FWONK vs. SCHD

Last updated Jun 25, 2026

FWONK (Formula One Group) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, FWONK returned 17.61%/yr vs 12.62%/yr for SCHD. At a 0.38 correlation, their price movements are largely independent.

Performance

FWONK vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Formula One Group (FWONK) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWONK achieves a -8.61% return, which is significantly lower than SCHD's 16.62% return. Over the past 10 years, FWONK has outperformed SCHD with an annualized return of 17.61%, while SCHD has yielded a comparatively lower 12.62% annualized return.

FWONK

• 1D: 0.94%
• 1M: 1.66%
• YTD: -8.61%
• 6M: -7.02%
• 1Y: -14.25%
• 3Y*: 6.61%
• 5Y*: 13.36%
• 10Y*: 17.61%

SCHD

• 1D: -0.94%
• 1M: -3.38%
• YTD: 16.62%
• 6M: 15.65%
• 1Y: 23.21%
• 3Y*: 14.25%
• 5Y*: 8.36%
• 10Y*: 12.62%

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

FWONK vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWONK Formula One Group	-8.61%	6.31%	46.78%	7.40%	-5.47%	48.45%	-7.32%	49.72%	-10.13%	9.03%
SCHD Schwab U.S. Dividend Equity ETF	16.62%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between FWONK and SCHD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014	0.38

Over the past year, the correlation between FWONK and SCHD has dropped to 0.11 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

FWONK vs. SCHD — Risk / Return Rank

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

FWONK

FWONK Risk / Return Rank: 19
FWONK Sharpe Ratio Rank: 17
FWONK Sortino Ratio Rank: 16
FWONK Omega Ratio Rank: 18
FWONK Calmar Ratio Rank: 22
FWONK Martin Ratio Rank: 21

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 73
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 73

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONK) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	2.10	-2.69
Sortino ratio: Return per unit of downside risk	-0.75	3.20	-3.95
Omega ratio: Gain probability vs. loss probability	0.92	1.37	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.58	5.05	-5.63
Martin ratio: Return relative to average drawdown	-1.02	12.16	-13.18

FWONK vs. SCHD - Sharpe Ratio Comparison

The current FWONK Sharpe Ratio is -0.59, which is lower than the SCHD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FWONK and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FWONK vs. SCHD - Drawdown Comparison

The maximum FWONK drawdown since its inception was -57.74%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FWONK and SCHD.

Drawdown Indicators

	FWONK	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-57.74%	-33.37%	-24.37%
Max Drawdown (1Y) Largest decline over 1 year	-24.84%	-4.61%	-20.23%
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	-16.13%	-8.71%
Max Drawdown (5Y) Largest decline over 5 years	-24.84%	-16.85%	-7.99%
Max Drawdown (10Y) Largest decline over 10 years	-57.74%	-33.37%	-24.37%
Current Drawdown Current decline from peak	-16.89%	-3.38%	-13.51%
Average Drawdown Average peak-to-trough decline	-12.69%	-3.31%	-9.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.00%	1.92%	+12.08%

Volatility

FWONK vs. SCHD - Volatility Comparison

Formula One Group (FWONK) has a higher volatility of 6.83% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.13%. This indicates that FWONK's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWONK	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	3.13%	+3.70%
Volatility (6M) Calculated over the trailing 6-month period	18.80%	7.80%	+11.00%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	11.12%	+13.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	14.36%	+12.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.86%	16.71%	+16.15%

Dividends

FWONK vs. SCHD - Dividend Comparison

FWONK has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.33%.

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%
SCHD Schwab U.S. Dividend Equity ETF	3.33%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both FWONK and SCHD in my portfolio?

FWONK and SCHD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FWONK or SCHD?

FWONK has higher volatility (6.83%) compared to SCHD (3.13%). In terms of maximum drawdown, FWONK dropped -57.74% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.10 vs -0.59), 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.