FLEX vs SPY

Comparison between Flex Ltd (FLEX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceFLEX has outperformed SPY, delivering a return of +68.3% compared to +13.3%

FLEX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLEX(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$37B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	96.37%	56.47%
Sharpe Ratio	2.47	2.07
5Y Beta	1.80	1.00
Industry	Electronic Components	N/A
P/E Ratio	44.44	28.24
Forward P/E	36.63	21.85
PEG Ratio	0.94	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	29.11%	25.79%
Debt to Equity	86.60%	22.35%
Free Cash Flow Yield	3.11%	N/A
P/S Ratio	1.85	3.55
P/B Ratio	9.63	5.29

Market Cap / Net Assets

FLEX

$37B

Winner

SPY

$652B

Expense Ratio

FLEX

N/A

SPY

0.09%

Max Drawdown

FLEX

96.37%

Winner

SPY

56.47%

Sharpe Ratio

Winner

FLEX

2.47

SPY

2.07

5Y Beta

FLEX

1.80

Winner

SPY

1.00

Industry

FLEX

Electronic Components

SPY

N/A

P/E Ratio

FLEX

44.44

Winner

SPY

28.24

Forward P/E

FLEX

36.63

Winner

SPY

21.85

PEG Ratio

FLEX

0.94

SPY

N/A

5Y Dividends CAGR

FLEX

N/A

SPY

5.43%

5Y EPS CAGR

Winner

FLEX

29.11%

SPY

25.79%

Debt to Equity

FLEX

86.60%

Winner

SPY

22.35%

Free Cash Flow Yield

FLEX

3.11%

SPY

N/A

P/S Ratio

Winner

FLEX

1.85

SPY

3.55

P/B Ratio

FLEX

9.63

Winner

SPY

5.29

FLEX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	FLEX	SPY
1 month	+94.25%	+9.11%
3 months	+115.18%	+6.59%
6 months	+126.96%	+10.56%
1 year	+269.08%	+32.04%
5 years(CAGR)	+68.31%	+13.35%
10 years(CAGR)	+35.52%	+15.49%
Max(CAGR)	+10.55%	+8.50%

Winner

FLEX

+94.25%

SPY

+9.11%

Winner

FLEX

+115.18%

SPY

+6.59%

Winner

FLEX

+126.96%

SPY

+10.56%

Winner

FLEX

+269.08%

SPY

+32.04%

5Y(CAGR)

Winner

FLEX

+68.31%

SPY

+13.35%

10Y(CAGR)

Winner

FLEX

+35.52%

SPY

+15.49%

Max(CAGR)

Winner

FLEX

+10.55%

SPY

+8.50%

FLEX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLEX	SPY
2026	+123.26%	+8.27%
2025	+56.45%	+18.00%
2024	+125.22%	+25.59%
2023	+41.28%	+26.72%
2022	+15.50%	-18.64%
2021	+2.52%	+30.52%
2020	+40.69%	+17.28%
2019	+59.95%	+31.09%
2018	-58.26%	-5.24%
2017	+24.93%	+20.78%
2016	+29.40%	+13.59%
2015	+0.99%	+1.31%
2014	+45.01%	+14.56%
2013	+21.79%	+29.00%
2012	+6.52%	+14.17%
2011	-29.60%	+0.85%
2010	+6.66%	+13.14%
2009	+158.31%	+22.67%
2008	-78.03%	-36.25%
2007	+5.88%	+5.32%
2006	+10.17%	+13.85%
2005	-22.67%	+5.32%
2004	-8.17%	+10.75%
2003	+61.75%	+24.18%
2002	-67.23%	-22.42%
2001	-0.58%	-10.13%
2000	+25.97%	-8.84%
1999	+29.87%	+8.61%

FLEX vs SPY Drawdown Comparison

The maximum drawdown for FLEX was -96.37%, occurring on Nov 20, 2008. Recovery took 5887 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	FLEX	SPY
#1	-96.37% Sep 6, 2000 - Feb 1, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-40.73% Mar 28, 2000 - Jul 13, 2000	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-39.99% Jan 22, 2025 - Jun 17, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-18.38% Dec 10, 2025 - Apr 8, 2026	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-17.54% Oct 29, 2025 - Dec 8, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-17.36% Jul 17, 2000 - Sep 5, 2000	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-16.81% May 30, 2024 - Sep 26, 2024	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.85% Mar 10, 2000 - Mar 24, 2000	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-14.24% Jan 24, 2000 - Feb 9, 2000	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-14.03% Mar 6, 2024 - May 22, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-12.50% Feb 9, 2000 - Feb 23, 2000	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-11.78% Dec 13, 1999 - Jan 14, 2000	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-9.44% Nov 22, 2024 - Jan 15, 2025	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.92% Jul 23, 2025 - Aug 28, 2025	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-7.53% Nov 8, 2024 - Nov 21, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FLEX and SPY is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (1999 - 2026)

FLEX vs SPY dividend yield comparison.

Year	FLEX	SPY
2026	0.00%	0.24%
2025	0.00%	1.07%
2024	21.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%