FIAC vs. SCWO

Last updated Jun 24, 2026

FIAC (Focus Impact Acquisition Corp.) and SCWO (374Water Inc. Common Stock) are both stocks. FIAC operates in Shell Companies (Financial Services), while SCWO operates in Pollution & Treatment Controls (Industrials). At a 0.10 correlation, their price movements are largely independent.

Performance

FIAC vs. SCWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Focus Impact Acquisition Corp. (FIAC) and 374Water Inc. Common Stock (SCWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIAC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCWO

• 1D: -0.94%
• 1M: -13.17%
• YTD: 3.43%
• 6M: -8.34%
• 1Y: -45.90%
• 3Y*: -57.30%
• 5Y*: -38.76%
• 10Y*: 0.29%

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

FIAC vs. SCWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIAC Focus Impact Acquisition Corp.	0.00%	0.00%	-81.54%	6.97%	3.14%	1.23%
SCWO 374Water Inc. Common Stock	3.43%	-70.11%	-51.93%	-50.35%	0.35%	20.76%

Correlation

The correlation between FIAC and SCWO is 0.10, 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 (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Dec 23, 2021	0.10

Fundamentals

EPS FIAC : -$1.26 SCWO : $0.19
PS Ratio FIAC : 552.51 SCWO : 0.00
Total Revenue (TTM) FIAC : $19.03K SCWO : $215.04B
Gross Profit (TTM) FIAC : $6.16K SCWO : -$2.35T
EBITDA (TTM) FIAC : -$7.52M SCWO : -$20.98T

Return for Risk

FIAC vs. SCWO — Risk / Return Rank

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

FIAC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCWO

SCWO Risk / Return Rank: 33
SCWO Sharpe Ratio Rank: 30
SCWO Sortino Ratio Rank: 45
SCWO Omega Ratio Rank: 44
SCWO Calmar Ratio Rank: 20
SCWO Martin Ratio Rank: 25

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.

FIAC vs. SCWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Focus Impact Acquisition Corp. (FIAC) and 374Water Inc. Common Stock (SCWO). 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.

	FIAC	SCWO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.29	—
Sortino ratio: Return per unit of downside risk	—	0.53	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	-0.61	—
Martin ratio: Return relative to average drawdown	—	-0.86	—

Drawdowns

Drawdown Indicators

	FIAC	SCWO	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.05%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-74.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-93.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.45%	—
Current Drawdown Current decline from peak	—	-95.73%	—
Average Drawdown Average peak-to-trough decline	—	-56.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.14%	—

Volatility

Volatility by Period

	FIAC	SCWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	157.40%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	108.15%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	188.73%	—

Dividends

FIAC vs. SCWO - Dividend Comparison

Neither FIAC nor SCWO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FIAC and SCWO in my portfolio?

FIAC and SCWO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.