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FWONA vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FWONA vs. IYW

Last updated Jun 25, 2026

FWONA (Formula One Group) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, FWONA returned 16.78%/yr vs 25.87%/yr for IYW. At a 0.40 correlation, their price movements are largely independent.

Performance

FWONA vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Formula One Group (FWONA) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FWONA achieves a -7.55% return, which is significantly lower than IYW's 21.37% return. Over the past 10 years, FWONA has underperformed IYW with an annualized return of 16.78%, while IYW has yielded a comparatively higher 25.87% 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%

IYW

1D
-0.48%
1M
0.20%
YTD
21.37%
6M
19.55%
1Y
43.82%
3Y*
31.88%
5Y*
20.23%
10Y*
25.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FWONA vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FWONA
Formula One Group		-7.55%6.35%44.95%13.34%-9.96%56.20%-13.23%47.31%-9.17%4.37%
IYW
iShares U.S. Technology ETF		21.37%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between FWONA and IYW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2013

0.40

Over the past year, the correlation between FWONA and IYW has dropped to 0.12 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Formula One Group

iShares U.S. Technology ETF

Often compared with FWONA:
FWONA vs. FWONKFWONA vs. VOOFWONA vs. MELIFWONA vs. AMZNFWONA vs. SPYFWONA vs. GOOGLFWONA vs. MSFT
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. SOXXIYW vs. IWF

Return for Risk

FWONA vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FWONA
FWONA Risk / Return Rank: 2121
Overall Rank
FWONA Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
FWONA Sortino Ratio Rank: 1818
Sortino Ratio Rank
FWONA Omega Ratio Rank: 1919
Omega Ratio Rank
FWONA Calmar Ratio Rank: 2525
Calmar Ratio Rank
FWONA Martin Ratio Rank: 2424
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 5959
Overall Rank
IYW Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 6060
Sortino Ratio Rank
IYW Omega Ratio Rank: 6262
Omega Ratio Rank
IYW Calmar Ratio Rank: 5656
Calmar Ratio Rank
IYW Martin Ratio Rank: 5050
Martin Ratio Rank
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.

FWONA vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONA) and iShares U.S. Technology ETF (IYW). 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.

FWONAIYWDifference
Sharpe ratioReturn per unit of total volatility
-0.55
1.98

-2.53

Sortino ratioReturn per unit of downside risk
-0.68
2.53

-3.21

Omega ratioGain probability vs. loss probability

0.93

1.34

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.52

2.47

-2.99

Martin ratioReturn relative to average drawdown

-0.92

7.86

-8.78

FWONA vs. IYW - Sharpe Ratio Comparison

The current FWONA Sharpe Ratio is -0.55, which is lower than the IYW Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of FWONA and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FWONA vs. IYW - Drawdown Comparison

The maximum FWONA drawdown since its inception was -60.76%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for FWONA and IYW.

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Drawdown Indicators

FWONAIYWDifference

Max Drawdown

Largest peak-to-trough decline

-60.76%

-81.90%

+21.14%

Max Drawdown (1Y)

Largest decline over 1 year

-24.99%

-17.81%

-7.18%

Max Drawdown (3Y)

Largest decline over 3 years

-25.71%

-26.47%

+0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-25.71%

-39.44%

+13.73%

Max Drawdown (10Y)

Largest decline over 10 years

-60.76%

-39.44%

-21.32%

Current Drawdown

Current decline from peak

-16.81%

-6.80%

-10.01%

Average Drawdown

Average peak-to-trough decline

-14.13%

-34.59%

+20.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.06%

5.59%

+8.47%

Volatility

FWONA vs. IYW - Volatility Comparison

The current volatility for Formula One Group (FWONA) is 7.32%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.14%. This indicates that FWONA experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FWONAIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.32%

11.14%

-3.82%

Volatility (6M)

Calculated over the trailing 6-month period

18.01%

18.38%

-0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

23.40%

22.33%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.02%

26.24%

+0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.48%

25.25%

+7.23%

Dividends

FWONA vs. IYW - Dividend Comparison

FWONA has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.

PositionTTM20252024202320222021202020192018201720162015
FWONA
Formula One Group		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IYW
iShares U.S. Technology ETF		0.11%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%

Frequently Asked Questions

FWONA and IYW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYW has higher volatility (11.14%) compared to FWONA (7.32%). In terms of maximum drawdown, FWONA dropped -60.76% vs IYW's -81.90%.

IYW currently has the higher Sharpe Ratio (1.98 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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