FWONA vs. IYW

Last updated Apr 2, 2026

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.

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.

FWONA vs. IYW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWONA Formula One Group	-12.34%	6.35%	44.95%	13.34%	-9.96%	56.20%	-13.23%	47.31%	-9.17%	4.37%
IYW iShares U.S. Technology ETF	-7.61%	25.38%	30.25%	65.44%	-34.83%	35.44%	47.45%	46.64%	-0.93%	36.60%

Returns By Period

In the year-to-date period, FWONA achieves a -12.34% return, which is significantly lower than IYW's -7.61% return. Over the past 10 years, FWONA has underperformed IYW with an annualized return of 7.76%, while IYW has yielded a comparatively higher 21.74% annualized return.

FWONA

• 1D: 0.35%
• 1M: -6.65%
• YTD: -12.34%
• 6M: -16.37%
• 1Y: -2.23%
• 3Y*: 6.63%
• 5Y*: 16.17%
• 10Y*: 7.76%

IYW

• 1D: 1.65%
• 1M: -3.50%
• YTD: -7.61%
• 6M: -6.42%
• 1Y: 30.19%
• 3Y*: 26.02%
• 5Y*: 15.85%
• 10Y*: 21.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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: 33
FWONA Sharpe Ratio Rank: 36
FWONA Sortino Ratio Rank: 30
FWONA Omega Ratio Rank: 30
FWONA Calmar Ratio Rank: 36
FWONA Martin Ratio Rank: 35

IYW

IYW Risk / Return Rank: 63
IYW Sharpe Ratio Rank: 62
IYW Sortino Ratio Rank: 66
IYW Omega Ratio Rank: 64
IYW Calmar Ratio Rank: 67
IYW Martin Ratio Rank: 56

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.

	FWONA	IYW	Difference
Sharpe ratio Return per unit of total volatility	-0.09	1.13	-1.22
Sortino ratio Return per unit of downside risk	0.05	1.73	-1.67
Omega ratio Gain probability vs. loss probability	1.01	1.24	-0.24
Calmar ratio Return relative to maximum drawdown	-0.15	1.77	-1.92
Martin ratio Return relative to average drawdown	-0.33	5.68	-6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWONA vs. IYW - Sharpe Ratio Comparison

The current FWONA Sharpe Ratio is -0.09, which is lower than the IYW Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FWONA and IYW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FWONA	IYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.13	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.62	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.87	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.30	-0.28

Correlation

The correlation between FWONA and IYW is 0.40, 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.

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 0.15%.

	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	0.15%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%

Drawdowns

FWONA vs. IYW - Drawdown Comparison

The maximum FWONA drawdown since its inception was -85.05%, roughly equal to the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for FWONA and IYW.

Drawdown Indicators

	FWONA	IYW	Difference
Max Drawdown Largest peak-to-trough decline	-85.05%	-81.90%	-3.15%
Max Drawdown (1Y) Largest decline over 1 year	-24.99%	-17.81%	-7.18%
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	-31.44%	-12.65%	-18.79%
Average Drawdown Average peak-to-trough decline	-53.44%	-34.87%	-18.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.65%	5.55%	+6.10%

Volatility

FWONA vs. IYW - Volatility Comparison

Formula One Group (FWONA) and iShares U.S. Technology ETF (IYW) have volatilities of 8.27% and 8.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWONA	IYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	8.23%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	16.86%	15.99%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	25.31%	26.92%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	25.78%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.28%	24.98%	+11.30%