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FLEX vs. BSMS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLEX vs. BSMS

Last updated Jun 4, 2026

FLEX (Flex Ltd.) is a stock, while BSMS (Invesco BulletShares 2028 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2028 Index. Over the past 5 years, FLEX returned 72.90%/yr vs 0.07%/yr for BSMS. At a 0.06 correlation, their price movements are largely independent.

Performance

FLEX vs. BSMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flex Ltd. (FLEX) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLEX achieves a 168.02% return, which is significantly higher than BSMS's 0.82% return.

FLEX

1D
1.57%
1M
76.33%
YTD
168.02%
6M
175.55%
1Y
274.69%
3Y*
123.77%
5Y*
72.90%
10Y*
36.85%

BSMS

1D
0.04%
1M
0.18%
YTD
0.82%
6M
1.20%
1Y
4.26%
3Y*
3.05%
5Y*
0.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLEX vs. BSMS - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FLEX
Flex Ltd.		168.02%57.38%127.87%41.94%17.08%1.95%42.47%20.19%
BSMS
Invesco BulletShares 2028 Municipal Bond ETF		0.82%3.61%1.00%4.99%-9.93%1.50%6.55%0.22%

Correlation

The correlation between FLEX and BSMS is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.06

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Flex Ltd.

Invesco BulletShares 2028 Municipal Bond ETF

Often compared with FLEX:
FLEX vs. JBLFLEX vs. SANMFLEX vs. SPYFLEX vs. SMCIFLEX vs. INODFLEX vs. LPXFLEX vs. COST
Often compared with BSMS:
BSMS vs. BSMTBSMS vs. CABSMS vs. VTESBSMS vs. RMNYBSMS vs. CALIBSMS vs. ZTAXBSMS vs. FMUN

Return for Risk

FLEX vs. BSMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLEX
FLEX Risk / Return Rank: 9898
Overall Rank
FLEX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
FLEX Sortino Ratio Rank: 9898
Sortino Ratio Rank
FLEX Omega Ratio Rank: 9797
Omega Ratio Rank
FLEX Calmar Ratio Rank: 9999
Calmar Ratio Rank
FLEX Martin Ratio Rank: 9898
Martin Ratio Rank
BSMS
BSMS Risk / Return Rank: 8383
Overall Rank
BSMS Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
BSMS Sortino Ratio Rank: 9191
Sortino Ratio Rank
BSMS Omega Ratio Rank: 9292
Omega Ratio Rank
BSMS Calmar Ratio Rank: 7979
Calmar Ratio Rank
BSMS Martin Ratio Rank: 6565
Martin Ratio Rank
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.

FLEX vs. BSMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS). 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.

FLEXBSMSDifference
Sharpe ratioReturn per unit of total volatility
4.59
2.86

+1.73

Sortino ratioReturn per unit of downside risk
5.09
4.42

+0.66

Omega ratioGain probability vs. loss probability

1.68

1.63

+0.05

Calmar ratioReturn relative to maximum drawdown

15.05

4.08

+10.97

Martin ratioReturn relative to average drawdown

36.21

11.81

+24.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLEX vs. BSMS - Sharpe Ratio Comparison

The current FLEX Sharpe Ratio is 4.59, which is higher than the BSMS Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of FLEX and BSMS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FLEXBSMSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.59

2.86

+1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.56

0.02

+1.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.19

+0.12

Drawdowns

FLEX vs. BSMS - Drawdown Comparison

The maximum FLEX drawdown since its inception was -96.37%, which is greater than BSMS's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for FLEX and BSMS.

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Drawdown Indicators

FLEXBSMSDifference

Max Drawdown

Largest peak-to-trough decline

-96.37%

-14.95%

-81.42%

Max Drawdown (1Y)

Largest decline over 1 year

-18.38%

-1.05%

-17.33%

Max Drawdown (3Y)

Largest decline over 3 years

-39.99%

-4.25%

-35.74%

Max Drawdown (5Y)

Largest decline over 5 years

-39.99%

-14.95%

-25.04%

Max Drawdown (10Y)

Largest decline over 10 years

-70.02%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.09%

+1.09%

Average Drawdown

Average peak-to-trough decline

-55.26%

-4.97%

-50.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.63%

0.36%

+7.27%

Volatility

FLEX vs. BSMS - Volatility Comparison

Flex Ltd. (FLEX) has a higher volatility of 36.68% compared to Invesco BulletShares 2028 Municipal Bond ETF (BSMS) at 0.50%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than BSMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLEXBSMSDifference

Volatility (1M)

Calculated over the trailing 1-month period

36.68%

0.50%

+36.18%

Volatility (6M)

Calculated over the trailing 6-month period

49.96%

0.91%

+49.05%

Volatility (1Y)

Calculated over the trailing 1-year period

60.25%

1.50%

+58.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.00%

3.60%

+43.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.72%

6.21%

+39.51%

Dividends

FLEX vs. BSMS - Dividend Comparison

FLEX has not paid dividends to shareholders, while BSMS's dividend yield for the trailing twelve months is around 2.77%.

PositionTTM2025202420232022202120202019
BSMS
Invesco BulletShares 2028 Municipal Bond ETF		2.77%2.79%2.81%2.58%1.56%1.49%1.61%0.46%
FLEX
Flex Ltd.		0.00%0.00%21.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FLEX and BSMS have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLEX has higher volatility (36.68%) compared to BSMS (0.50%). In terms of maximum drawdown, FLEX dropped -96.37% vs BSMS's -14.95%.

FLEX currently has the higher Sharpe Ratio (4.59 vs 2.86), 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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