FWONK vs. IWM
FWONK (Formula One Group) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, FWONK returned 17.92%/yr vs 12.10%/yr for IWM. At a 0.46 correlation, their price movements are largely independent.
Performance
FWONK vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, FWONK achieves a -8.18% return, which is significantly lower than IWM's 21.93% return. Over the past 10 years, FWONK has outperformed IWM with an annualized return of 17.92%, while IWM has yielded a comparatively lower 12.10% annualized return.
FWONK
- 1D
- 0.47%
- 1M
- -1.05%
- YTD
- -8.18%
- 6M
- -6.59%
- 1Y
- -12.86%
- 3Y*
- 7.42%
- 5Y*
- 13.47%
- 10Y*
- 17.92%
IWM
- 1D
- 0.75%
- 1M
- 3.14%
- YTD
- 21.93%
- 6M
- 18.77%
- 1Y
- 42.48%
- 3Y*
- 19.66%
- 5Y*
- 6.49%
- 10Y*
- 12.10%
FWONK vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONK Formula One Group | -8.18% | 6.31% | 46.78% | 7.40% | -5.47% | 48.45% | -7.32% | 49.72% | -10.13% | 9.03% |
IWM iShares Russell 2000 ETF | 21.93% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between FWONK and IWM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014 | 0.46 |
Over the past year, the correlation between FWONK and IWM has dropped to 0.20 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
FWONK vs. IWM — Risk / Return Rank
FWONK
IWM
FWONK vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONK) and iShares Russell 2000 ETF (IWM). 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.
| FWONK | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.36 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.87 | -4.39 |
| Martin ratioReturn relative to average drawdown | -0.92 | 13.69 | -14.61 |
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Drawdowns
FWONK vs. IWM - Drawdown Comparison
The maximum FWONK drawdown since its inception was -57.74%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FWONK and IWM.
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Drawdown Indicators
| FWONK | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.74% | -59.05% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.84% | -11.03% | -13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -27.50% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -31.91% | +7.07% |
Max Drawdown (10Y)Largest decline over 10 years | -57.74% | -41.13% | -16.61% |
Current DrawdownCurrent decline from peak | -16.51% | 0.00% | -16.51% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -10.74% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.04% | 3.11% | +10.93% |
Volatility
FWONK vs. IWM - Volatility Comparison
Formula One Group (FWONK) and iShares Russell 2000 ETF (IWM) have volatilities of 6.03% and 6.31%, 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.
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Volatility by Period
| FWONK | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 6.31% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 14.28% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 19.69% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 22.60% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.85% | 23.06% | +9.79% |
Dividends
FWONK vs. IWM - Dividend Comparison
FWONK has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWONK 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% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
FWONK and IWM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.31%) compared to FWONK (6.03%). In terms of maximum drawdown, FWONK dropped -57.74% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (2.17 vs -0.54), 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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