FLNG vs. EIPI

Last updated Jun 5, 2026

FLNG (FLEX LNG Ltd) is a stock, while EIPI (FT Energy Income Partners Enhanced Income ETF) is Derivative Income fund actively managed by First Trust. Over the past year, FLNG returned 36.92% vs 23.89% for EIPI. At a 0.29 correlation, their price movements are largely independent.

Performance

FLNG vs. EIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FLEX LNG Ltd (FLNG) and FT Energy Income Partners Enhanced Income ETF (EIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLNG achieves a 25.06% return, which is significantly higher than EIPI's 15.54% return.

FLNG

• 1D: -0.37%
• 1M: -8.78%
• YTD: 25.06%
• 6M: 20.80%
• 1Y: 36.92%
• 3Y*: 10.93%
• 5Y*: 28.82%
• 10Y*: —

EIPI

• 1D: 0.86%
• 1M: -1.09%
• YTD: 15.54%
• 6M: 14.03%
• 1Y: 23.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLNG vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLNG FLEX LNG Ltd	25.06%	22.47%	-6.94%
EIPI FT Energy Income Partners Enhanced Income ETF	15.54%	12.38%	12.83%

Correlation

The correlation between FLNG and EIPI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 7, 2024	0.29

Return for Risk

FLNG vs. EIPI — Risk / Return Rank

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

FLNG

FLNG Risk / Return Rank: 80
FLNG Sharpe Ratio Rank: 81
FLNG Sortino Ratio Rank: 77
FLNG Omega Ratio Rank: 75
FLNG Calmar Ratio Rank: 85
FLNG Martin Ratio Rank: 85

EIPI

EIPI Risk / Return Rank: 83
EIPI Sharpe Ratio Rank: 79
EIPI Sortino Ratio Rank: 83
EIPI Omega Ratio Rank: 74
EIPI Calmar Ratio Rank: 92
EIPI Martin Ratio Rank: 86

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.

FLNG vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FLEX LNG Ltd (FLNG) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.

	FLNG	EIPI	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.53	-1.07
Sortino ratio: Return per unit of downside risk	2.11	3.69	-1.58
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.17
Calmar ratio: Return relative to maximum drawdown	3.36	6.00	-2.64
Martin ratio: Return relative to average drawdown	8.69	18.08	-9.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLNG vs. EIPI - Sharpe Ratio Comparison

The current FLNG Sharpe Ratio is 1.45, which is lower than the EIPI Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FLNG and EIPI, 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

	FLNG	EIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.53	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.55	-0.99

Drawdowns

FLNG vs. EIPI - Drawdown Comparison

The maximum FLNG drawdown since its inception was -71.92%, which is greater than EIPI's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for FLNG and EIPI.

Drawdown Indicators

	FLNG	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-71.92%	-12.33%	-59.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-4.00%	-7.05%
Max Drawdown (3Y) Largest decline over 3 years	-25.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.05%	—	—
Current Drawdown Current decline from peak	-8.78%	-1.78%	-7.00%
Average Drawdown Average peak-to-trough decline	-18.82%	-1.67%	-17.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	1.32%	+2.94%

Volatility

FLNG vs. EIPI - Volatility Comparison

FLEX LNG Ltd (FLNG) has a higher volatility of 7.18% compared to FT Energy Income Partners Enhanced Income ETF (EIPI) at 3.71%. This indicates that FLNG's price experiences larger fluctuations and is considered to be riskier than EIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLNG	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	3.71%	+3.47%
Volatility (6M) Calculated over the trailing 6-month period	18.44%	7.26%	+11.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.58%	9.58%	+16.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.21%	13.08%	+26.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.37%	13.08%	+34.29%

Dividends

FLNG vs. EIPI - Dividend Comparison

FLNG's dividend yield for the trailing twelve months is around 12.66%, more than EIPI's 6.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EIPI FT Energy Income Partners Enhanced Income ETF	6.72%	9.71%	6.31%	0.00%	0.00%	0.00%	0.00%	0.00%
FLNG FLEX LNG Ltd	12.66%	12.02%	13.08%	11.61%	10.71%	7.88%	2.29%	0.92%

Frequently Asked Questions

Can I hold both FLNG and EIPI in my portfolio?

FLNG and EIPI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLNG or EIPI?

FLNG has higher volatility (7.18%) compared to EIPI (3.71%). In terms of maximum drawdown, FLNG dropped -71.92% vs EIPI's -12.33%.

Which has better risk-adjusted returns?

EIPI currently has the higher Sharpe Ratio (2.53 vs 1.45), 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.