FWDI vs. SOL-USD
FWDI (Forward Industries, Inc) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, FWDI returned -31.90%/yr vs 11.49%/yr for SOL-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
FWDI vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FWDI achieves a -39.94% return, which is significantly higher than SOL-USD's -45.21% return.
FWDI
- 1D
- -5.92%
- 1M
- -16.42%
- YTD
- -39.94%
- 6M
- -53.89%
- 1Y
- -35.86%
- 3Y*
- -26.75%
- 5Y*
- -31.90%
- 10Y*
- -10.98%
SOL-USD
- 1D
- -4.67%
- 1M
- -20.97%
- YTD
- -45.21%
- 6M
- -50.97%
- 1Y
- -55.53%
- 3Y*
- 50.45%
- 5Y*
- 11.49%
- 10Y*
- —
FWDI vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FWDI Forward Industries, Inc | -39.94% | 33.54% | -32.14% | -31.93% | -31.31% | -14.29% | 65.45% |
SOL-USD Solana | -45.21% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 58.87% |
Correlation
The correlation between FWDI and SOL-USD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.14 |
Over the past year, FWDI and SOL-USD have become more correlated (0.39) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
FWDI vs. SOL-USD — Risk / Return Rank
FWDI
SOL-USD
FWDI vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forward Industries, Inc (FWDI) and Solana (SOL-USD). 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.
| FWDI | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.90 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.77 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.54 | -1.23 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWDI | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | -0.77 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.12 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.83 | -0.88 |
Drawdowns
FWDI vs. SOL-USD - Drawdown Comparison
The maximum FWDI drawdown since its inception was -98.85%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for FWDI and SOL-USD.
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Drawdown Indicators
| FWDI | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.85% | -96.27% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -89.82% | -72.46% | -17.36% |
Max Drawdown (3Y)Largest decline over 3 years | -89.82% | -73.98% | -15.84% |
Max Drawdown (5Y)Largest decline over 5 years | -89.82% | -96.27% | +6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -93.24% | — | — |
Current DrawdownCurrent decline from peak | -98.62% | -73.98% | -24.64% |
Average DrawdownAverage peak-to-trough decline | -82.24% | -51.35% | -30.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.49% | 51.73% | +14.76% |
Volatility
FWDI vs. SOL-USD - Volatility Comparison
Forward Industries, Inc (FWDI) has a higher volatility of 25.63% compared to Solana (SOL-USD) at 15.03%. This indicates that FWDI's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWDI | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.63% | 15.03% | +10.60% |
Volatility (6M)Calculated over the trailing 6-month period | 59.93% | 45.60% | +14.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.05% | 59.86% | +61.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.88% | 82.59% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.47% | 99.85% | -9.38% |
Frequently Asked Questions
FWDI and SOL-USD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWDI has higher volatility (25.63%) compared to SOL-USD (15.03%). In terms of maximum drawdown, FWDI dropped -98.85% vs SOL-USD's -96.27%.
FWDI currently has the higher Sharpe Ratio (-0.30 vs -0.77), 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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