FWRD vs. FWD
FWRD (Forward Air Corporation) is a stock, while FWD (AB Disruptors ETF) is Global Equities fund actively managed by AllianceBernstein. Over the past 3 years, FWRD returned -50.81%/yr vs 32.83%/yr for FWD. At a 0.25 correlation, their price movements are largely independent.
Performance
FWRD vs. FWD - Performance Comparison
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Returns By Period
In the year-to-date period, FWRD achieves a -48.80% return, which is significantly lower than FWD's 27.74% return.
FWRD
- 1D
- -4.33%
- 1M
- -3.98%
- 6M
- -53.35%
- YTD
- -48.80%
- 1Y
- -53.23%
- 3Y*
- -50.81%
- 5Y*
- -31.80%
- 10Y*
- -11.09%
FWD
- 1D
- -3.47%
- 1M
- -4.98%
- 6M
- 18.54%
- YTD
- 27.74%
- 1Y
- 49.93%
- 3Y*
- 32.83%
- 5Y*
- —
- 10Y*
- —
FWRD vs. FWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRD Forward Air Corporation | -48.80% | -22.48% | -48.70% | -39.16% |
FWD AB Disruptors ETF | 27.74% | 32.00% | 29.23% | 23.48% |
Correlation
The correlation between FWRD and FWD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023 | 0.25 |
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Return for Risk
FWRD vs. FWD — Risk / Return Rank
FWRD
FWD
FWRD vs. FWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forward Air Corporation (FWRD) and AB Disruptors ETF (FWD). 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.
| FWRD | FWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.85 | -4.57 |
| Martin ratioReturn relative to average drawdown | -1.45 | 12.20 | -13.65 |
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Drawdowns
FWRD vs. FWD - Drawdown Comparison
The maximum FWRD drawdown since its inception was -93.19%, which is greater than FWD's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for FWRD and FWD.
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Drawdown Indicators
| FWRD | FWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -29.02% | -64.17% |
Max Drawdown (1Y)Largest decline over 1 year | -74.25% | -13.03% | -61.22% |
Max Drawdown (3Y)Largest decline over 3 years | -93.02% | -29.02% | -64.00% |
Max Drawdown (5Y)Largest decline over 5 years | -93.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | — | — |
Current DrawdownCurrent decline from peak | -89.51% | -10.39% | -79.12% |
Average DrawdownAverage peak-to-trough decline | -27.01% | -4.09% | -22.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.78% | 4.10% | +32.68% |
Volatility
FWRD vs. FWD - Volatility Comparison
Forward Air Corporation (FWRD) has a higher volatility of 19.38% compared to AB Disruptors ETF (FWD) at 13.28%. This indicates that FWRD's price experiences larger fluctuations and is considered to be riskier than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRD | FWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 13.28% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 80.51% | 23.51% | +57.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.23% | 28.18% | +52.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.19% | 25.73% | +37.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.58% | 25.73% | +23.85% |
Dividends
FWRD vs. FWD - Dividend Comparison
FWRD has not paid dividends to shareholders, while FWD's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWD AB Disruptors ETF | 0.09% | 0.11% | 1.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FWRD Forward Air Corporation | 0.00% | 0.00% | 0.00% | 1.53% | 0.92% | 0.87% | 0.98% | 1.03% | 1.15% | 1.04% | 1.08% | 1.12% |
Frequently Asked Questions
FWRD and FWD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWRD has higher volatility (19.38%) compared to FWD (13.28%). In terms of maximum drawdown, FWRD dropped -93.19% vs FWD's -29.02%.
FWD currently has the higher Sharpe Ratio (1.78 vs -0.67), 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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