FLNG vs. SPY
Compare and contrast key facts about FLEX LNG Ltd (FLNG) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLNG or SPY.
Correlation
The correlation between FLNG and SPY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLNG vs. SPY - Performance Comparison
Key characteristics
FLNG:
-0.59
SPY:
2.17
FLNG:
-0.68
SPY:
2.88
FLNG:
0.92
SPY:
1.40
FLNG:
-0.47
SPY:
3.26
FLNG:
-1.26
SPY:
14.09
FLNG:
12.07%
SPY:
1.95%
FLNG:
25.91%
SPY:
12.64%
FLNG:
-71.94%
SPY:
-55.19%
FLNG:
-21.63%
SPY:
-2.83%
Returns By Period
In the year-to-date period, FLNG achieves a 6.28% return, which is significantly higher than SPY's 0.44% return.
FLNG
6.28%
11.17%
-5.06%
-14.03%
30.15%
N/A
SPY
0.44%
-2.83%
6.59%
25.62%
14.26%
13.15%
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Risk-Adjusted Performance
FLNG vs. SPY — Risk-Adjusted Performance Rank
FLNG
SPY
FLNG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FLEX LNG Ltd (FLNG) and SPDR S&P 500 ETF (SPY). 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
FLNG vs. SPY - Dividend Comparison
FLNG's dividend yield for the trailing twelve months is around 9.23%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNG FLEX LNG Ltd | 9.23% | 9.81% | 11.61% | 10.71% | 7.88% | 2.29% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLNG vs. SPY - Drawdown Comparison
The maximum FLNG drawdown since its inception was -71.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLNG and SPY. For additional features, visit the drawdowns tool.
Volatility
FLNG vs. SPY - Volatility Comparison
FLEX LNG Ltd (FLNG) has a higher volatility of 10.56% compared to SPDR S&P 500 ETF (SPY) at 4.49%. This indicates that FLNG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.