FWONA vs. FWONK
FWONA (Formula One Group) and FWONK (Formula One Group) are both stocks. Both operate in the Broadcasting industry within the Communication Services sector. Over the past 10 years, FWONA returned 15.21%/yr vs 16.08%/yr for FWONK. With a 0.96 correlation, they move nearly in lockstep.
Performance
FWONA vs. FWONK - Performance Comparison
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Returns By Period
In the year-to-date period, FWONA achieves a -11.43% return, which is significantly higher than FWONK's -12.73% return. Over the past 10 years, FWONA has underperformed FWONK with an annualized return of 15.21%, while FWONK has yielded a comparatively higher 16.08% annualized return.
FWONA
- 1D
- -0.71%
- 1M
- -1.43%
- YTD
- -11.43%
- 6M
- -7.69%
- 1Y
- -10.68%
- 3Y*
- 8.11%
- 5Y*
- 15.70%
- 10Y*
- 15.21%
FWONK
- 1D
- -1.05%
- 1M
- -1.64%
- YTD
- -12.73%
- 6M
- -7.83%
- 1Y
- -11.78%
- 3Y*
- 6.23%
- 5Y*
- 14.71%
- 10Y*
- 16.08%
FWONA vs. FWONK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | -11.43% | 6.35% | 44.95% | 13.34% | -9.96% | 56.20% | -13.23% | 47.31% | -9.17% | 4.37% |
FWONK Formula One Group | -12.73% | 6.31% | 46.78% | 7.40% | -5.47% | 48.45% | -7.32% | 49.72% | -10.13% | 9.03% |
Correlation
The correlation between FWONA and FWONK is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2014 | 0.96 |
The correlation between FWONA and FWONK has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
Fundamentals
FWONA:
$4.43
FWONK:
$3.23
FWONA:
17.85
FWONK:
26.63
FWONA:
0.51
FWONK:
0.47
FWONA:
3.15
FWONK:
3.41
FWONA:
$4.75B
FWONK:
$4.75B
FWONA:
$1.57B
FWONK:
$1.29B
FWONA:
$1.37B
FWONK:
$1.29B
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Return for Risk
FWONA vs. FWONK — Risk / Return Rank
FWONA
FWONK
FWONA vs. FWONK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONA) and Formula One Group (FWONK). 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.
| FWONA | FWONK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.94 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.48 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.88 | +0.09 |
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
| FWONA | FWONK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.46 | -0.49 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.55 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.49 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.24 | +0.04 |
Drawdowns
FWONA vs. FWONK - Drawdown Comparison
The maximum FWONA drawdown since its inception was -60.76%, which is greater than FWONK's maximum drawdown of -57.74%. Use the drawdown chart below to compare losses from any high point for FWONA and FWONK.
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Drawdown Indicators
| FWONA | FWONK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.76% | -57.74% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -24.99% | -24.84% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.71% | -24.84% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -24.84% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -60.76% | -57.74% | -3.02% |
Current DrawdownCurrent decline from peak | -20.31% | -20.64% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -12.66% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 13.42% | +0.09% |
Volatility
FWONA vs. FWONK - Volatility Comparison
The current volatility for Formula One Group (FWONA) is 8.46%, while Formula One Group (FWONK) has a volatility of 8.95%. This indicates that FWONA experiences smaller price fluctuations and is considered to be less risky than FWONK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWONA | FWONK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 8.95% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 18.79% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 24.13% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 26.93% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.50% | 32.88% | -0.38% |
Dividends
FWONA vs. FWONK - Dividend Comparison
Neither FWONA nor FWONK has paid dividends to shareholders.
Financials
FWONA vs. FWONK - Financials Comparison
This section allows you to compare key financial metrics between Formula One Group and Formula One Group. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FWONA vs. FWONK - Profitability Comparison
FWONA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a gross profit of 298.00M and revenue of 711.00M. Therefore, the gross margin over that period was 41.9%.
FWONK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a gross profit of 298.00M and revenue of 711.00M. Therefore, the gross margin over that period was 41.9%.
FWONA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported an operating income of 64.00M and revenue of 711.00M, resulting in an operating margin of 9.0%.
FWONK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported an operating income of 64.00M and revenue of 711.00M, resulting in an operating margin of 9.0%.
FWONA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a net income of 57.00M and revenue of 711.00M, resulting in a net margin of 8.0%.
FWONK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Formula One Group reported a net income of 57.00M and revenue of 711.00M, resulting in a net margin of 8.0%.
Frequently Asked Questions
With a correlation of 0.97, FWONA and FWONK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FWONK has higher volatility (8.95%) compared to FWONA (8.46%). In terms of maximum drawdown, FWONA dropped -60.76% vs FWONK's -57.74%.
FWONA currently has the higher Sharpe Ratio (-0.46 vs -0.49), 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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