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 17.29%/yr vs 10.82%/yr for IWM. At a 0.45 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 1.25% return, which is significantly lower than IWM's 20.58% return. Over the past 10 years, FWONK has outperformed IWM with an annualized return of 17.29%, while IWM has yielded a comparatively lower 10.82% annualized return.
FWONK
- 1D
- -0.26%
- 1M
- 11.28%
- 6M
- 10.21%
- YTD
- 1.25%
- 1Y
- -1.56%
- 3Y*
- 10.65%
- 5Y*
- 16.51%
- 10Y*
- 17.29%
IWM
- 1D
- -0.06%
- 1M
- 1.20%
- 6M
- 11.79%
- YTD
- 20.58%
- 1Y
- 35.13%
- 3Y*
- 16.52%
- 5Y*
- 7.91%
- 10Y*
- 10.82%
FWONK vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONK Formula One Group | 1.25% | 6.31% | 46.78% | 7.40% | -5.47% | 48.45% | -7.32% | 49.72% | -10.13% | 9.03% |
IWM iShares Russell 2000 ETF | 20.58% | 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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014 | 0.45 |
Over the past year, the correlation between FWONK and IWM has dropped to 0.18 - well below their long-term average of 0.45, 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 | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 3.20 | -3.26 |
| Martin ratioReturn relative to average drawdown | -0.11 | 11.30 | -11.41 |
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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 | -7.93% | -1.62% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -10.72% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 3.12% | +11.08% |
Volatility
FWONK vs. IWM - Volatility Comparison
Formula One Group (FWONK) has a higher volatility of 6.57% compared to iShares Russell 2000 ETF (IWM) at 3.72%. 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.
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Volatility by Period
| FWONK | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 3.72% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 14.17% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 19.39% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.93% | 22.54% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 23.00% | +9.87% |
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 0.90%.
| 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 | 0.90% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWONK has higher volatility (6.57%) compared to IWM (3.72%). In terms of maximum drawdown, FWONK dropped -57.74% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (1.82 vs -0.06), 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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