WWD vs. FZROX

Last updated Apr 1, 2026

Compare and contrast key facts about Woodward, Inc. (WWD) and Fidelity ZERO Total Market Index Fund (FZROX).

FZROX is managed by Fidelity.

Performance

WWD vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Woodward, Inc. (WWD) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

WWD vs. FZROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WWD Woodward, Inc.	18.49%	82.58%	23.01%	41.97%	-11.09%	-9.43%	3.18%	60.42%	-5.80%
FZROX Fidelity ZERO Total Market Index Fund	-6.77%	17.23%	23.94%	26.20%	-19.21%	26.00%	20.51%	31.15%	-12.72%

Returns By Period

In the year-to-date period, WWD achieves a 18.49% return, which is significantly higher than FZROX's -6.77% return.

WWD

• 1D: 4.80%
• 1M: -7.46%
• YTD: 18.49%
• 6M: 41.90%
• 1Y: 96.99%
• 3Y*: 55.23%
• 5Y*: 24.56%
• 10Y*: 21.97%

FZROX

• 1D: -0.45%
• 1M: -7.71%
• YTD: -6.77%
• 6M: -4.49%
• 1Y: 14.82%
• 3Y*: 16.81%
• 5Y*: 10.36%
• 10Y*: —

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

Return for Risk

WWD vs. FZROX — Risk / Return Rank

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

WWD

WWD Risk / Return Rank: 95
WWD Sharpe Ratio Rank: 95
WWD Sortino Ratio Rank: 95
WWD Omega Ratio Rank: 94
WWD Calmar Ratio Rank: 95
WWD Martin Ratio Rank: 96

FZROX

FZROX Risk / Return Rank: 46
FZROX Sharpe Ratio Rank: 41
FZROX Sortino Ratio Rank: 45
FZROX Omega Ratio Rank: 49
FZROX Calmar Ratio Rank: 41
FZROX Martin Ratio Rank: 53

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.

WWD vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Woodward, Inc. (WWD) and Fidelity ZERO Total Market Index Fund (FZROX). 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.

	WWD	FZROX	Difference
Sharpe ratio Return per unit of total volatility	2.62	0.84	+1.79
Sortino ratio Return per unit of downside risk	3.42	1.30	+2.13
Omega ratio Gain probability vs. loss probability	1.48	1.20	+0.28
Calmar ratio Return relative to maximum drawdown	5.56	1.05	+4.51
Martin ratio Return relative to average drawdown	17.60	5.11	+12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WWD vs. FZROX - Sharpe Ratio Comparison

The current WWD Sharpe Ratio is 2.62, which is higher than the FZROX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of WWD and FZROX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WWD	FZROX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	0.84	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.60	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.61	-0.14

Correlation

The correlation between WWD and FZROX is 0.60, 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.

Dividends

WWD vs. FZROX - Dividend Comparison

WWD's dividend yield for the trailing twelve months is around 0.32%, less than FZROX's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WWD Woodward, Inc.	0.32%	0.37%	0.60%	0.65%	0.79%	0.59%	0.43%	0.55%	0.77%	0.65%	0.64%	0.81%
FZROX Fidelity ZERO Total Market Index Fund	1.10%	1.02%	1.16%	1.36%	1.57%	1.25%	1.27%	1.51%	0.00%	0.00%	0.00%	0.00%

Drawdowns

WWD vs. FZROX - Drawdown Comparison

The maximum WWD drawdown since its inception was -83.18%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for WWD and FZROX.

Drawdown Indicators

	WWD	FZROX	Difference
Max Drawdown Largest peak-to-trough decline	-83.18%	-34.96%	-48.22%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-12.44%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-37.64%	-25.12%	-12.52%
Max Drawdown (10Y) Largest decline over 10 years	-60.61%	—	—
Current Drawdown Current decline from peak	-11.09%	-8.89%	-2.20%
Average Drawdown Average peak-to-trough decline	-17.94%	-5.61%	-12.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	2.56%	+2.90%

Volatility

WWD vs. FZROX - Volatility Comparison

Woodward, Inc. (WWD) has a higher volatility of 13.20% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.41%. This indicates that WWD's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WWD	FZROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.20%	4.41%	+8.79%
Volatility (6M) Calculated over the trailing 6-month period	27.81%	9.34%	+18.47%
Volatility (1Y) Calculated over the trailing 1-year period	37.20%	18.49%	+18.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.46%	17.40%	+14.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.02%	20.25%	+14.77%