ULTA vs. FLOW.AS

Last updated Jun 13, 2026

ULTA (Ulta Beauty, Inc.) and FLOW.AS (Flow Traders BV) are both stocks. ULTA operates in Specialty Retail (Consumer Cyclical), while FLOW.AS operates in Capital Markets (Financial Services). Over the past 10 years, ULTA returned 7.00%/yr vs 5.22%/yr for FLOW.AS. At a 0.00 correlation, their price movements are largely independent.

Performance

ULTA vs. FLOW.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ulta Beauty, Inc. (ULTA) and Flow Traders BV (FLOW.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ULTA is traded in USD, while FLOW.AS is traded in EUR. To make them comparable, the FLOW.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ULTA achieves a -22.69% return, which is significantly lower than FLOW.AS's 3.18% return. Over the past 10 years, ULTA has outperformed FLOW.AS with an annualized return of 7.00%, while FLOW.AS has yielded a comparatively lower 5.22% annualized return.

ULTA

• 1D: -1.82%
• 1M: -6.13%
• YTD: -22.69%
• 6M: -22.25%
• 1Y: 1.87%
• 3Y*: 1.77%
• 5Y*: 6.68%
• 10Y*: 7.00%

FLOW.AS

• 1D: 2.94%
• 1M: -10.41%
• YTD: 3.18%
• 6M: 8.68%
• 1Y: -9.18%
• 3Y*: 10.48%
• 5Y*: -4.58%
• 10Y*: 5.22%

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

ULTA vs. FLOW.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULTA Ulta Beauty, Inc.	-22.69%	39.11%	-11.24%	4.46%	13.76%	43.59%	13.44%	3.39%	9.47%	-12.27%
FLOW.AS Flow Traders BV	3.18%	32.16%	13.51%	-9.98%	-34.02%	22.11%	58.08%	-20.03%	41.38%	-27.57%

Correlation

The correlation between ULTA and FLOW.AS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 10, 2015	0.00

Return for Risk

ULTA vs. FLOW.AS — Risk / Return Rank

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

ULTA

ULTA Risk / Return Rank: 42
ULTA Sharpe Ratio Rank: 44
ULTA Sortino Ratio Rank: 38
ULTA Omega Ratio Rank: 39
ULTA Calmar Ratio Rank: 43
ULTA Martin Ratio Rank: 43

FLOW.AS

FLOW.AS Risk / Return Rank: 28
FLOW.AS Sharpe Ratio Rank: 29
FLOW.AS Sortino Ratio Rank: 27
FLOW.AS Omega Ratio Rank: 26
FLOW.AS Calmar Ratio Rank: 31
FLOW.AS Martin Ratio Rank: 31

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.

ULTA vs. FLOW.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ulta Beauty, Inc. (ULTA) and Flow Traders BV (FLOW.AS). 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.

	ULTA	FLOW.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.32	+0.35
Sortino ratio: Return per unit of downside risk	0.29	-0.23	+0.52
Omega ratio: Gain probability vs. loss probability	1.04	0.96	+0.07
Calmar ratio: Return relative to maximum drawdown	0.03	-0.38	+0.41
Martin ratio: Return relative to average drawdown	0.08	-0.71	+0.79

ULTA vs. FLOW.AS - Sharpe Ratio Comparison

The current ULTA Sharpe Ratio is 0.03, which is higher than the FLOW.AS Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of ULTA and FLOW.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ULTA vs. FLOW.AS - Drawdown Comparison

The maximum ULTA drawdown since its inception was -87.89%, which is greater than FLOW.AS's maximum drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for ULTA and FLOW.AS.

Drawdown Indicators

	ULTA	FLOW.AS	Difference
Max Drawdown Largest peak-to-trough decline	-87.89%	-58.79%	-29.10%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-24.07%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-44.56%	-29.36%	-15.20%
Max Drawdown (5Y) Largest decline over 5 years	-44.56%	-58.21%	+13.65%
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	-58.79%	-6.13%
Current Drawdown Current decline from peak	-33.82%	-22.86%	-10.96%
Average Drawdown Average peak-to-trough decline	-20.81%	-30.68%	+9.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.13%	12.71%	+1.42%

Volatility

ULTA vs. FLOW.AS - Volatility Comparison

The current volatility for Ulta Beauty, Inc. (ULTA) is 9.69%, while Flow Traders BV (FLOW.AS) has a volatility of 16.08%. This indicates that ULTA experiences smaller price fluctuations and is considered to be less risky than FLOW.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULTA	FLOW.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	16.08%	-6.39%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	22.22%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	33.39%	28.66%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.26%	32.61%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.32%	32.78%	+5.54%

Dividends

ULTA vs. FLOW.AS - Dividend Comparison

Neither ULTA nor FLOW.AS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLOW.AS Flow Traders BV	0.00%	0.00%	0.70%	6.12%	4.85%	10.87%	16.81%	6.27%	6.11%	5.00%	4.73%	1.10%
ULTA Ulta Beauty, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ULTA and FLOW.AS in my portfolio?

ULTA and FLOW.AS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.