FLEX vs. SPHD
Compare and contrast key facts about Flex Ltd. (FLEX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLEX or SPHD.
Correlation
The correlation between FLEX and SPHD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLEX vs. SPHD - Performance Comparison
Key characteristics
FLEX:
0.75
SPHD:
0.67
FLEX:
1.19
SPHD:
1.08
FLEX:
1.16
SPHD:
1.15
FLEX:
0.80
SPHD:
0.80
FLEX:
2.53
SPHD:
2.71
FLEX:
12.67%
SPHD:
3.93%
FLEX:
45.82%
SPHD:
14.34%
FLEX:
-96.37%
SPHD:
-41.39%
FLEX:
-13.45%
SPHD:
-7.19%
Returns By Period
In the year-to-date period, FLEX achieves a 0.23% return, which is significantly higher than SPHD's -0.86% return. Over the past 10 years, FLEX has outperformed SPHD with an annualized return of 21.55%, while SPHD has yielded a comparatively lower 8.06% annualized return.
FLEX
0.23%
21.85%
-4.02%
34.03%
53.40%
21.55%
SPHD
-0.86%
2.16%
-4.50%
9.50%
12.47%
8.06%
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Risk-Adjusted Performance
FLEX vs. SPHD — Risk-Adjusted Performance Rank
FLEX
SPHD
FLEX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
FLEX has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 3.44%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 0.00% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.44% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
FLEX vs. SPHD - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FLEX and SPHD. For additional features, visit the drawdowns tool.
Volatility
FLEX vs. SPHD - Volatility Comparison
Flex Ltd. (FLEX) has a higher volatility of 13.21% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 5.09%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.