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 0.30, 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:
0.25
SPY:
1.97
FLNG:
0.53
SPY:
2.64
FLNG:
1.06
SPY:
1.36
FLNG:
0.21
SPY:
2.97
FLNG:
0.72
SPY:
12.34
FLNG:
8.72%
SPY:
2.03%
FLNG:
25.48%
SPY:
12.68%
FLNG:
-71.92%
SPY:
-55.19%
FLNG:
-17.74%
SPY:
-0.01%
Returns By Period
In the year-to-date period, FLNG achieves a 8.28% return, which is significantly higher than SPY's 4.03% return.
FLNG
8.28%
-1.00%
-3.68%
3.74%
39.75%
N/A
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 12.08%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNG FLEX LNG Ltd | 12.08% | 13.08% | 11.61% | 10.71% | 7.88% | 2.27% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 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 -71.92%, 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 6.87% compared to SPDR S&P 500 ETF (SPY) at 3.15%. 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.