EIPI vs. FLNG

Last updated Jun 24, 2026

EIPI (FT Energy Income Partners Enhanced Income ETF) is Derivative Income fund actively managed by First Trust, while FLNG (FLEX LNG Ltd) is a stock. Over the past year, EIPI returned 21.10% vs 44.61% for FLNG. At a 0.30 correlation, their price movements are largely independent.

Performance

EIPI vs. FLNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Enhanced Income ETF (EIPI) and FLEX LNG Ltd (FLNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIPI achieves a 14.45% return, which is significantly lower than FLNG's 30.47% return.

EIPI

• 1D: 1.28%
• 1M: -2.69%
• YTD: 14.45%
• 6M: 15.14%
• 1Y: 21.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLNG

• 1D: 1.75%
• 1M: -0.93%
• YTD: 30.47%
• 6M: 33.57%
• 1Y: 44.61%
• 3Y*: 12.87%
• 5Y*: 29.03%
• 10Y*: —

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

EIPI vs. FLNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	14.45%	12.38%	13.14%
FLNG FLEX LNG Ltd	30.47%	22.47%	-6.17%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.30

Return for Risk

EIPI vs. FLNG — Risk / Return Rank

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

EIPI

EIPI Risk / Return Rank: 76
EIPI Sharpe Ratio Rank: 73
EIPI Sortino Ratio Rank: 78
EIPI Omega Ratio Rank: 66
EIPI Calmar Ratio Rank: 85
EIPI Martin Ratio Rank: 78

FLNG

FLNG Risk / Return Rank: 86
FLNG Sharpe Ratio Rank: 85
FLNG Sortino Ratio Rank: 83
FLNG Omega Ratio Rank: 81
FLNG Calmar Ratio Rank: 92
FLNG Martin Ratio Rank: 89

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.

EIPI vs. FLNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) and FLEX LNG Ltd (FLNG). 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.

	EIPI	FLNG	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.73	+0.46
Sortino ratio: Return per unit of downside risk	3.22	2.42	+0.80
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	4.44	5.11	-0.67
Martin ratio: Return relative to average drawdown	14.04	10.95	+3.09

EIPI vs. FLNG - Sharpe Ratio Comparison

The current EIPI Sharpe Ratio is 2.19, which is comparable to the FLNG Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of EIPI and FLNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIPI vs. FLNG - Drawdown Comparison

The maximum EIPI drawdown since its inception was -12.33%, smaller than the maximum FLNG drawdown of -71.92%. Use the drawdown chart below to compare losses from any high point for EIPI and FLNG.

Drawdown Indicators

	EIPI	FLNG	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-71.92%	+59.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-8.78%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.05%	—
Current Drawdown Current decline from peak	-2.70%	-4.83%	+2.13%
Average Drawdown Average peak-to-trough decline	-1.70%	-18.73%	+17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	4.15%	-2.64%

Volatility

EIPI vs. FLNG - Volatility Comparison

The current volatility for FT Energy Income Partners Enhanced Income ETF (EIPI) is 3.51%, while FLEX LNG Ltd (FLNG) has a volatility of 6.87%. This indicates that EIPI experiences smaller price fluctuations and is considered to be less risky than FLNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPI	FLNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	6.87%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	18.89%	-11.46%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	25.89%	-16.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	39.15%	-26.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.03%	47.25%	-34.22%

Dividends

EIPI vs. FLNG - Dividend Comparison

EIPI's dividend yield for the trailing twelve months is around 6.79%, less than FLNG's 9.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EIPI FT Energy Income Partners Enhanced Income ETF	6.79%	9.71%	6.31%	0.00%	0.00%	0.00%	0.00%	0.00%
FLNG FLEX LNG Ltd	9.71%	12.02%	13.08%	11.61%	10.71%	7.88%	2.29%	0.92%

Frequently Asked Questions

Can I hold both EIPI and FLNG in my portfolio?

EIPI and FLNG 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 is riskier, EIPI or FLNG?

FLNG has higher volatility (6.87%) compared to EIPI (3.51%). In terms of maximum drawdown, EIPI dropped -12.33% vs FLNG's -71.92%.

Which has better risk-adjusted returns?

EIPI currently has the higher Sharpe Ratio (2.19 vs 1.73), 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.