FWONK vs. IWM

Last updated Apr 2, 2026

Compare and contrast key facts about Formula One Group (FWONK) and iShares Russell 2000 ETF (IWM).

IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.

Performance

FWONK vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Formula One Group (FWONK) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

FWONK vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWONK Formula One Group	-13.35%	6.31%	46.78%	7.40%	-5.47%	48.45%	-7.32%	49.72%	-10.13%	9.03%
IWM iShares Russell 2000 ETF	1.56%	12.66%	11.38%	16.83%	-20.48%	14.54%	20.03%	25.39%	-11.12%	14.58%

Returns By Period

In the year-to-date period, FWONK achieves a -13.35% return, which is significantly lower than IWM's 1.56% return. Over the past 10 years, FWONK has underperformed IWM with an annualized return of 8.52%, while IWM has yielded a comparatively higher 9.83% annualized return.

FWONK

• 1D: 0.40%
• 1M: -6.29%
• YTD: -13.35%
• 6M: -16.71%
• 1Y: -3.97%
• 3Y*: 5.08%
• 5Y*: 14.65%
• 10Y*: 8.52%

IWM

• 1D: 0.63%
• 1M: -5.23%
• YTD: 1.56%
• 6M: 3.44%
• 1Y: 26.43%
• 3Y*: 13.18%
• 5Y*: 3.47%
• 10Y*: 9.83%

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

Return for Risk

FWONK vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWONK

FWONK Risk / Return Rank: 31
FWONK Sharpe Ratio Rank: 33
FWONK Sortino Ratio Rank: 28
FWONK Omega Ratio Rank: 28
FWONK Calmar Ratio Rank: 34
FWONK Martin Ratio Rank: 33

IWM

IWM Risk / Return Rank: 65
IWM Sharpe Ratio Rank: 63
IWM Sortino Ratio Rank: 65
IWM Omega Ratio Rank: 56
IWM Calmar Ratio Rank: 72
IWM Martin Ratio Rank: 68

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.

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.

	FWONK	IWM	Difference
Sharpe ratio Return per unit of total volatility	-0.16	1.15	-1.30
Sortino ratio Return per unit of downside risk	-0.05	1.70	-1.75
Omega ratio Gain probability vs. loss probability	0.99	1.22	-0.22
Calmar ratio Return relative to maximum drawdown	-0.21	1.93	-2.13
Martin ratio Return relative to average drawdown	-0.45	7.08	-7.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWONK vs. IWM - Sharpe Ratio Comparison

The current FWONK Sharpe Ratio is -0.16, which is lower than the IWM Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of FWONK and IWM, 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

	FWONK	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	1.15	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.15	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.43	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.34	-0.10

Correlation

The correlation between FWONK and IWM is 0.46, 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

FWONK vs. IWM - Dividend Comparison

FWONK has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 1.02%.

	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	1.02%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

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.

Drawdown Indicators

	FWONK	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-57.74%	-59.05%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-24.84%	-13.74%	-11.10%
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 Drawdown Current decline from peak	-21.20%	-7.33%	-13.87%
Average Drawdown Average peak-to-trough decline	-12.58%	-10.83%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	3.73%	+7.72%

Volatility

FWONK vs. IWM - Volatility Comparison

Formula One Group (FWONK) has a higher volatility of 9.39% compared to iShares Russell 2000 ETF (IWM) at 7.36%. This indicates that FWONK's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWONK	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	7.36%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	17.78%	14.48%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	25.13%	23.18%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.79%	22.54%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.79%	22.99%	+13.80%