FLEX vs. INOD
FLEX (Flex Ltd.) and INOD (Innodata Inc.) are both stocks. Both are in the Technology sector — FLEX in Electronic Components, INOD in Information Technology Services. Over the past 10 years, FLEX returned 36.85%/yr vs 46.06%/yr for INOD. At a 0.14 correlation, their price movements are largely independent.
Performance
FLEX vs. INOD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLEX achieves a 168.02% return, which is significantly higher than INOD's 112.50% return. Over the past 10 years, FLEX has underperformed INOD with an annualized return of 36.85%, while INOD has yielded a comparatively higher 46.06% annualized 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%
INOD
- 1D
- -5.21%
- 1M
- 136.81%
- YTD
- 112.50%
- 6M
- 81.51%
- 1Y
- 144.51%
- 3Y*
- 111.83%
- 5Y*
- 72.06%
- 10Y*
- 46.06%
FLEX vs. INOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 168.02% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 65.83% | -57.70% | 25.19% |
INOD Innodata Inc. | 112.50% | 28.92% | 385.50% | 174.54% | -49.92% | 11.70% | 364.91% | -24.00% | 10.29% | -44.49% |
Correlation
The correlation between FLEX and INOD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 1994 | 0.14 |
The correlation between FLEX and INOD shifts across timeframes, from 0.14 (all time) to 0.36 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
FLEX:
$60.57B
INOD:
$3.85B
FLEX:
$2.33
INOD:
$1.11
FLEX:
69.51
INOD:
97.55
FLEX:
3.62
INOD:
0.02
FLEX:
2.19
INOD:
13.52
FLEX:
11.77
INOD:
30.05
FLEX:
$27.91B
INOD:
$283.42M
FLEX:
$2.57B
INOD:
$76.88M
FLEX:
$1.66B
INOD:
$37.35M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLEX vs. INOD — Risk / Return Rank
FLEX
INOD
FLEX vs. INOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Innodata Inc. (INOD). 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.
| FLEX | INOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.32 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 15.05 | 2.31 | +12.74 |
| Martin ratioReturn relative to average drawdown | 36.21 | 4.16 | +32.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FLEX | INOD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.59 | 1.20 | +3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.56 | 0.68 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.52 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.13 | +0.18 |
Drawdowns
FLEX vs. INOD - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, roughly equal to the maximum INOD drawdown of -95.47%. Use the drawdown chart below to compare losses from any high point for FLEX and INOD.
Loading charts...
Drawdown Indicators
| FLEX | INOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -95.47% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -63.03% | +44.65% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -63.03% | +23.04% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -74.44% | +34.45% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -74.44% | +4.42% |
Current DrawdownCurrent decline from peak | 0.00% | -6.11% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -55.26% | -60.11% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 34.85% | -27.22% |
Volatility
FLEX vs. INOD - Volatility Comparison
The current volatility for Flex Ltd. (FLEX) is 36.68%, while Innodata Inc. (INOD) has a volatility of 69.16%. This indicates that FLEX experiences smaller price fluctuations and is considered to be less risky than INOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLEX | INOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.68% | 69.16% | -32.48% |
Volatility (6M)Calculated over the trailing 6-month period | 49.96% | 86.87% | -36.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.25% | 121.37% | -61.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.00% | 106.47% | -59.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.72% | 89.14% | -43.42% |
Dividends
FLEX vs. INOD - Dividend Comparison
Neither FLEX nor INOD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% |
INOD Innodata Inc. | 0.00% | 0.00% | 0.00% |
Financials
FLEX vs. INOD - Financials Comparison
This section allows you to compare key financial metrics between Flex Ltd. and Innodata 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. INOD - 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%.
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
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%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
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%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
Frequently Asked Questions
FLEX and INOD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INOD has higher volatility (69.16%) compared to FLEX (36.68%). In terms of maximum drawdown, FLEX dropped -96.37% vs INOD's -95.47%.
FLEX currently has the higher Sharpe Ratio (4.59 vs 1.20), 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.
Find the right allocation for FLEX and INOD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer