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 -31.23%/yr vs 16.77%/yr for SOL-USD. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
FWDI vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FWDI achieves a -39.03% return, which is significantly higher than SOL-USD's -42.11% return.
FWDI
- 1D
- -2.07%
- 1M
- -16.22%
- 6M
- -37.90%
- YTD
- -39.03%
- 1Y
- -66.80%
- 3Y*
- -22.95%
- 5Y*
- -31.23%
- 10Y*
- -12.32%
- ALL TIME*
- -5.02%
SOL-USD
- 1D
- -1.03%
- 1M
- -10.65%
- 6M
- -31.68%
- YTD
- -42.11%
- 1Y
- -55.71%
- 3Y*
- 46.02%
- 5Y*
- 16.77%
- 10Y*
- —
- ALL TIME*
- 102.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72M | $4.44M | $5.53M | |
SOL-USD Solana | $111.25B | $132.69B | $228.16B |
FWDI vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FWDI Forward Industries, Inc | -39.03% | 33.54% | -32.14% | -31.93% | -31.31% | -14.29% | 65.45% |
SOL-USD Solana | -42.11% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
Correlation
The correlation between FWDI and SOL-USD is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.15 |
Over the past year, FWDI and SOL-USD have become more correlated (0.47) than their long-term average of 0.15, 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.
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.
| FWDI | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.89 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.74 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.05 | +0.16 |
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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 | -90.92% | -74.89% | -16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -90.92% | -76.28% | -14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -90.92% | -96.27% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -93.24% | — | — |
Current DrawdownCurrent decline from peak | -98.60% | -72.50% | -26.10% |
Average DrawdownAverage peak-to-trough decline | -82.31% | -51.85% | -30.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.16% | 38.27% | +36.89% |
Volatility
FWDI vs. SOL-USD - Volatility Comparison
Forward Industries, Inc (FWDI) has a higher volatility of 24.75% compared to Solana (SOL-USD) at 9.92%. 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 | 24.75% | 9.92% | +14.83% |
Volatility (6M)Calculated over the trailing 6-month period | 64.87% | 45.04% | +19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.08% | 58.42% | +64.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.83% | 80.67% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.32% | 98.93% | -8.61% |
Frequently Asked Questions
FWDI and SOL-USD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWDI has higher volatility (24.75%) compared to SOL-USD (9.92%). In terms of maximum drawdown, FWDI dropped -98.85% vs SOL-USD's -96.27%.
FWDI currently has the higher Sharpe Ratio (-0.55 vs -0.79), 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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