FLEX vs. GLD
Compare and contrast key facts about Flex Ltd. (FLEX) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLEX or GLD.
Key characteristics
| FLEX | GLD | |
|---|---|---|
| YTD Return | 188.75% | 30.59% |
| 1Y Return | 240.51% | 38.10% |
| 3Y Return (Ann) | 70.18% | 13.60% |
| 5Y Return (Ann) | 49.48% | 12.72% |
| 10Y Return (Ann) | 23.45% | 8.51% |
| Sharpe Ratio | 3.00 | 2.52 |
| Sortino Ratio | 6.61 | 3.33 |
| Omega Ratio | 1.84 | 1.44 |
| Calmar Ratio | 5.65 | 4.95 |
| Martin Ratio | 36.86 | 16.79 |
| Ulcer Index | 6.57% | 2.19% |
| Daily Std Dev | 80.80% | 14.59% |
| Max Drawdown | -96.37% | -45.56% |
| Current Drawdown | 0.00% | -3.05% |
Correlation
The correlation between FLEX and GLD is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLEX vs. GLD - Performance Comparison
In the year-to-date period, FLEX achieves a 188.75% return, which is significantly higher than GLD's 30.59% return. Over the past 10 years, FLEX has outperformed GLD with an annualized return of 23.45%, while GLD has yielded a comparatively lower 8.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FLEX vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and SPDR Gold Trust (GLD). 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.
Dividends
FLEX vs. GLD - Dividend Comparison
FLEX's dividend yield for the trailing twelve months is around 20.65%, while GLD has not paid dividends to shareholders.
| TTM | |
|---|---|
FLEX Flex Ltd. | 20.65% |
GLD SPDR Gold Trust | 0.00% |
Drawdowns
FLEX vs. GLD - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for FLEX and GLD. For additional features, visit the drawdowns tool.
Volatility
FLEX vs. GLD - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 10.86% compared to SPDR Gold Trust (GLD) at 4.86%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.