FWONA vs. IYW
Compare and contrast key facts about Formula One Group (FWONA) and iShares U.S. Technology ETF (IYW).
IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWONA or IYW.
Correlation
The correlation between FWONA and IYW is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FWONA vs. IYW - Performance Comparison
Key characteristics
FWONA:
2.10
IYW:
1.28
FWONA:
2.84
IYW:
1.75
FWONA:
1.36
IYW:
1.23
FWONA:
2.81
IYW:
1.73
FWONA:
10.12
IYW:
5.89
FWONA:
4.93%
IYW:
4.72%
FWONA:
23.73%
IYW:
21.76%
FWONA:
-60.76%
IYW:
-81.89%
FWONA:
-1.86%
IYW:
-5.76%
Returns By Period
In the year-to-date period, FWONA achieves a 0.64% return, which is significantly higher than IYW's -1.83% return. Over the past 10 years, FWONA has underperformed IYW with an annualized return of 13.76%, while IYW has yielded a comparatively higher 20.90% annualized return.
FWONA
0.64%
-1.36%
17.75%
47.04%
14.15%
13.76%
IYW
-1.83%
-4.64%
0.35%
27.46%
21.18%
20.90%
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Risk-Adjusted Performance
FWONA vs. IYW — Risk-Adjusted Performance Rank
FWONA
IYW
FWONA vs. IYW - Risk-Adjusted Performance 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.
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 0.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | 0.00% | 0.00% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.21% | 0.21% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% |
Drawdowns
FWONA vs. IYW - Drawdown Comparison
The maximum FWONA drawdown since its inception was -60.76%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for FWONA and IYW. For additional features, visit the drawdowns tool.
Volatility
FWONA vs. IYW - Volatility Comparison
The current volatility for Formula One Group (FWONA) is 4.98%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.23%. 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.