SCWO vs. FIAC

Last updated Jun 23, 2026

SCWO (374Water Inc. Common Stock) and FIAC (Focus Impact Acquisition Corp.) are both stocks. SCWO operates in Pollution & Treatment Controls (Industrials), while FIAC operates in Shell Companies (Financial Services). At a 0.10 correlation, their price movements are largely independent.

Performance

SCWO vs. FIAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 374Water Inc. Common Stock (SCWO) and Focus Impact Acquisition Corp. (FIAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCWO

• 1D: -5.33%
• 1M: -12.35%
• YTD: 4.41%
• 6M: -10.58%
• 1Y: -40.30%
• 3Y*: -57.16%
• 5Y*: -37.02%
• 10Y*: 0.38%

FIAC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCWO vs. FIAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCWO 374Water Inc. Common Stock	4.41%	-70.11%	-51.93%	-50.35%	0.35%	20.76%
FIAC Focus Impact Acquisition Corp.	0.00%	0.00%	-81.54%	6.97%	3.14%	1.23%

Correlation

The correlation between SCWO and FIAC is 0.10, 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 (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Dec 23, 2021	0.10

Fundamentals

EPS SCWO : $0.19 FIAC : -$1.26
PS Ratio SCWO : 0.00 FIAC : 552.51
Total Revenue (TTM) SCWO : $215.04B FIAC : $19.03K
Gross Profit (TTM) SCWO : -$2.35T FIAC : $6.16K
EBITDA (TTM) SCWO : -$20.98T FIAC : -$7.52M

Return for Risk

SCWO vs. FIAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCWO

SCWO Risk / Return Rank: 35
SCWO Sharpe Ratio Rank: 31
SCWO Sortino Ratio Rank: 47
SCWO Omega Ratio Rank: 46
SCWO Calmar Ratio Rank: 23
SCWO Martin Ratio Rank: 28

FIAC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCWO vs. FIAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 374Water Inc. Common Stock (SCWO) and Focus Impact Acquisition Corp. (FIAC). 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.

	SCWO	FIAC	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	—	—
Sortino ratio: Return per unit of downside risk	0.64	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	-0.54	—	—
Martin ratio: Return relative to average drawdown	-0.76	—	—

Drawdowns

Drawdown Indicators

	SCWO	FIAC	Difference
Max Drawdown Largest peak-to-trough decline	-99.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-74.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-93.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.45%	—	—
Current Drawdown Current decline from peak	-95.69%	—	—
Average Drawdown Average peak-to-trough decline	-56.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	52.95%	—	—

Volatility

Volatility by Period

	SCWO	FIAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	77.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	157.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.73%	—	—

Dividends

SCWO vs. FIAC - Dividend Comparison

Neither SCWO nor FIAC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SCWO and FIAC in my portfolio?

SCWO and FIAC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.