FLOW vs. USCF

Last updated Jun 4, 2026

FLOW (SPX FLOW, Inc.) is a stock, while USCF (Themes US Cash Flow Champions ETF) is Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index - Benchmark TR Gross. Over the past year, FLOW returned 29.06% vs 16.50% for USCF. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

FLOW vs. USCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPX FLOW, Inc. (FLOW) and Themes US Cash Flow Champions ETF (USCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLOW achieves a 9.51% return, which is significantly higher than USCF's 3.99% return.

FLOW

• 1D: -0.64%
• 1M: 5.94%
• YTD: 9.51%
• 6M: 10.60%
• 1Y: 29.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCF

• 1D: -0.16%
• 1M: 1.07%
• YTD: 3.99%
• 6M: 4.77%
• 1Y: 16.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLOW vs. USCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLOW SPX FLOW, Inc.	9.51%	17.52%	13.03%	2.80%
USCF Themes US Cash Flow Champions ETF	3.99%	15.71%	17.65%	2.14%

Correlation

The correlation between FLOW and USCF is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.78

The correlation between FLOW and USCF has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

FLOW vs. USCF — Risk / Return Rank

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

FLOW

FLOW Risk / Return Rank: 87
FLOW Sharpe Ratio Rank: 86
FLOW Sortino Ratio Rank: 86
FLOW Omega Ratio Rank: 83
FLOW Calmar Ratio Rank: 89
FLOW Martin Ratio Rank: 91

USCF

USCF Risk / Return Rank: 44
USCF Sharpe Ratio Rank: 36
USCF Sortino Ratio Rank: 34
USCF Omega Ratio Rank: 37
USCF Calmar Ratio Rank: 59
USCF Martin Ratio Rank: 52

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.

FLOW vs. USCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPX FLOW, Inc. (FLOW) and Themes US Cash Flow Champions ETF (USCF). 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.

	FLOW	USCF	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.29	+0.62
Sortino ratio: Return per unit of downside risk	2.84	1.83	+1.02
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	4.41	2.88	+1.53
Martin ratio: Return relative to average drawdown	12.85	8.69	+4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOW vs. USCF - Sharpe Ratio Comparison

The current FLOW Sharpe Ratio is 1.92, which is higher than the USCF Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FLOW and USCF, 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

	FLOW	USCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.29	+0.62
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	1.07	-0.04

Drawdowns

FLOW vs. USCF - Drawdown Comparison

The maximum FLOW drawdown since its inception was -21.64%, which is greater than USCF's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for FLOW and USCF.

Drawdown Indicators

	FLOW	USCF	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-16.67%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-5.75%	-0.86%
Current Drawdown Current decline from peak	-1.69%	-0.75%	-0.94%
Average Drawdown Average peak-to-trough decline	-3.13%	-2.23%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.90%	+0.37%

Volatility

FLOW vs. USCF - Volatility Comparison

SPX FLOW, Inc. (FLOW) has a higher volatility of 4.34% compared to Themes US Cash Flow Champions ETF (USCF) at 2.52%. This indicates that FLOW's price experiences larger fluctuations and is considered to be riskier than USCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOW	USCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	2.52%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	10.07%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	12.82%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	15.16%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	15.16%	+1.82%

Dividends

FLOW vs. USCF - Dividend Comparison

FLOW's dividend yield for the trailing twelve months is around 2.20%, more than USCF's 1.77% yield.

Position	TTM	2025	2024	2023
FLOW SPX FLOW, Inc.	2.20%	2.15%	2.10%	0.95%
USCF Themes US Cash Flow Champions ETF	1.77%	1.84%	1.19%	0.00%

Frequently Asked Questions

Can I hold both FLOW and USCF in my portfolio?

FLOW and USCF have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLOW or USCF?

FLOW has higher volatility (4.34%) compared to USCF (2.52%). In terms of maximum drawdown, FLOW dropped -21.64% vs USCF's -16.67%.

Which has better risk-adjusted returns?

FLOW currently has the higher Sharpe Ratio (1.92 vs 1.29), 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.