FLNG vs. IDVO
FLNG (FLEX LNG Ltd) is a stock, while IDVO (Amplify CWP International Enhanced Dividend Income ETF) is Derivative Income fund actively managed by Amplify. Over the past 3 years, FLNG returned 12.35%/yr vs 21.20%/yr for IDVO. At a 0.30 correlation, their price movements are largely independent.
Performance
FLNG vs. IDVO - Performance Comparison
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Returns By Period
In the year-to-date period, FLNG achieves a 32.16% return, which is significantly higher than IDVO's 13.48% return.
FLNG
- 1D
- 1.10%
- 1M
- 3.64%
- 6M
- 21.58%
- YTD
- 32.16%
- 1Y
- 58.10%
- 3Y*
- 12.35%
- 5Y*
- 32.64%
- 10Y*
- —
IDVO
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 5.53%
- YTD
- 13.48%
- 1Y
- 31.59%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
FLNG vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLNG FLEX LNG Ltd | 32.16% | 22.47% | -11.61% | -1.19% | 6.56% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 13.48% | 36.46% | 10.16% | 17.53% | 6.42% |
Correlation
The correlation between FLNG and IDVO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.30 |
Over the past year, the correlation between FLNG and IDVO has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
FLNG vs. IDVO — Risk / Return Rank
FLNG
IDVO
FLNG vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FLEX LNG Ltd (FLNG) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.
| FLNG | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 3.06 | +1.25 |
| Martin ratioReturn relative to average drawdown | 13.20 | 11.29 | +1.91 |
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Drawdowns
FLNG vs. IDVO - Drawdown Comparison
The maximum FLNG drawdown since its inception was -71.92%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for FLNG and IDVO.
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Drawdown Indicators
| FLNG | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.92% | -15.46% | -56.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -10.37% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -15.46% | -9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -31.05% | — | — |
Current DrawdownCurrent decline from peak | -3.60% | -1.81% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -2.30% | -16.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 2.80% | +1.61% |
Volatility
FLNG vs. IDVO - Volatility Comparison
FLEX LNG Ltd (FLNG) has a higher volatility of 10.72% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 3.53%. This indicates that FLNG's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLNG | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.72% | 3.53% | +7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.62% | 13.79% | +6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.66% | 16.40% | +10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.23% | 16.41% | +22.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.18% | 16.41% | +30.77% |
Dividends
FLNG vs. IDVO - Dividend Comparison
FLNG's dividend yield for the trailing twelve months is around 9.59%, more than IDVO's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FLNG FLEX LNG Ltd | 9.59% | 12.02% | 13.08% | 11.61% | 10.71% | 7.88% | 2.29% | 0.92% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.63% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLNG and IDVO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLNG has higher volatility (10.72%) compared to IDVO (3.53%). In terms of maximum drawdown, FLNG dropped -71.92% vs IDVO's -15.46%.
FLNG currently has the higher Sharpe Ratio (2.19 vs 1.94), 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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