FLEX vs. IYH
FLEX (Flex Ltd.) is a stock, while IYH (iShares U.S. Healthcare ETF) is Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Over the past 10 years, FLEX returned 32.59%/yr vs 9.52%/yr for IYH. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
FLEX vs. IYH - Performance Comparison
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Returns By Period
In the year-to-date period, FLEX achieves a 94.39% return, which is significantly higher than IYH's 5.42% return. Over the past 10 years, FLEX has outperformed IYH with an annualized return of 32.59%, while IYH has yielded a comparatively lower 9.52% annualized return.
FLEX
- 1D
- 3.25%
- 1M
- -14.18%
- 6M
- 81.59%
- YTD
- 94.39%
- 1Y
- 137.18%
- 3Y*
- 98.79%
- 5Y*
- 64.44%
- 10Y*
- 32.59%
- ALL TIME*
- 15.67%
IYH
- 1D
- -0.15%
- 1M
- -1.40%
- 6M
- 5.14%
- YTD
- 5.42%
- 1Y
- 25.28%
- 3Y*
- 8.40%
- 5Y*
- 4.62%
- 10Y*
- 9.52%
- ALL TIME*
- 7.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FLEX Flex Ltd. | $699.10M | $604.53M | $1.03B |
| $76.84M | $57.93M | $57.32M |
FLEX vs. IYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 94.39% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 65.83% | -57.70% | 25.19% |
IYH iShares U.S. Healthcare ETF | 5.42% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 22.27% |
Correlation
The correlation between FLEX and IYH is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.40 |
The correlation between FLEX and IYH shifts across timeframes, from -0.02 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLEX vs. IYH — Risk / Return Rank
FLEX
IYH
FLEX vs. IYH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and iShares U.S. Healthcare ETF (IYH). 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 | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.39 | +1.40 |
| Martin ratioReturn relative to average drawdown | 13.24 | 5.64 | +7.60 |
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Drawdowns
FLEX vs. IYH - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for FLEX and IYH.
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Drawdown Indicators
| FLEX | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -43.12% | -53.25% |
Max Drawdown (1Y)Largest decline over 1 year | -36.43% | -10.64% | -25.79% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -17.91% | -22.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -17.91% | -22.08% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -28.40% | -41.62% |
Current DrawdownCurrent decline from peak | -27.53% | -2.92% | -24.61% |
Average DrawdownAverage peak-to-trough decline | -55.11% | -8.92% | -46.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.40% | 4.49% | +5.91% |
Volatility
FLEX vs. IYH - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 20.60% compared to iShares U.S. Healthcare ETF (IYH) at 5.25%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.60% | 5.25% | +15.35% |
Volatility (6M)Calculated over the trailing 6-month period | 56.88% | 12.02% | +44.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.94% | 15.64% | +51.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.74% | 15.23% | +33.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.63% | 16.82% | +29.81% |
Dividends
FLEX vs. IYH - Dividend Comparison
FLEX has not paid dividends to shareholders, while IYH's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IYH iShares U.S. Healthcare ETF | 1.17% | 1.19% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% |
Frequently Asked Questions
FLEX and IYH have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLEX has higher volatility (20.60%) compared to IYH (5.25%). In terms of maximum drawdown, FLEX dropped -96.37% vs IYH's -43.12%.
FLEX currently has the higher Sharpe Ratio (2.07 vs 1.63), 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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