Liberty Media (FWONA)
Market Price (1/21/2026): $81.94 | Market Cap: $20.5 BilSector: Communication Services | Industry: Movies & Entertainment
Liberty Media (FWONA)
Market Price (1/21/2026): $81.94Market Cap: $20.5 BilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0% | Weak multi-year price returns3Y Excs Rtn is -13% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 59x |
| Low stock price volatilityVol 12M is 26% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6% | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Digital Content & Streaming. Themes include Experiential Retail, Travel & Leisure Tech, Show more. | Key risksFWONA key risks include [1] declining profitability driven by increasing operational costs, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Digital Content & Streaming. Themes include Experiential Retail, Travel & Leisure Tech, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -13% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 59x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6% |
| Key risksFWONA key risks include [1] declining profitability driven by increasing operational costs, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Primary F1 Revenue Decline in Q3 2025: Liberty Media's Q3 2025 financial results, reported on November 5, 2025, indicated a decrease in primary Formula One (F1) revenue for the three months ended September 30, 2025. This decline was attributed primarily to calendar variances, which resulted in a smaller proportion of season-based income from race promotion and media rights being recognized during that period, despite overall growth in operating income.
2. Split-Off of Liberty Live Holdings: The approval and subsequent completion of the split-off of Liberty Live Holdings in December 2025, separating it from the Formula One Group, likely introduced a period of investor adjustment. While intended to create a more focused motorsport entity, significant corporate restructuring can sometimes lead to initial selling pressure or uncertainty as investors re-evaluate their positions.
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Stock Movement Drivers
Fundamental Drivers
The -9.9% change in FWONA stock from 10/31/2025 to 1/20/2026 was primarily driven by a -13.8% change in the company's P/S Multiple.| 10312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 90.98 | 81.95 | -9.93% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3866.00 | 4040.00 | 4.50% |
| P/S Multiple | 5.88 | 5.07 | -13.80% |
| Shares Outstanding (Mil) | 250.00 | 250.00 | 0.00% |
| Cumulative Contribution | -9.93% |
Market Drivers
10/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| FWONA | -9.9% | |
| Market (SPY) | -0.7% | 9.7% |
| Sector (XLC) | -1.2% | 14.0% |
Fundamental Drivers
The -9.1% change in FWONA stock from 7/31/2025 to 1/20/2026 was primarily driven by a -20.6% change in the company's P/S Multiple.| 7312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 90.12 | 81.95 | -9.07% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3513.00 | 4040.00 | 15.00% |
| P/S Multiple | 6.39 | 5.07 | -20.61% |
| Shares Outstanding (Mil) | 249.00 | 250.00 | -0.40% |
| Cumulative Contribution | -9.07% |
Market Drivers
7/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| FWONA | -9.1% | |
| Market (SPY) | 7.5% | 17.5% |
| Sector (XLC) | 6.0% | 22.3% |
Fundamental Drivers
The -6.9% change in FWONA stock from 1/31/2025 to 1/20/2026 was primarily driven by a -11.5% change in the company's P/S Multiple.| 1312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 88.02 | 81.95 | -6.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3716.00 | 4040.00 | 8.72% |
| P/S Multiple | 5.73 | 5.07 | -11.53% |
| Shares Outstanding (Mil) | 242.00 | 250.00 | -3.31% |
| Cumulative Contribution | -7.00% |
Market Drivers
1/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| FWONA | -6.9% | |
| Market (SPY) | 13.6% | 48.5% |
| Sector (XLC) | 11.8% | 49.9% |
Fundamental Drivers
The 57.1% change in FWONA stock from 1/31/2023 to 1/20/2026 was primarily driven by a 3729.8% change in the company's Net Income Margin (%).| 1312023 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 52.15 | 81.95 | 57.14% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2606.00 | 4040.00 | 55.03% |
| Net Income Margin (%) | 1.34% | 51.44% | 3729.75% |
| P/E Multiple | 347.17 | 9.86 | -97.16% |
| Shares Outstanding (Mil) | 233.00 | 250.00 | -7.30% |
| Cumulative Contribution | 56.31% |
Market Drivers
1/31/2023 to 1/20/2026| Return | Correlation | |
|---|---|---|
| FWONA | 57.1% | |
| Market (SPY) | 72.9% | 42.0% |
| Sector (XLC) | 112.1% | 41.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FWONA Return | 37% | 0% | 11% | 45% | 6% | -8% | 116% |
| Peers Return | � | � | 38% | 53% | 15% | -3% | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| FWONA Win Rate | 50% | 0% | 25% | 75% | 50% | 0% | |
| Peers Win Rate | � | � | 53% | 67% | 53% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| FWONA Max Drawdown | -6% | 0% | 0% | -3% | -16% | -8% | |
| Peers Max Drawdown | � | � | -8% | -7% | -13% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LYV, TKO, SPOT, DIS, CMCSA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/20/2026 (YTD)
How Low Can It Go
| Event | FWONA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -16.4% | -25.4% |
| % Gain to Breakeven | 19.6% | 34.1% |
| Time to Breakeven | 160 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -60.8% | -33.9% |
| % Gain to Breakeven | 154.9% | 51.3% |
| Time to Breakeven | 532 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.1% | -19.8% |
| % Gain to Breakeven | 45.1% | 24.7% |
| Time to Breakeven | 227 days | 120 days |
Compare to LYV, TKO, SPOT, DIS, CMCSA
In The Past
Liberty Media's stock fell -16.4% during the 2022 Inflation Shock from a high on 8/4/2023. A -16.4% loss requires a 19.6% gain to breakeven.
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Asset Allocation
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AI Analysis | Feedback
Here are 1-3 brief analogies for Liberty Media (FWONA):
- A Berkshire Hathaway for sports and entertainment.
- An IAC (InterActiveCorp) focused on media and live events.
- A Disney for live sports and music.
AI Analysis | Feedback
For Liberty Media (FWONA), its major products are services primarily categorized under **Sports & Entertainment Media and Rights Management**:- Formula 1 World Championship Operations & Commercialization: This encompasses the overall operation and commercial exploitation of the FIA Formula One World Championship, the pinnacle of motor racing.
- Event Promotion Licensing: This service involves licensing rights to local promoters to organize and host Formula 1 Grand Prix races.
- Broadcast & Digital Media Rights: This service entails licensing audio-visual and data content rights for Formula 1 races to broadcasters and digital platforms globally.
- Sponsorship & Advertising Sales: This service focuses on securing global sponsorships and selling advertising opportunities for the Formula 1 brand and events.
- Hospitality & Fan Experiences: This service provides premium hospitality, ticketing, and immersive fan experiences at Formula 1 events, such as the Paddock Club.
- Brand & Content Licensing: This service involves licensing the Formula 1 brand, intellectual property, and content for merchandise, video games, and other consumer products.
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Liberty Media (FWONA) Major Customers
Liberty Media Corporation (FWONA), primarily through its ownership and operation of Formula 1, sells primarily to other companies. Its major customers fall into categories such as media rights holders (broadcasters), global sponsors, and race promoters. Here are some of its major customer companies:- The Walt Disney Company (NYSE: DIS) - Through its ESPN channels, Disney holds significant media rights for Formula 1 in key markets like the United States.
- Comcast Corporation (NASDAQ: CMCSA) - Through its Sky Sports division, Comcast is a major media rights holder for Formula 1 in markets such as the United Kingdom, Germany, and Italy.
- Aramco (TADAWUL: 2222) - A global partner and major sponsor of Formula 1.
- Deutsche Post AG (XTRA: DPW) - Through its DHL brand, Deutsche Post is a long-standing official logistics partner and global sponsor of Formula 1.
- Amazon.com, Inc. (NASDAQ: AMZN) - Through Amazon Web Services (AWS), it serves as a global technology partner and sponsor for Formula 1.
In addition to these, Formula 1 also generates substantial revenue from various **Race Promoters** worldwide, which are entities (often private companies or government-backed organizations) that pay fees for the right to host individual Grand Prix events.
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- Deutsche Post DHL Group (DPW.DE)
- Universal Music Group (UMG.AS)
- Warner Music Group (WMG)
- Sony (SONY)
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Derek Chang President & Chief Executive Officer
Derek Chang has been President and Chief Executive Officer of Liberty Media Corporation since January 2025. He is a veteran executive in the global media, sports, and entertainment industries, having led operating, corporate development, and investment teams at prominent companies such as EverPass Media, the NBA, DIRECTV, Scripps, Charter, and TCI. Mr. Chang has served as a director of Liberty Media since March 2021.
Brian J. Wendling Chief Accounting Officer & Principal Financial Officer
Brian J. Wendling serves as Chief Accounting Officer and Principal Financial Officer of Liberty Media Corporation and Liberty Broadband Corporation. He has held various positions with these companies and their predecessors since 1999. Before joining Liberty Media, Mr. Wendling worked in the assurance practice of the accounting firm KPMG. He serves on the board of Comscore, Inc. and has previously served on the boards of Fun Technologies Inc. and CommerceHub, Inc.
Renee L. Wilm Chief Legal Officer & Chief Administrative Officer
Renee L. Wilm serves as Chief Legal Officer and Chief Administrative Officer of Liberty Media Corporation, Qurate Retail, Inc., Liberty TripAdvisor Holdings, Inc., and Liberty Broadband Corporation. She is responsible for managing legal matters, providing strategic support, and supervising day-to-day operations. Previously, Ms. Wilm was a Senior Partner with the law firm Baker Botts L.L.P. for over twenty years, where she specialized in mergers and acquisitions, complex capital structures, shareholder arrangements, securities offerings, corporate governance, and securities law compliance. She also serves as Chief Executive Officer of Las Vegas Grand Prix, Inc., a wholly owned subsidiary of Liberty Media and Formula 1.
Ben Oren Executive Vice President & Treasurer
Ben Oren serves as Executive Vice President and Treasurer of Liberty Media Corporation and Liberty Broadband Corporation. Mr. Oren has twenty years of experience in various investment banking roles. Most recently, he was a Managing Director with Credit Suisse, where he advised companies across multiple sectors including Technology, Media, and Telecom on a broad range of capital markets transactions. Prior to Credit Suisse, he was an Executive Director at UBS Securities, LLC.
Albert E. Rosenthaler Senior Advisor
Albert E. Rosenthaler has served as Senior Advisor of Liberty Media Corporation since January 2024. He previously served as Chief Corporate Development Officer of Liberty Media, QVC, Liberty TripAdvisor, and Liberty Broadband from October 2016 to December 2023. Prior to that, he held the role of Chief Tax Officer for these companies from January 2016 to September 2016 and served as a Senior Vice President of Liberty Media (including its predecessor) from May 2007 to December 2015. Before joining Liberty, Mr. Rosenthaler was a tax partner at Arthur Andersen. He possesses significant executive and financial experience.
AI Analysis | Feedback
The key risks to Liberty Media's Formula One Group (FWONA) primarily revolve around its financial performance, revenue generation, and operational stability:
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Declining Profitability and Increasing Operational Costs: Despite overall revenue growth in certain segments, Liberty Media's Formula One Group has experienced declining profitability in some areas. This is attributed to rising costs and expenses, which impact the company's financial performance. For example, Formula 1's operating income decreased in Q4 2023, and the company has reported a decline in adjusted OIBDA due to calendar variances and increased costs like freight and partner servicing expenses.
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Challenges in Media Rights Negotiations and Revenue Volatility: Liberty Media faces potential hurdles in renewing media rights, particularly in Latin America and Asia, and navigating complex discussions for digital streaming partnerships crucial for maintaining and expanding its global reach. Additionally, the company's revenue is highly sensitive to event scheduling, especially in Formula 1, where the timing and mix of races significantly impact quarterly earnings and can lead to fluctuations in financial performance.
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Operational Risks and External Disruptions: The company's ventures can face operational challenges, such as the initial hurdles experienced by the Las Vegas Grand Prix. Beyond specific events, Liberty Media is exposed to broader operational risks associated with its subsidiaries and business affiliates operating outside the U.S. Furthermore, weak and uncertain economic conditions, geopolitical incidents, or natural disasters could adversely impact consumer demand or lead to event cancellations and postponements.
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nullAI Analysis | Feedback
Liberty Media Corporation (FWONA) holds interests in a diverse portfolio of media, entertainment, and sports companies. The primary businesses and assets include Formula 1, SiriusXM Holdings Inc., Live Nation Entertainment, Inc., and Braves Holdings, LLC (Atlanta Braves).
Formula 1
The addressable market for Formula 1 is global. The global Formula 1 Racing Market was valued at USD 3.5 billion in 2024 and is projected to grow to USD 6.5 billion by 2032, at a compound annual growth rate (CAGR) of 8%. Other estimates place the market size at $4 billion in 2025, expanding to over $6 billion by 2032 with a 7% CAGR. The Formula 1 racing car market, which includes design, manufacturing, and technological advancements within the sport, is estimated to be between $2-3 billion in 2025, with a projected CAGR of approximately 5-7% from 2025 to 2033. This market size incorporates revenue generated from race hosting fees, sponsorship deals, broadcasting rights, and merchandise sales.
SiriusXM Holdings Inc.
The addressable market for SiriusXM is North America. As the leading audio entertainment company in North America, SiriusXM had approximately 34 million subscribers as of July 2022. The company holds an estimated 59.4% of the total industry revenue in Internet Radio Broadcasting in the U.S. and a notable market share in Music Streaming Services in the U.S. SiriusXM's total revenue for 2024 is approximately $8.675 billion, with a 2025 outlook of $8.5 billion. Over 75% of SiriusXM's revenue is generated from subscriptions.
Live Nation Entertainment, Inc.
Live Nation Entertainment operates in a global market. The company reported revenues of $23.2 billion in 2024. For the third quarter of 2025, Live Nation recorded revenues of $8.5 billion. Live Nation's market capitalization was $32.59 billion USD as of November 2025. In the U.S., Live Nation holds an estimated 19.9% of the total industry revenue in the Concert & Event Promotion industry.
Braves Holdings, LLC (Atlanta Braves)
The addressable market for the Atlanta Braves is regional within the U.S., primarily focusing on Major League Baseball (MLB) fans and local real estate development. The Atlanta Braves generated $641 million in total revenue in 2023. For the third quarter of 2025, the total revenue was $312 million, with baseball revenue accounting for $284 million and mixed-use development revenue (The Battery Atlanta) contributing $27 million. In July 2025, the Braves were valued at between $3.1 billion and $3.7 billion by Sportico and Forbes, respectively. The Battery Atlanta alone generated $59 million in revenue in 2023.
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Liberty Media (NASDAQ: FWONA) is expected to drive future revenue growth over the next two to three years through several key initiatives primarily within its Formula One Group, which now includes MotoGP.
- Integration and Growth of MotoGP: The acquisition of MotoGP in July 2025 is a significant new revenue stream for Liberty Media. The company aims to accelerate growth and monetize various opportunities within MotoGP, with the championship already contributing substantially to the Formula One Group's revenue.
- Expansion of Media Rights and Broadcast Partnerships: Continued growth is anticipated from contractual increases in media rights fees, the increasing subscriber base of F1 TV, and new broadcast partnerships. A notable example is the new agreement with Apple as the US broadcast partner, expected to drive further growth in the region.
- Increased Sponsorship and Commercial Partnerships: Revenue growth is expected from securing new sponsors and through contractual fee increases and renewals with existing partners across both Formula 1 and MotoGP.
- Growth in Hospitality and Fan Experience Offerings: Liberty Media is capitalizing on the global popularity of its motorsport properties by expanding premium hospitality services, such as the Paddock Club, and increasing revenue from Grand Prix Plaza activities and other licensing opportunities.
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Share Repurchases
- As of August 1, 2025, Liberty Media had a remaining repurchase authorization of $1.1 billion, applicable to common shares of any of its tracking stocks.
- There were no repurchases of Liberty Media's common stock from May 1 through July 31, 2025.
- No repurchases of common stock occurred from August 1 through October 31, 2025.
Share Issuance
- On August 22, 2024, Liberty Media completed a public offering of 12,247,500 shares of its Series C Liberty Formula One Common Stock (FWONK) at $77.50 per share, generating approximately $949.2 million in gross proceeds.
Outbound Investments
- Liberty Media completed the acquisition of approximately 84% of Dorna Sports, S.L. (MotoGP™), the exclusive commercial rights holder of the MotoGP™ World Championship, on July 3, 2025.
- In September 2023, Liberty Media acquired ticket distributor and hospitality group QuintEvents for $313 million.
- Liberty Media announced plans to split off the Liberty Live Group, which holds its interest in Live Nation and other minority investments, into a separate public company, Liberty Live Holdings, Inc., with an expected completion date of December 15, 2025.
Capital Expenditures
- Capital expenditures at Formula 1 (F1) partially offset the increase in cash and cash equivalents attributed to the Formula One Group during the second quarter of 2025.
- Capital expenditures at F1 also partially offset the increase in cash and cash equivalents attributed to the Formula One Group during the first quarter of 2025.
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Peer Comparisons for Liberty Media
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 125.50 |
| Mkt Cap | 68.7 |
| Rev LTM | 20,733 |
| Op Inc LTM | 1,552 |
| FCF LTM | 2,248 |
| FCF 3Y Avg | 1,391 |
| CFO LTM | 2,727 |
| CFO 3Y Avg | 1,739 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.4% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 4.6% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 13.5% |
| Op Mgn 3Y Avg | 11.5% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 18.3% |
| CFO/Rev 3Y Avg | 18.1% |
| FCF/Rev LTM | 12.0% |
| FCF/Rev 3Y Avg | 10.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 68.7 |
| P/S | 3.6 |
| P/EBIT | 21.3 |
| P/E | 26.1 |
| P/CFO | 12.0 |
| Total Yield | 5.6% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 4.1% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Price Behavior
| Market Price | $81.95 | |
| Market Cap ($ Bil) | 20.5 | |
| First Trading Date | 01/10/2013 | |
| Distance from 52W High | -17.5% | |
| 50 Days | 200 Days | |
| DMA Price | $87.08 | $88.33 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -5.9% | -7.2% |
| 3M | 1YR | |
| Volatility | 18.9% | 26.6% |
| Downside Capture | 38.40 | 76.57 |
| Upside Capture | -14.98 | 64.27 |
| Correlation (SPY) | -0.9% | 48.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.06 | 0.14 | 0.17 | 0.38 | 0.66 | 0.57 |
| Up Beta | -0.16 | 0.14 | -0.18 | 0.37 | 0.42 | 0.25 |
| Down Beta | 0.38 | 0.32 | 0.32 | 0.25 | 0.94 | 0.93 |
| Up Capture | -2% | 0% | -0% | 29% | 54% | 33% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 13 | 22 | 32 | 64 | 135 | 325 |
| Down Capture | -40% | 16% | 38% | 58% | 80% | 81% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 9 | 19 | 32 | 62 | 114 | 275 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| FWONA vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| FWONA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -1.6% | 17.9% | 15.3% | 75.7% | 3.6% | 7.5% | -7.9% |
| Annualized Volatility | 26.5% | 18.4% | 19.3% | 20.3% | 15.3% | 16.8% | 34.3% |
| Sharpe Ratio | -0.09 | 0.75 | 0.61 | 2.67 | 0.03 | 0.26 | -0.08 |
| Correlation With Other Assets | 49.9% | 48.1% | 4.3% | 22.0% | 37.0% | 26.4% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| FWONA vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| FWONA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 17.5% | 12.4% | 13.8% | 20.4% | 11.5% | 6.0% | 21.1% |
| Annualized Volatility | 29.7% | 20.9% | 17.1% | 15.7% | 18.7% | 18.8% | 48.0% |
| Sharpe Ratio | 0.86 | 0.50 | 0.65 | 1.05 | 0.50 | 0.22 | 0.47 |
| Correlation With Other Assets | 37.6% | 36.7% | 4.5% | 5.5% | 26.2% | 15.0% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| FWONA vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| FWONA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.4% | 12.5% | 15.3% | 15.4% | 8.0% | 5.7% | 70.5% |
| Annualized Volatility | 38.7% | 22.5% | 18.0% | 14.9% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.40 | 0.51 | 0.73 | 0.86 | 0.37 | 0.24 | 0.91 |
| Correlation With Other Assets | 51.0% | 44.0% | -1.2% | 16.4% | 39.6% | 10.1% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | 1.7% | 0.4% | -9.3% |
| 8/7/2025 | -0.9% | 2.2% | 6.6% |
| 2/28/2025 | -2.9% | -7.7% | -8.6% |
| 11/12/2024 | 4.6% | -0.9% | 14.2% |
| 8/9/2024 | 1.4% | 4.2% | 3.4% |
| 5/8/2024 | -0.9% | -1.6% | 1.9% |
| 2/28/2024 | 4.4% | 1.0% | -6.5% |
| 11/3/2023 | -1.1% | 4.4% | -3.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 13 |
| # Negative | 8 | 7 | 8 |
| Median Positive | 1.4% | 0.5% | 2.9% |
| Median Negative | -1.1% | -2.1% | -7.5% |
| Max Positive | 4.6% | 4.4% | 19.3% |
| Max Negative | -3.1% | -7.7% | -29.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/05/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/07/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/07/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/27/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/12/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/09/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/08/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/28/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/03/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/04/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/05/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/01/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/04/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/05/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/06/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/25/2022 | 10-K (12/31/2021) |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carey, Chase | Direct | Sell | 12182025 | 95.79 | 83,500 | 7,998,417 | 9,038,307 | Form | |
| 2 | Carey, Chase | Direct | Sell | 12182025 | 96.95 | 83,536 | 8,098,493 | 9,147,450 | Form | |
| 3 | Carey, Chase | Direct | Sell | 11142025 | 102.89 | 81,006 | 8,334,322 | 9,578,822 | Form | |
| 4 | Carey, Chase | Direct | Sell | 11122025 | 102.54 | 109,121 | 11,189,255 | 9,546,668 | Form | |
| 5 | Wilm, Renee L | Chief Legal/Admin Officer | Direct | Sell | 11102025 | 102.42 | 4,676 | 478,925 | 2,154,650 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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