FLEX vs. SVOL

Last updated Jun 4, 2026

FLEX (Flex Ltd.) is a stock, while SVOL (Simplify Volatility Premium ETF) is Volatility fund actively managed by Simplify. Over the past 5 years, FLEX returned 72.90%/yr vs 6.70%/yr for SVOL. At a 0.49 correlation, their price movements are largely independent.

Performance

FLEX vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flex Ltd. (FLEX) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLEX achieves a 168.02% return, which is significantly higher than SVOL's -0.40% 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%

SVOL

• 1D: -0.12%
• 1M: 2.98%
• YTD: -0.40%
• 6M: 1.29%
• 1Y: 10.62%
• 3Y*: 6.58%
• 5Y*: 6.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLEX vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLEX Flex Ltd.	168.02%	57.38%	127.87%	41.94%	17.08%	5.22%
SVOL Simplify Volatility Premium ETF	-0.40%	2.41%	6.77%	22.88%	-3.30%	12.25%

Correlation

The correlation between FLEX and SVOL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.49

Return for Risk

FLEX vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLEX

FLEX Risk / Return Rank: 98
FLEX Sharpe Ratio Rank: 98
FLEX Sortino Ratio Rank: 98
FLEX Omega Ratio Rank: 97
FLEX Calmar Ratio Rank: 99
FLEX Martin Ratio Rank: 98

SVOL

SVOL Risk / Return Rank: 18
SVOL Sharpe Ratio Rank: 16
SVOL Sortino Ratio Rank: 16
SVOL Omega Ratio Rank: 18
SVOL Calmar Ratio Rank: 19
SVOL Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLEX vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Simplify Volatility Premium ETF (SVOL). 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	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	4.59	0.51	+4.08
Sortino ratio: Return per unit of downside risk	5.09	0.85	+4.24
Omega ratio: Gain probability vs. loss probability	1.68	1.12	+0.56
Calmar ratio: Return relative to maximum drawdown	15.05	0.82	+14.23
Martin ratio: Return relative to average drawdown	36.21	1.94	+34.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLEX vs. SVOL - Sharpe Ratio Comparison

The current FLEX Sharpe Ratio is 4.59, which is higher than the SVOL Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FLEX and SVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLEX	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	0.51	+4.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.56	0.31	+1.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.35	-0.04

Drawdowns

FLEX vs. SVOL - Drawdown Comparison

The maximum FLEX drawdown since its inception was -96.37%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FLEX and SVOL.

Drawdown Indicators

	FLEX	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-96.37%	-33.50%	-62.87%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-13.01%	-5.37%
Max Drawdown (3Y) Largest decline over 3 years	-39.99%	-33.50%	-6.49%
Max Drawdown (5Y) Largest decline over 5 years	-39.99%	-33.50%	-6.49%
Max Drawdown (10Y) Largest decline over 10 years	-70.02%	—	—
Current Drawdown Current decline from peak	0.00%	-2.98%	+2.98%
Average Drawdown Average peak-to-trough decline	-55.26%	-4.77%	-50.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.63%	5.49%	+2.14%

Volatility

FLEX vs. SVOL - Volatility Comparison

Flex Ltd. (FLEX) has a higher volatility of 36.68% compared to Simplify Volatility Premium ETF (SVOL) at 1.41%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLEX	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.68%	1.41%	+35.27%
Volatility (6M) Calculated over the trailing 6-month period	49.96%	9.57%	+40.39%
Volatility (1Y) Calculated over the trailing 1-year period	60.25%	20.90%	+39.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.00%	21.99%	+25.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.72%	21.92%	+23.80%

Dividends

FLEX vs. SVOL - Dividend Comparison

FLEX has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 22.10%.

Position	TTM	2025	2024	2023	2022	2021
FLEX Flex Ltd.	0.00%	0.00%	21.00%	0.00%	0.00%	0.00%
SVOL Simplify Volatility Premium ETF	22.10%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both FLEX and SVOL in my portfolio?

FLEX and SVOL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLEX or SVOL?

FLEX has higher volatility (36.68%) compared to SVOL (1.41%). In terms of maximum drawdown, FLEX dropped -96.37% vs SVOL's -33.50%.

Which has better risk-adjusted returns?

FLEX currently has the higher Sharpe Ratio (4.59 vs 0.51), 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.