FLEX vs. CCEP
FLEX (Flex Ltd.) and CCEP (Coca-Cola European Partners plc) are both stocks. FLEX operates in Electronic Components (Technology), while CCEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, FLEX returned 35.66%/yr vs 13.47%/yr for CCEP. At a 0.22 correlation, their price movements are largely independent.
Performance
FLEX vs. CCEP - 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 CCEP's 10.70% return. Over the past 10 years, FLEX has outperformed CCEP with an annualized return of 35.66%, while CCEP has yielded a comparatively lower 13.47% annualized 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%
CCEP
- 1D
- 1.69%
- 1M
- 11.17%
- YTD
- 10.70%
- 6M
- 10.57%
- 1Y
- 9.85%
- 3Y*
- 18.61%
- 5Y*
- 13.46%
- 10Y*
- 13.47%
FLEX vs. CCEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 147.78% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 65.83% | -57.70% | 25.19% |
CCEP Coca-Cola European Partners plc | 10.70% | 21.20% | 18.35% | 24.50% | 2.33% | 15.61% | 0.48% | 13.85% | 18.58% | 30.72% |
Correlation
The correlation between FLEX and CCEP is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1994 | 0.22 |
The correlation between FLEX and CCEP shifts across timeframes, from -0.03 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FLEX:
$55.99B
CCEP:
$44.61B
FLEX:
$2.33
CCEP:
€7.47
FLEX:
64.26
CCEP:
11.50
FLEX:
3.35
CCEP:
0.57
FLEX:
2.03
CCEP:
0.93
FLEX:
10.88
CCEP:
4.92
FLEX:
$27.91B
CCEP:
€41.26B
FLEX:
$2.57B
CCEP:
€14.63B
FLEX:
$1.66B
CCEP:
€6.87B
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Return for Risk
FLEX vs. CCEP — Risk / Return Rank
FLEX
CCEP
FLEX vs. CCEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Coca-Cola European Partners plc (CCEP). 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 | CCEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.09 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 13.34 | 0.50 | +12.85 |
| Martin ratioReturn relative to average drawdown | 31.62 | 0.90 | +30.71 |
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Drawdowns
FLEX vs. CCEP - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than CCEP's maximum drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for FLEX and CCEP.
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Drawdown Indicators
| FLEX | CCEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -79.40% | -16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -18.22% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -18.22% | -21.77% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -29.52% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -48.76% | -21.26% |
Current DrawdownCurrent decline from peak | -7.55% | -9.08% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -24.34% | -30.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 10.03% | -2.29% |
Volatility
FLEX vs. CCEP - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 19.36% compared to Coca-Cola European Partners plc (CCEP) at 6.82%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than CCEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | CCEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.36% | 6.82% | +12.54% |
Volatility (6M)Calculated over the trailing 6-month period | 50.61% | 16.68% | +33.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.43% | 22.46% | +38.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 23.20% | +24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.86% | 26.38% | +19.48% |
Dividends
FLEX vs. CCEP - Dividend Comparison
FLEX has not paid dividends to shareholders, while CCEP's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 2.41% | 2.57% | 2.77% | 2.95% | 3.07% | 2.90% | 2.01% | 2.71% | 2.73% | 2.97% | 3.65% | 2.27% |
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FLEX vs. CCEP - Financials Comparison
This section allows you to compare key financial metrics between Flex Ltd. and Coca-Cola European Partners plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FLEX vs. CCEP - Profitability Comparison
FLEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a gross profit of 702.00M and revenue of 7.48B. Therefore, the gross margin over that period was 9.4%.
CCEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coca-Cola European Partners plc reported a gross profit of 3.71B and revenue of 10.55B. Therefore, the gross margin over that period was 35.2%.
FLEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported an operating income of 372.00M and revenue of 7.48B, resulting in an operating margin of 5.0%.
CCEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coca-Cola European Partners plc reported an operating income of 1.34B and revenue of 10.55B, resulting in an operating margin of 12.8%.
FLEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a net income of 250.00M and revenue of 7.48B, resulting in a net margin of 3.3%.
CCEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coca-Cola European Partners plc reported a net income of 1.02B and revenue of 10.55B, resulting in a net margin of 9.7%.
Frequently Asked Questions
FLEX and CCEP have a correlation of -0.03, 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 CCEP (6.82%). In terms of maximum drawdown, FLEX dropped -96.37% vs CCEP's -79.40%.
FLEX currently has the higher Sharpe Ratio (3.99 vs 0.40), 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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