FLEX vs. CLS
FLEX (Flex Ltd.) and CLS (Celestica Inc.) are both stocks. Both operate in the Electronic Components industry within the Technology sector. Over the past 10 years, FLEX returned 35.66%/yr vs 43.71%/yr for CLS. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
FLEX vs. CLS - 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 CLS's 32.99% return. Over the past 10 years, FLEX has underperformed CLS with an annualized return of 35.66%, while CLS has yielded a comparatively higher 43.71% 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%
CLS
- 1D
- 1.88%
- 1M
- 9.64%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 213.67%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
FLEX vs. CLS - 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% |
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
Correlation
The correlation between FLEX and CLS is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1998 | 0.55 |
The correlation between FLEX and CLS shifts across timeframes, from 0.55 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FLEX:
$55.99B
CLS:
$45.48B
FLEX:
$2.33
CLS:
$8.28
FLEX:
64.26
CLS:
47.45
FLEX:
3.35
CLS:
0.64
FLEX:
2.03
CLS:
3.30
FLEX:
10.88
CLS:
21.68
FLEX:
$27.91B
CLS:
$13.81B
FLEX:
$2.57B
CLS:
$1.60B
FLEX:
$1.66B
CLS:
$1.32B
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Return for Risk
FLEX vs. CLS — Risk / Return Rank
FLEX
CLS
FLEX vs. CLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Celestica Inc. (CLS). 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 | CLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.37 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 13.34 | 6.91 | +6.43 |
| Martin ratioReturn relative to average drawdown | 31.62 | 16.83 | +14.79 |
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Drawdowns
FLEX vs. CLS - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, roughly equal to the maximum CLS drawdown of -96.93%. Use the drawdown chart below to compare losses from any high point for FLEX and CLS.
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Drawdown Indicators
| FLEX | CLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -96.93% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -29.24% | +10.86% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -53.96% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -53.96% | +13.97% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -80.60% | +10.58% |
Current DrawdownCurrent decline from peak | -7.55% | -16.78% | +9.23% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -73.31% | +18.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 11.98% | -4.24% |
Volatility
FLEX vs. CLS - Volatility Comparison
The current volatility for Flex Ltd. (FLEX) is 19.36%, while Celestica Inc. (CLS) has a volatility of 27.54%. This indicates that FLEX experiences smaller price fluctuations and is considered to be less risky than CLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | CLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.36% | 27.54% | -8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 50.61% | 55.42% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.43% | 72.65% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 57.70% | -10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.86% | 49.97% | -4.11% |
Dividends
FLEX vs. CLS - Dividend Comparison
Neither FLEX nor CLS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CLS Celestica Inc. | 0.00% | 0.00% | 0.00% |
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% |
Financials
FLEX vs. CLS - Financials Comparison
This section allows you to compare key financial metrics between Flex Ltd. and Celestica Inc.. 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. CLS - 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%.
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
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%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
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%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
Frequently Asked Questions
FLEX and CLS have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to FLEX (19.36%). In terms of maximum drawdown, FLEX dropped -96.37% vs CLS's -96.93%.
FLEX currently has the higher Sharpe Ratio (3.99 vs 2.78), 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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