FWONA vs. IYW
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 15.21%/yr vs 26.00%/yr for IYW. At a 0.40 correlation, their price movements are largely independent.
Performance
FWONA vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FWONA achieves a -11.43% return, which is significantly lower than IYW's 28.46% return. Over the past 10 years, FWONA has underperformed IYW with an annualized return of 15.21%, while IYW has yielded a comparatively higher 26.00% 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%
IYW
- 1D
- -0.44%
- 1M
- 13.87%
- YTD
- 28.46%
- 6M
- 27.22%
- 1Y
- 58.25%
- 3Y*
- 35.17%
- 5Y*
- 22.76%
- 10Y*
- 26.00%
FWONA vs. IYW - 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% |
IYW iShares U.S. Technology ETF | 28.46% | 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 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | 0.40 |
Over the past year, the correlation between FWONA and IYW has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FWONA vs. IYW — Risk / Return Rank
FWONA
IYW
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.
| FWONA | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.29 | -3.72 |
| Martin ratioReturn relative to average drawdown | -0.79 | 10.76 | -11.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FWONA | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.46 | 2.92 | -3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.88 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 1.04 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.35 | -0.07 |
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.
Loading charts...
Drawdown Indicators
| FWONA | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -20.31% | -1.35% | -18.96% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -34.65% | +20.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.51% | 5.43% | +8.08% |
Volatility
FWONA vs. IYW - Volatility Comparison
Formula One Group (FWONA) has a higher volatility of 8.46% compared to iShares U.S. Technology ETF (IYW) at 6.28%. This indicates that FWONA's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FWONA | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 6.28% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 15.84% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 20.07% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 25.86% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.50% | 25.09% | +7.41% |
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%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWONA has higher volatility (8.46%) compared to IYW (6.28%). In terms of maximum drawdown, FWONA dropped -60.76% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.92 vs -0.46), 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.
Find the right allocation for FWONA and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer