, BPAY returned 9.60%/yr vs 23.26%/yr for FLR. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
BPAY vs. FLR - Performance Comparison
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Returns By Period
In the year-to-date period, BPAY achieves a -9.13% return, which is significantly lower than FLR's 35.30% return.
BPAY
- 1D
- -0.22%
- 1M
- 1.05%
- YTD
- -9.13%
- 6M
- -11.58%
- 1Y
- -17.22%
- 3Y*
- 9.60%
- 5Y*
- —
- 10Y*
- —
FLR
- 1D
- 0.85%
- 1M
- 14.43%
- YTD
- 35.30%
- 6M
- 30.97%
- 1Y
- 7.78%
- 3Y*
- 23.26%
- 5Y*
- 23.65%
- 10Y*
- 2.37%
BPAY vs. FLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -9.13% | 8.54% | 17.28% | 13.19% | -16.32% |
FLR Fluor Corporation | 35.30% | -19.65% | 25.91% | 13.01% | 26.17% |
Correlation
The correlation between BPAY and FLR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022 | 0.53 |
The correlation between BPAY and FLR has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
BPAY vs. FLR — Risk / Return Rank
BPAY
FLR
BPAY vs. FLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and Fluor Corporation (FLR). 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.
| BPAY | FLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.08 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.26 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.96 | 0.40 | -1.36 |
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Drawdowns
BPAY vs. FLR - Drawdown Comparison
The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum FLR drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for BPAY and FLR.
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Drawdown Indicators
| BPAY | FLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -95.89% | +62.27% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -30.19% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -47.63% | +14.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.16% | — |
Current DrawdownCurrent decline from peak | -23.23% | -35.12% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -41.61% | +30.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.01% | 19.56% | -1.55% |
Volatility
BPAY vs. FLR - Volatility Comparison
The current volatility for BlackRock Future Financial and Technology ETF (BPAY) is 9.69%, while Fluor Corporation (FLR) has a volatility of 14.19%. This indicates that BPAY experiences smaller price fluctuations and is considered to be less risky than FLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPAY | FLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.69% | 14.19% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 34.66% | -14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.85% | 51.38% | -25.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 45.22% | -20.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 57.67% | -33.20% |
Dividends
BPAY vs. FLR - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 7.46%, while FLR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 7.46% | 6.49% | 0.48% | 1.18% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLR Fluor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 3.87% | 2.61% | 1.63% | 1.60% | 1.78% |
Frequently Asked Questions
BPAY and FLR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLR has higher volatility (14.19%) compared to BPAY (9.69%). In terms of maximum drawdown, BPAY dropped -33.62% vs FLR's -95.89%.
FLR currently has the higher Sharpe Ratio (0.15 vs -0.67), 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.
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