Correlation
The correlation between FLS and SPY is 0.52, 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.
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.
Performance
FLS vs. SPY - Performance Comparison
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Key characteristics
FLS:
0.09
SPY:
0.70
FLS:
0.38
SPY:
1.02
FLS:
1.05
SPY:
1.15
FLS:
0.08
SPY:
0.68
FLS:
0.22
SPY:
2.57
FLS:
14.36%
SPY:
4.93%
FLS:
37.28%
SPY:
20.42%
FLS:
-77.36%
SPY:
-55.19%
FLS:
-24.35%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FLS achieves a -12.87% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, FLS has underperformed SPY with an annualized return of 0.95%, while SPY has yielded a comparatively higher 12.73% annualized return.
FLS
-12.87%
10.35%
-17.57%
3.33%
19.11%
16.43%
0.95%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
FLS vs. SPY — Risk-Adjusted Performance Rank
FLS
SPY
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.
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Dividends
FLS vs. SPY - Dividend Comparison
FLS's dividend yield for the trailing twelve months is around 1.68%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLS Flowserve Corporation | 1.68% | 1.46% | 1.94% | 2.61% | 2.61% | 2.17% | 1.91% | 2.00% | 1.35% | 1.58% | 1.71% | 1.07% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
FLS vs. SPY - Volatility Comparison
Flowserve Corporation (FLS) has a higher volatility of 9.41% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that FLS'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.
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