FWONK vs. QQQM
FWONK (Formula One Group) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, FWONK returned 16.51%/yr vs 15.34%/yr for QQQM. At a 0.39 correlation, their price movements are largely independent.
Performance
FWONK vs. QQQM - 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 QQQM's 15.22% 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%
QQQM
- 1D
- -1.65%
- 1M
- -3.18%
- 6M
- 13.83%
- YTD
- 15.22%
- 1Y
- 27.34%
- 3Y*
- 23.46%
- 5Y*
- 15.34%
- 10Y*
- —
FWONK vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FWONK Formula One Group | 1.25% | 6.31% | 46.78% | 7.40% | -5.47% | 48.45% | 13.12% |
QQQM Invesco NASDAQ 100 ETF | 15.22% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between FWONK and QQQM is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.39 |
Over the past year, the correlation between FWONK and QQQM has dropped to 0.15 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
FWONK vs. QQQM — Risk / Return Rank
FWONK
QQQM
FWONK vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONK) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.26 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.30 | -2.36 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.14 | -8.25 |
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Drawdowns
FWONK vs. QQQM - Drawdown Comparison
The maximum FWONK drawdown since its inception was -57.74%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for FWONK and QQQM.
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Drawdown Indicators
| FWONK | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.74% | -35.04% | -22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -24.84% | -11.96% | -12.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -22.70% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -35.04% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | -57.74% | — | — |
Current DrawdownCurrent decline from peak | -7.93% | -5.28% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -8.15% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 3.37% | +10.83% |
Volatility
FWONK vs. QQQM - Volatility Comparison
The current volatility for Formula One Group (FWONK) is 6.57%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 7.39%. This indicates that FWONK experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWONK | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 7.39% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 15.34% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.51% | 18.54% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.93% | 22.65% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 22.30% | +10.57% |
Dividends
FWONK vs. QQQM - Dividend Comparison
FWONK has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FWONK Formula One Group | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
FWONK and QQQM have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (7.39%) compared to FWONK (6.57%). In terms of maximum drawdown, FWONK dropped -57.74% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.48 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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