FLEX vs. AVDE
FLEX (Flex Ltd.) is a stock, while AVDE (Avantis International Equity ETF) is Foreign Large Cap Equities fund actively managed by Avantis. Over the past 5 years, FLEX returned 71.04%/yr vs 9.98%/yr for AVDE. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
FLEX vs. AVDE - Performance Comparison
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Returns By Period
In the year-to-date period, FLEX achieves a 147.78% return, which is significantly higher than AVDE's 10.87% return.
FLEX
- 1D
- -1.50%
- 1M
- 8.60%
- YTD
- 147.78%
- 6M
- 117.60%
- 1Y
- 247.11%
- 3Y*
- 116.67%
- 5Y*
- 71.04%
- 10Y*
- 35.66%
AVDE
- 1D
- 0.59%
- 1M
- 1.98%
- YTD
- 10.87%
- 6M
- 12.42%
- 1Y
- 27.50%
- 3Y*
- 19.56%
- 5Y*
- 9.98%
- 10Y*
- —
FLEX vs. AVDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 147.78% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 19.96% |
AVDE Avantis International Equity ETF | 10.87% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 7.95% |
Correlation
The correlation between FLEX and AVDE 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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.57 |
The correlation between FLEX and AVDE shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLEX vs. AVDE — Risk / Return Rank
FLEX
AVDE
FLEX vs. AVDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Avantis International Equity ETF (AVDE). 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.
| FLEX | AVDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.32 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 13.34 | 2.30 | +11.04 |
| Martin ratioReturn relative to average drawdown | 31.62 | 9.00 | +22.62 |
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Drawdowns
FLEX vs. AVDE - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than AVDE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for FLEX and AVDE.
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Drawdown Indicators
| FLEX | AVDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -36.99% | -59.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -11.48% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -13.46% | -26.53% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -28.73% | -11.26% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | -1.09% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -6.15% | -49.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 2.94% | +4.80% |
Volatility
FLEX vs. AVDE - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 19.36% compared to Avantis International Equity ETF (AVDE) at 5.57%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | AVDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.36% | 5.57% | +13.79% |
Volatility (6M)Calculated over the trailing 6-month period | 50.61% | 12.80% | +37.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.43% | 15.06% | +46.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 16.39% | +30.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.86% | 18.93% | +26.93% |
Dividends
FLEX vs. AVDE - Dividend Comparison
FLEX has not paid dividends to shareholders, while AVDE's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 3.84% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% |
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLEX and AVDE 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.
FLEX has higher volatility (19.36%) compared to AVDE (5.57%). In terms of maximum drawdown, FLEX dropped -96.37% vs AVDE's -36.99%.
FLEX currently has the higher Sharpe Ratio (3.99 vs 1.76), 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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