FWRG vs. VBIL
FWRG (First Watch Restaurant Group, Inc.) is a stock, while VBIL (Vanguard 0-3 Month Treasury Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Over the past year, FWRG returned -31.77% vs 3.93% for VBIL. At a 0.02 correlation, their price movements are largely independent.
Performance
FWRG vs. VBIL - Performance Comparison
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Returns By Period
In the year-to-date period, FWRG achieves a -32.49% return, which is significantly lower than VBIL's 1.52% return.
FWRG
- 1D
- -0.59%
- 1M
- -16.35%
- YTD
- -32.49%
- 6M
- -42.49%
- 1Y
- -31.77%
- 3Y*
- -17.64%
- 5Y*
- —
- 10Y*
- —
VBIL
- 1D
- 0.01%
- 1M
- 0.32%
- YTD
- 1.52%
- 6M
- 1.78%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRG vs. VBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWRG First Watch Restaurant Group, Inc. | -32.49% | -26.37% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.52% | 3.71% |
Correlation
The correlation between FWRG and VBIL is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | 0.02 |
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Return for Risk
FWRG vs. VBIL — Risk / Return Rank
FWRG
VBIL
FWRG vs. VBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Watch Restaurant Group, Inc. (FWRG) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.
| FWRG | VBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.75 | ||
| Sortino ratioReturn per unit of downside risk | -39.69 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 21.07 | -20.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 42.54 | -43.21 |
| Martin ratioReturn relative to average drawdown | -1.39 | 531.60 | -532.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWRG | VBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 15.14 | -15.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 13.47 | -13.79 |
Drawdowns
FWRG vs. VBIL - Drawdown Comparison
The maximum FWRG drawdown since its inception was -60.38%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for FWRG and VBIL.
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Drawdown Indicators
| FWRG | VBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -0.09% | -60.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.26% | -0.09% | -47.17% |
Max Drawdown (3Y)Largest decline over 3 years | -60.38% | — | — |
Current DrawdownCurrent decline from peak | -60.11% | 0.00% | -60.11% |
Average DrawdownAverage peak-to-trough decline | -28.96% | -0.00% | -28.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.83% | 0.01% | +22.82% |
Volatility
FWRG vs. VBIL - Volatility Comparison
First Watch Restaurant Group, Inc. (FWRG) has a higher volatility of 12.38% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.06%. This indicates that FWRG's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRG | VBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.38% | 0.06% | +12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 40.52% | 0.16% | +40.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.58% | 0.26% | +52.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.66% | 0.30% | +47.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.66% | 0.30% | +47.36% |
Dividends
FWRG vs. VBIL - Dividend Comparison
FWRG has not paid dividends to shareholders, while VBIL's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 |
|---|---|---|
FWRG First Watch Restaurant Group, Inc. | 0.00% | 0.00% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% |
Frequently Asked Questions
FWRG and VBIL have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWRG has higher volatility (12.38%) compared to VBIL (0.06%). In terms of maximum drawdown, FWRG dropped -60.38% vs VBIL's -0.09%.
VBIL currently has the higher Sharpe Ratio (15.14 vs -0.61), 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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