LPX vs. FLEX
LPX (Louisiana-Pacific Corporation) and FLEX (Flex Ltd.) are both stocks. LPX operates in Building Products & Equipment (Industrials), while FLEX operates in Electronic Components (Technology). Over the past 10 years, LPX returned 17.84%/yr vs 36.71%/yr for FLEX. At a 0.31 correlation, their price movements are largely independent.
Performance
LPX vs. FLEX - Performance Comparison
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Returns By Period
In the year-to-date period, LPX achieves a -5.47% return, which is significantly lower than FLEX's 157.88% return. Over the past 10 years, LPX has underperformed FLEX with an annualized return of 17.84%, while FLEX has yielded a comparatively higher 36.71% annualized return.
LPX
- 1D
- -2.35%
- 1M
- 7.42%
- YTD
- -5.47%
- 6M
- -7.40%
- 1Y
- -11.27%
- 3Y*
- 5.12%
- 5Y*
- 6.85%
- 10Y*
- 17.84%
FLEX
- 1D
- 5.56%
- 1M
- 17.62%
- YTD
- 157.88%
- 6M
- 144.29%
- 1Y
- 238.50%
- 3Y*
- 120.18%
- 5Y*
- 74.99%
- 10Y*
- 36.71%
LPX vs. FLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | -5.47% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
FLEX Flex Ltd. | 157.88% | 57.38% | 127.87% | 41.94% | 17.08% | 1.95% | 42.47% | 65.83% | -57.70% | 25.19% |
Correlation
The correlation between LPX and FLEX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1994 | 0.31 |
The correlation between LPX and FLEX shifts across timeframes, from 0.24 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LPX:
$5.30B
FLEX:
$58.27B
LPX:
$1.17
FLEX:
$2.33
LPX:
64.66
FLEX:
66.88
LPX:
2.07
FLEX:
2.11
LPX:
3.06
FLEX:
11.33
LPX:
$2.56B
FLEX:
$27.91B
LPX:
$507.00M
FLEX:
$2.57B
LPX:
$247.00M
FLEX:
$1.66B
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Return for Risk
LPX vs. FLEX — Risk / Return Rank
LPX
FLEX
LPX vs. FLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Louisiana-Pacific Corporation (LPX) and Flex Ltd. (FLEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LPX | FLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.16 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.59 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 13.06 | -13.40 |
| Martin ratioReturn relative to average drawdown | -0.59 | 30.58 | -31.17 |
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Drawdowns
LPX vs. FLEX - Drawdown Comparison
The maximum LPX drawdown since its inception was -96.41%, roughly equal to the maximum FLEX drawdown of -96.37%. Use the drawdown chart below to compare losses from any high point for LPX and FLEX.
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Drawdown Indicators
| LPX | FLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -96.37% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -33.83% | -18.38% | -15.45% |
Max Drawdown (3Y)Largest decline over 3 years | -43.14% | -39.99% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -39.99% | -3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -59.45% | -70.02% | +10.57% |
Current DrawdownCurrent decline from peak | -35.74% | -3.79% | -31.95% |
Average DrawdownAverage peak-to-trough decline | -37.86% | -55.24% | +17.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.03% | 7.84% | +11.19% |
Volatility
LPX vs. FLEX - Volatility Comparison
The current volatility for Louisiana-Pacific Corporation (LPX) is 10.32%, while Flex Ltd. (FLEX) has a volatility of 18.18%. This indicates that LPX experiences smaller price fluctuations and is considered to be less risky than FLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPX | FLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 18.18% | -7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 32.01% | 50.42% | -18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 61.82% | -20.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.95% | 47.33% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.89% | 45.93% | -5.04% |
Dividends
LPX vs. FLEX - Dividend Comparison
LPX's dividend yield for the trailing twelve months is around 1.53%, while FLEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LPX Louisiana-Pacific Corporation | 1.53% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% |
Financials
LPX vs. FLEX - Financials Comparison
This section allows you to compare key financial metrics between Louisiana-Pacific Corporation and Flex Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LPX vs. FLEX - Profitability Comparison
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
FLEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a gross profit of 702.00M and revenue of 7.48B. Therefore, the gross margin over that period was 9.4%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
FLEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported an operating income of 372.00M and revenue of 7.48B, resulting in an operating margin of 5.0%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
FLEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a net income of 250.00M and revenue of 7.48B, resulting in a net margin of 3.3%.
Frequently Asked Questions
LPX and FLEX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLEX has higher volatility (18.18%) compared to LPX (10.32%). In terms of maximum drawdown, LPX dropped -96.41% vs FLEX's -96.37%.
FLEX currently has the higher Sharpe Ratio (3.89 vs -0.27), 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.
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