FWD vs SPY
Comparison between AB DISRUPTORS ETF (FWD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
FWD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FWD
$2.90B
Winner
SPY
$784B
Expense Ratio
FWD
0.65%
Winner
SPY
0.09%
Max Drawdown
Winner
FWD
29.02%
SPY
56.47%
Sharpe Ratio
Winner
FWD
1.94
SPY
1.54
5Y Beta
FWD
1.48
Winner
SPY
1.00
P/E Ratio
FWD
60.99
Winner
SPY
27.62
Forward P/E
FWD
26.63
Winner
SPY
21.11
PEG Ratio
FWD
0.74
SPY
N/A
5Y Dividends CAGR
FWD
N/A
SPY
6.00%
5Y EPS CAGR
FWD
17.96%
Winner
SPY
25.30%
Debt to Equity
FWD
43.99%
Winner
SPY
31.11%
P/S Ratio
FWD
6.65
Winner
SPY
3.49
P/B Ratio
FWD
9.86
Winner
SPY
5.30
FWD vs SPY - Holdings Comparison
FWD and SPY have 55 common holdings. Overlap is 25.22%
FWD's top 25 holdings weight is 39.58%. SPY's top 25 holdings weight is 51.24%.
| Rank | FWD | SPY |
|---|---|---|
| #1 | n/a (n/a) - 3.83% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | BROADCOM INC (AVGO) - 2.96% | APPLE INC (AAPL) - 6.81% |
| #3 | NVIDIA CORP (NVDA) - 2.78% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | ADVANCED MICRO DEVICES INC (AMD) - 2.46% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | SAMSUNG ELECTRONICS CO LTD (n/a) - 2.07% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | n/a (n/a) - 1.95% | BROADCOM INC (AVGO) - 2.77% |
| #7 | CATERPILLAR INC (CAT) - 1.85% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | LAM RESEARCH CORP (LRCX) - 1.67% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | AMAZON.COM INC (AMZN) - 1.53% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | ASML HOLDING NV ADR (ASML) - 1.42% | TESLA INC (TSLA) - 1.76% |
| #11 | INTEL CORP (INTC) - 1.36% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | ALPHABET INC CLASS A (GOOGL) - 1.34% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | KIOXIA HOLDINGS CORP ORDINARY SHARES (n/a) - 1.23% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | LATTICE SEMICONDUCTOR CORP (LSCC) - 1.19% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | CIENA CORP (CIEN) - 1.17% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | ARM HOLDINGS PLC ADR (ARM) - 1.16% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | MICRON TECHNOLOGY INC (MU) - 1.12% | VISA INC CLASS A (V) - 0.87% |
| #18 | APPLIED MATERIALS INC (AMAT) - 1.10% | INTEL CORP (INTC) - 0.85% |
| #19 | CORNING INC (GLW) - 1.08% | WALMART INC (WMT) - 0.82% |
| #20 | PRYSMIAN SPA (n/a) - 1.06% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | LUMENTUM HOLDINGS INC (LITE) - 1.06% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | META PLATFORMS INC CLASS A (META) - 1.05% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | QNITY ELECTRONICS INC (Q) - 1.05% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | ADVANTEST CORP (n/a) - 1.05% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | COGNEX CORP (CGNX) - 1.04% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 127 | 505 |
FWD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FWD
+3.45%
SPY
-1.37%
3M
Winner
FWD
+28.06%
SPY
+12.22%
6M
Winner
FWD
+33.13%
SPY
+7.20%
1Y
Winner
FWD
+66.65%
SPY
+23.58%
5Y(CAGR)
FWD
N/A
SPY
+13.19%
10Y(CAGR)
FWD
N/A
SPY
+15.12%
Max(CAGR)
Winner
FWD
+38.80%
SPY
+8.44%
FWD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FWD | SPY |
|---|---|---|
| 2026 | +32.56% | +7.95% |
| 2025 | +30.34% | +18.00% |
| 2024 | +32.20% | +25.59% |
| 2023 | +25.66% | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FWD vs SPY Drawdown Comparison
The maximum drawdown for FWD was -29.02%, occurring on Apr 4, 2025. Recovery took 106 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FWD drawdown is -4.88%. The current SPY drawdown is -3.18%.
| Rank | FWD | SPY |
|---|---|---|
| #1 | -29.02% Jan 23, 2025 - Jun 26, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -16.22% Jul 31, 2023 - Dec 12, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -13.31% Jul 10, 2024 - Oct 9, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -13.03% Feb 25, 2026 - Apr 10, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.02% Oct 29, 2025 - Jan 6, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.73% Jun 2, 2026 - Jun 18, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.18% Mar 7, 2024 - May 14, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.61% Jan 28, 2026 - Feb 24, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.99% Dec 6, 2024 - Jan 21, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.35% Mar 31, 2023 - May 22, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.42% Dec 28, 2023 - Jan 19, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.88% Jun 22, 2026 - Jun 23, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.78% May 14, 2026 - May 22, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.63% Oct 8, 2025 - Oct 24, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.32% Jun 15, 2023 - Jul 12, 2023 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FWD and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
FWD vs SPY dividend yield comparison.
| Year | FWD | SPY |
|---|---|---|
| 2026 | 0.00% | 0.50% |
| 2025 | 0.11% | 1.07% |
| 2024 | 1.89% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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