FLEX vs. LPX
FLEX (Flex Ltd.) and LPX (Louisiana-Pacific Corporation) are both stocks. FLEX operates in Electronic Components (Technology), while LPX operates in Building Products & Equipment (Industrials). Over the past 10 years, FLEX returned 32.48%/yr vs 15.23%/yr for LPX. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
FLEX vs. LPX - Performance Comparison
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Returns By Period
In the year-to-date period, FLEX achieves a 88.27% return, which is significantly higher than LPX's -9.61% return. Over the past 10 years, FLEX has outperformed LPX with an annualized return of 32.48%, while LPX has yielded a comparatively lower 15.23% annualized return.
FLEX
- 1D
- 1.64%
- 1M
- -16.88%
- 6M
- 80.44%
- YTD
- 88.27%
- 1Y
- 129.71%
- 3Y*
- 95.96%
- 5Y*
- 62.82%
- 10Y*
- 32.48%
- ALL TIME*
- 15.56%
LPX
- 1D
- 0.72%
- 1M
- -8.67%
- 6M
- -12.82%
- YTD
- -9.61%
- 1Y
- -18.79%
- 3Y*
- -0.47%
- 5Y*
- 6.93%
- 10Y*
- 15.23%
- ALL TIME*
- 7.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FLEX Flex Ltd. | $686.22M | $621.62M | $1.03B |
| $73.81M | $84.43M | $87.70M |
FLEX vs. LPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 88.27% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 65.83% | -57.70% | 25.19% |
LPX Louisiana-Pacific Corporation | -9.61% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
Correlation
The correlation between FLEX and LPX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1994 | 0.31 |
The correlation between FLEX and LPX shifts across timeframes, from 0.20 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FLEX:
$41.68B
LPX:
$5.06B
FLEX:
$2.59
LPX:
$1.17
FLEX:
43.96
LPX:
61.83
FLEX:
1.46
LPX:
1.98
FLEX:
7.74
LPX:
2.93
FLEX:
$29.27B
LPX:
$2.56B
FLEX:
$2.78B
LPX:
$507.00M
FLEX:
$1.90B
LPX:
$247.00M
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Return for Risk
FLEX vs. LPX — Risk / Return Rank
FLEX
LPX
FLEX vs. LPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Louisiana-Pacific Corporation (LPX). 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 | LPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.96 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | -0.56 | +4.09 |
| Martin ratioReturn relative to average drawdown | 12.54 | -0.90 | +13.44 |
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Drawdowns
FLEX vs. LPX - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, roughly equal to the maximum LPX drawdown of -96.41%. Use the drawdown chart below to compare losses from any high point for FLEX and LPX.
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Drawdown Indicators
| FLEX | LPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -96.41% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -36.43% | -33.83% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -43.14% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | -43.14% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | -59.45% | -10.57% |
Current DrawdownCurrent decline from peak | -29.81% | -38.55% | +8.74% |
Average DrawdownAverage peak-to-trough decline | -55.11% | -37.85% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 20.80% | -10.54% |
Volatility
FLEX vs. LPX - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 22.79% compared to Louisiana-Pacific Corporation (LPX) at 13.05%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than LPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | LPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.79% | 13.05% | +9.74% |
Volatility (6M)Calculated over the trailing 6-month period | 56.97% | 31.94% | +25.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.81% | 42.77% | +24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.71% | 40.11% | +8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.60% | 40.99% | +5.61% |
Dividends
FLEX vs. LPX - Dividend Comparison
FLEX has not paid dividends to shareholders, while LPX's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LPX Louisiana-Pacific Corporation | 1.60% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% |
Financials
FLEX vs. LPX - Financials Comparison
This section allows you to compare key financial metrics between Flex Ltd. and Louisiana-Pacific Corporation. 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. LPX - Profitability Comparison
FLEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Flex Ltd. reported a gross profit of 747.00M and revenue of 7.93B. Therefore, the gross margin over that period was 9.4%.
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
FLEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Flex Ltd. reported an operating income of 392.00M and revenue of 7.93B, resulting in an operating margin of 4.9%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
FLEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Flex Ltd. reported a net income of 285.00M and revenue of 7.93B, resulting in a net margin of 3.6%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
Frequently Asked Questions
FLEX and LPX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLEX has higher volatility (22.79%) compared to LPX (13.05%). In terms of maximum drawdown, FLEX dropped -96.37% vs LPX's -96.41%.
FLEX currently has the higher Sharpe Ratio (1.93 vs -0.44), 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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