Correlation
The correlation between FWONK and VOO is 0.49, 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.
FWONK vs. VOO
Compare and contrast key facts about Formula One Group (FWONK) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWONK or VOO.
Performance
FWONK vs. VOO - Performance Comparison
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Key characteristics
FWONK:
1.13
VOO:
0.74
FWONK:
1.73
VOO:
1.04
FWONK:
1.23
VOO:
1.15
FWONK:
1.37
VOO:
0.68
FWONK:
4.31
VOO:
2.58
FWONK:
7.78%
VOO:
4.93%
FWONK:
27.28%
VOO:
19.54%
FWONK:
-57.74%
VOO:
-33.99%
FWONK:
-5.55%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FWONK achieves a 4.18% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FWONK has outperformed VOO with an annualized return of 13.70%, while VOO has yielded a comparatively lower 12.81% annualized return.
FWONK
4.18%
8.86%
9.25%
30.71%
17.04%
23.58%
13.70%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
FWONK vs. VOO — Risk-Adjusted Performance Rank
FWONK
VOO
FWONK vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONK) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
FWONK vs. VOO - Dividend Comparison
FWONK has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FWONK Formula One Group | 0.00% | 0.00% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FWONK vs. VOO - Drawdown Comparison
The maximum FWONK drawdown since its inception was -57.74%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FWONK and VOO.
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Volatility
FWONK vs. VOO - Volatility Comparison
Formula One Group (FWONK) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.84% and 4.84%, 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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