FWRD vs. SPY
Compare and contrast key facts about Forward Air Corporation (FWRD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWRD or SPY.
Correlation
The correlation between FWRD and SPY is 0.40, 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.
Performance
FWRD vs. SPY - Performance Comparison
Key characteristics
FWRD:
-0.34
SPY:
1.87
FWRD:
-0.04
SPY:
2.52
FWRD:
1.00
SPY:
1.35
FWRD:
-0.27
SPY:
2.81
FWRD:
-0.72
SPY:
11.69
FWRD:
33.33%
SPY:
2.02%
FWRD:
71.98%
SPY:
12.65%
FWRD:
-89.96%
SPY:
-55.19%
FWRD:
-74.47%
SPY:
0.00%
Returns By Period
In the year-to-date period, FWRD achieves a -3.44% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, FWRD has underperformed SPY with an annualized return of -4.39%, while SPY has yielded a comparatively higher 13.23% annualized return.
FWRD
-3.44%
-8.11%
1.73%
-23.84%
-13.10%
-4.39%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
FWRD vs. SPY — Risk-Adjusted Performance Rank
FWRD
SPY
FWRD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Forward Air Corporation (FWRD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FWRD vs. SPY - Dividend Comparison
FWRD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRD Forward Air Corporation | 0.00% | 0.00% | 1.53% | 0.92% | 0.69% | 0.98% | 1.03% | 1.15% | 1.04% | 1.08% | 1.12% | 0.95% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FWRD vs. SPY - Drawdown Comparison
The maximum FWRD drawdown since its inception was -89.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FWRD and SPY. For additional features, visit the drawdowns tool.
Volatility
FWRD vs. SPY - Volatility Comparison
Forward Air Corporation (FWRD) has a higher volatility of 10.62% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that FWRD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.