CLIX vs. BFLX

Last updated Jul 14, 2026

CLIX (ProShares Long Online/Short Stores ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. CLIX is passively managed, while BFLX is actively managed. At a 0.28 correlation, their price movements are largely independent. CLIX charges 0.65%/yr vs 0.40%/yr for BFLX.

Performance

CLIX vs. BFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Long Online/Short Stores ETF (CLIX) and iShares Flexible Equity Active ETF (BFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLIX

• 1D: -0.40%
• 1M: 7.04%
• 6M: -7.16%
• YTD: -3.48%
• 1Y: 12.38%
• 3Y*: 16.62%
• 5Y*: -6.23%
• 10Y*: —

BFLX

• 1D: -1.12%
• 1M: -0.58%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLIX vs. BFLX - Yearly Performance Comparison

	2026 (YTD)
CLIX ProShares Long Online/Short Stores ETF	2.01%
BFLX iShares Flexible Equity Active ETF	0.28%

Correlation

The correlation between CLIX and BFLX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 20, 2026	0.28

Return for Risk

CLIX vs. BFLX — Risk / Return Rank

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

CLIX

CLIX Risk / Return Rank: 19
CLIX Sharpe Ratio Rank: 21
CLIX Sortino Ratio Rank: 20
CLIX Omega Ratio Rank: 19
CLIX Calmar Ratio Rank: 19
CLIX Martin Ratio Rank: 19

BFLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CLIX vs. BFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and iShares Flexible Equity Active ETF (BFLX). 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.

	CLIX	BFLX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	0.91	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.64	—	—
Martin ratio: Return relative to average drawdown	1.56	—	—

Drawdowns

CLIX vs. BFLX - Drawdown Comparison

The maximum CLIX drawdown since its inception was -73.21%, which is greater than BFLX's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for CLIX and BFLX.

Drawdown Indicators

	CLIX	BFLX	Difference
Max Drawdown Largest peak-to-trough decline	-73.21%	-3.85%	-69.36%
Max Drawdown (1Y) Largest decline over 1 year	-19.57%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.03%	—	—
Current Drawdown Current decline from peak	-42.98%	-2.47%	-40.51%
Average Drawdown Average peak-to-trough decline	-34.81%	-1.32%	-33.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.94%	—	—

Volatility

Volatility by Period

	CLIX	BFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.72%	14.58%	+7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	14.58%	+12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	14.58%	+11.30%

CLIX vs. BFLX - Expense Ratio Comparison

CLIX has a 0.65% expense ratio, which is higher than BFLX's 0.40% expense ratio.

Dividends

CLIX vs. BFLX - Dividend Comparison

CLIX's dividend yield for the trailing twelve months is around 0.54%, while BFLX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BFLX iShares Flexible Equity Active ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CLIX ProShares Long Online/Short Stores ETF	0.54%	0.46%	0.46%	0.00%	0.00%	0.00%	1.33%

Frequently Asked Questions

Can I hold both CLIX and BFLX in my portfolio?

CLIX and BFLX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLIX or BFLX?

On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLIX or BFLX?

BFLX is cheaper with a 0.40% expense ratio, compared with 0.65% for CLIX.

Which ETF pays a higher dividend yield, CLIX or BFLX?

CLIX has the higher dividend yield at 0.54%, compared with 0.00% for BFLX.

What is the main difference between CLIX and BFLX?

They also come from different issuers: ProShares and iShares. Their fees differ too: 0.65% for CLIX and 0.40% for BFLX.