FWRD vs. IDR
FWRD (Forward Air Corporation) and IDR (Idaho Strategic Resources, Inc.) are both stocks. FWRD operates in Integrated Freight & Logistics (Industrials), while IDR operates in Gold (Basic Materials). Over the past 10 years, FWRD returned -11.09%/yr vs 33.84%/yr for IDR. At a 0.03 correlation, their price movements are largely independent.
Performance
FWRD vs. IDR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FWRD achieves a -48.80% return, which is significantly lower than IDR's -26.33% return. Over the past 10 years, FWRD has underperformed IDR with an annualized return of -11.09%, while IDR has yielded a comparatively higher 33.84% annualized 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%
IDR
- 1D
- -3.48%
- 1M
- -18.41%
- 6M
- -33.88%
- YTD
- -26.33%
- 1Y
- 77.15%
- 3Y*
- 73.24%
- 5Y*
- 43.96%
- 10Y*
- 33.84%
FWRD vs. IDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWRD Forward Air Corporation | -48.80% | -22.48% | -48.70% | -39.34% | -12.56% | 59.42% | 11.27% | 29.00% | -3.49% | 22.67% |
IDR Idaho Strategic Resources, Inc. | -26.33% | 295.49% | 60.95% | 11.07% | -23.39% | 102.06% | 93.38% | -15.00% | 5.26% | 26.67% |
Correlation
The correlation between FWRD and IDR is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.03 |
The correlation between FWRD and IDR shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FWRD:
$404.80M
IDR:
$469.39M
FWRD:
-$4.43
IDR:
$1.41
FWRD:
0.11
IDR:
9.09
FWRD:
$2.46B
IDR:
$49.61M
FWRD:
$568.61M
IDR:
$23.05M
FWRD:
$107.29M
IDR:
$24.61M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FWRD vs. IDR — Risk / Return Rank
FWRD
IDR
FWRD vs. IDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forward Air Corporation (FWRD) and Idaho Strategic Resources, Inc. (IDR). 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 | IDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.19 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.55 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.45 | 3.04 | -4.49 |
Loading charts...
Drawdowns
FWRD vs. IDR - Drawdown Comparison
The maximum FWRD drawdown since its inception was -93.19%, roughly equal to the maximum IDR drawdown of -93.44%. Use the drawdown chart below to compare losses from any high point for FWRD and IDR.
Loading charts...
Drawdown Indicators
| FWRD | IDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -93.44% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -74.25% | -49.96% | -24.29% |
Max Drawdown (3Y)Largest decline over 3 years | -93.02% | -49.96% | -43.06% |
Max Drawdown (5Y)Largest decline over 5 years | -93.19% | -62.42% | -30.77% |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | -62.42% | -30.77% |
Current DrawdownCurrent decline from peak | -89.51% | -43.62% | -45.89% |
Average DrawdownAverage peak-to-trough decline | -27.01% | -47.21% | +20.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.78% | 25.42% | +11.36% |
Volatility
FWRD vs. IDR - Volatility Comparison
Forward Air Corporation (FWRD) and Idaho Strategic Resources, Inc. (IDR) have volatilities of 19.38% and 19.46%, 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.
Loading charts...
Volatility by Period
| FWRD | IDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 19.46% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 80.51% | 61.02% | +19.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.23% | 87.64% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.19% | 73.10% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.58% | 85.77% | -36.19% |
Dividends
FWRD vs. IDR - Dividend Comparison
Neither FWRD nor IDR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDR Idaho Strategic Resources, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FWRD vs. IDR - Financials Comparison
This section allows you to compare key financial metrics between Forward Air Corporation and Idaho Strategic Resources, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FWRD vs. IDR - Profitability Comparison
FWRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Forward Air Corporation reported a gross profit of 132.98M and revenue of 582.05M. Therefore, the gross margin over that period was 22.9%.
IDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a gross profit of 8.18M and revenue of 14.48M. Therefore, the gross margin over that period was 56.5%.
FWRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Forward Air Corporation reported an operating income of 20.44M and revenue of 582.05M, resulting in an operating margin of 3.5%.
IDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported an operating income of 7.58M and revenue of 14.48M, resulting in an operating margin of 52.4%.
FWRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Forward Air Corporation reported a net income of -34.32M and revenue of 582.05M, resulting in a net margin of -5.9%.
IDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Idaho Strategic Resources, Inc. reported a net income of 6.39M and revenue of 14.48M, resulting in a net margin of 44.1%.
Frequently Asked Questions
FWRD and IDR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDR has higher volatility (19.46%) compared to FWRD (19.38%). In terms of maximum drawdown, FWRD dropped -93.19% vs IDR's -93.44%.
IDR currently has the higher Sharpe Ratio (0.89 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.
Find the right allocation for FWRD and IDR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer