WAGN vs. FWD
WAGN (Pabrai Wagons ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Both are actively managed. At a correlation of -0.62, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.65%/yr for FWD.
Performance
WAGN vs. FWD - Performance Comparison
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Returns By Period
WAGN
- 1D
- 1.54%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWD
- 1D
- -0.32%
- 1M
- -1.57%
- 6M
- 23.57%
- YTD
- 32.32%
- 1Y
- 55.31%
- 3Y*
- 35.51%
- 5Y*
- —
- 10Y*
- —
WAGN vs. FWD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WAGN Pabrai Wagons ETF | 0.22% |
FWD AB Disruptors ETF | -4.24% |
Correlation
The correlation between WAGN and FWD is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026 | -0.62 |
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Return for Risk
WAGN vs. FWD — Risk / Return Rank
WAGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FWD
WAGN vs. FWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) and AB Disruptors ETF (FWD). 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.
| WAGN | FWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.23 | — |
| Martin ratioReturn relative to average drawdown | — | 13.56 | — |
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Drawdowns
WAGN vs. FWD - Drawdown Comparison
The maximum WAGN drawdown since its inception was -1.30%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for WAGN and FWD.
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Drawdown Indicators
| WAGN | FWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.30% | -29.02% | +27.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.02% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.18% | +7.18% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -4.08% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.05% | — |
Volatility
WAGN vs. FWD - Volatility Comparison
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Volatility by Period
| WAGN | FWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 27.89% | -13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 25.67% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 25.67% | -11.70% |
WAGN vs. FWD - Expense Ratio Comparison
WAGN has a 0.90% expense ratio, which is higher than FWD's 0.65% expense ratio.
Dividends
WAGN vs. FWD - Dividend Comparison
WAGN has not paid dividends to shareholders, while FWD's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FWD AB Disruptors ETF | 0.09% | 0.11% | 1.89% |
WAGN Pabrai Wagons ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WAGN and FWD have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWD is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWD is cheaper with a 0.65% expense ratio, compared with 0.90% for WAGN.
FWD has the higher dividend yield at 0.09%, compared with 0.00% for WAGN.
They also come from different issuers: Pabrai and AllianceBernstein. Their fees differ too: 0.90% for WAGN and 0.65% for FWD.
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