FWRG vs. VOO
FWRG (First Watch Restaurant Group, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, FWRG returned -9.21%/yr vs 20.91%/yr for VOO. At a 0.40 correlation, their price movements are largely independent.
Performance
FWRG vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, FWRG achieves a -19.10% return, which is significantly lower than VOO's 8.09% return.
FWRG
- 1D
- 0.99%
- 1M
- 5.72%
- YTD
- -19.10%
- 6M
- -22.74%
- 1Y
- -18.94%
- 3Y*
- -9.21%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 0.00%
- 1M
- -2.07%
- YTD
- 8.09%
- 6M
- 6.78%
- 1Y
- 22.17%
- 3Y*
- 20.91%
- 5Y*
- 13.02%
- 10Y*
- 15.82%
FWRG vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FWRG First Watch Restaurant Group, Inc. | -19.10% | -18.97% | -7.41% | 48.56% | -19.27% | -20.19% |
VOO Vanguard S&P 500 ETF | 8.09% | 17.82% | 24.98% | 26.32% | -18.17% | 11.10% |
Correlation
The correlation between FWRG and VOO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.40 |
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Return for Risk
FWRG vs. VOO — Risk / Return Rank
FWRG
VOO
FWRG vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Watch Restaurant Group, Inc. (FWRG) 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.
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.
| FWRG | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.50 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.77 | 11.08 | -11.85 |
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Drawdowns
FWRG vs. VOO - Drawdown Comparison
The maximum FWRG drawdown since its inception was -60.38%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FWRG and VOO.
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Drawdown Indicators
| FWRG | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -33.99% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -47.26% | -8.90% | -38.36% |
Max Drawdown (3Y)Largest decline over 3 years | -60.38% | -18.69% | -41.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -52.19% | -3.23% | -48.96% |
Average DrawdownAverage peak-to-trough decline | -29.22% | -3.68% | -25.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.57% | 2.01% | +22.56% |
Volatility
FWRG vs. VOO - Volatility Comparison
First Watch Restaurant Group, Inc. (FWRG) has a higher volatility of 18.33% compared to Vanguard S&P 500 ETF (VOO) at 4.75%. This indicates that FWRG's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRG | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.33% | 4.75% | +13.58% |
Volatility (6M)Calculated over the trailing 6-month period | 42.57% | 9.77% | +32.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.91% | 12.39% | +41.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.03% | 16.91% | +31.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.03% | 18.02% | +30.01% |
Dividends
FWRG vs. VOO - Dividend Comparison
FWRG has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRG First Watch Restaurant Group, 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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
FWRG and VOO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWRG has higher volatility (18.33%) compared to VOO (4.75%). In terms of maximum drawdown, FWRG dropped -60.38% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.80 vs -0.35), 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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