FLS vs. SPY
Compare and contrast key facts about Flowserve Corporation (FLS) 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: FLS or SPY.
Key characteristics
| FLS | SPY | |
|---|---|---|
| YTD Return | 15.82% | 7.90% |
| 1Y Return | 40.73% | 28.03% |
| 3Y Return (Ann) | 6.79% | 8.75% |
| 5Y Return (Ann) | 0.53% | 13.52% |
| 10Y Return (Ann) | -2.51% | 12.62% |
| Sharpe Ratio | 1.62 | 2.33 |
| Daily Std Dev | 23.58% | 11.63% |
| Max Drawdown | -77.36% | -55.19% |
| Current Drawdown | -29.13% | -2.27% |
Correlation
The correlation between FLS and SPY is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLS vs. SPY - Performance Comparison
In the year-to-date period, FLS achieves a 15.82% return, which is significantly higher than SPY's 7.90% return. Over the past 10 years, FLS has underperformed SPY with an annualized return of -2.51%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FLS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Flowserve Corporation (FLS) 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
FLS vs. SPY - Dividend Comparison
FLS's dividend yield for the trailing twelve months is around 1.70%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLS Flowserve Corporation | 1.70% | 1.94% | 2.61% | 2.61% | 2.17% | 1.91% | 2.00% | 1.35% | 1.58% | 1.71% | 1.07% | 0.71% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLS vs. SPY - Drawdown Comparison
The maximum FLS drawdown since its inception was -77.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLS and SPY. For additional features, visit the drawdowns tool.
Volatility
FLS vs. SPY - Volatility Comparison
Flowserve Corporation (FLS) and SPDR S&P 500 ETF (SPY) have volatilities of 4.05% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.