FWONA vs. GOOGL
FWONA (Formula One Group) and GOOGL (Alphabet Inc. Class A) are both stocks. Both are in the Communication Services sector — FWONA in Broadcasting, GOOGL in Internet Content & Information. Over the past 10 years, FWONA returned 16.78%/yr vs 26.10%/yr for GOOGL. At a 0.33 correlation, their price movements are largely independent.
Performance
FWONA vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, FWONA achieves a -7.55% return, which is significantly lower than GOOGL's 10.46% return. Over the past 10 years, FWONA has underperformed GOOGL with an annualized return of 16.78%, while GOOGL has yielded a comparatively higher 26.10% annualized return.
FWONA
- 1D
- 0.33%
- 1M
- 0.88%
- YTD
- -7.55%
- 6M
- -6.32%
- 1Y
- -12.86%
- 3Y*
- 8.46%
- 5Y*
- 14.70%
- 10Y*
- 16.78%
GOOGL
- 1D
- -0.24%
- 1M
- -9.79%
- YTD
- 10.46%
- 6M
- 10.08%
- 1Y
- 107.64%
- 3Y*
- 41.74%
- 5Y*
- 23.25%
- 10Y*
- 26.10%
FWONA vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | -7.55% | 6.35% | 44.95% | 13.34% | -9.96% | 56.20% | -13.23% | 47.31% | -9.17% | 4.37% |
GOOGL Alphabet Inc. Class A | 10.46% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between FWONA and GOOGL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2013 | 0.33 |
The correlation between FWONA and GOOGL shifts across timeframes, from 0.18 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FWONA:
$4.43
GOOGL:
$13.11
FWONA:
18.64
GOOGL:
26.33
FWONA:
0.53
GOOGL:
1.30
FWONA:
3.29
GOOGL:
9.98
FWONA:
$4.75B
GOOGL:
$422.57B
FWONA:
$1.57B
GOOGL:
$255.12B
FWONA:
$1.37B
GOOGL:
$174.08B
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Return for Risk
FWONA vs. GOOGL — Risk / Return Rank
FWONA
GOOGL
FWONA vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONA) and Alphabet Inc. Class A (GOOGL). 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.
| FWONA | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -5.53 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.59 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 5.31 | -5.83 |
| Martin ratioReturn relative to average drawdown | -0.92 | 18.11 | -19.03 |
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Drawdowns
FWONA vs. GOOGL - Drawdown Comparison
The maximum FWONA drawdown since its inception was -60.76%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for FWONA and GOOGL.
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Drawdown Indicators
| FWONA | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.76% | -65.29% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.99% | -20.37% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.71% | -29.81% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -44.32% | +18.61% |
Max Drawdown (10Y)Largest decline over 10 years | -60.76% | -44.32% | -16.44% |
Current DrawdownCurrent decline from peak | -16.81% | -14.19% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -13.01% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 5.96% | +8.10% |
Volatility
FWONA vs. GOOGL - Volatility Comparison
The current volatility for Formula One Group (FWONA) is 7.32%, while Alphabet Inc. Class A (GOOGL) has a volatility of 9.48%. This indicates that FWONA experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWONA | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 9.48% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 21.28% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.40% | 29.64% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.02% | 31.47% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.48% | 29.16% | +3.32% |
Dividends
FWONA vs. GOOGL - Dividend Comparison
FWONA has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FWONA Formula One Group | 0.00% | 0.00% | 0.00% |
GOOGL Alphabet Inc. Class A | 0.25% | 0.27% | 0.32% |
Financials
FWONA vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Formula One Group and Alphabet Inc. Class A. 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. GOOGL - 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%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
FWONA and GOOGL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (9.48%) compared to FWONA (7.32%). In terms of maximum drawdown, FWONA dropped -60.76% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.65 vs -0.55), 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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