FWDI vs SPY
Comparison between Forward Industries Inc (FWDI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FWDI, delivering a return of +13.4% compared to -31.9%
FWDI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FWDI vs SPY - Historical Returns
Returns include dividend reinvestment.
FWDI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FWDI | SPY |
|---|---|---|
| 2026 | -41.45% | +8.88% |
| 2025 | +31.94% | +18.00% |
| 2024 | -31.35% | +25.59% |
| 2023 | -29.18% | +26.72% |
| 2022 | -34.66% | -18.64% |
| 2021 | -17.02% | +30.52% |
| 2020 | +80.20% | +17.28% |
| 2019 | -26.12% | +31.09% |
| 2018 | +4.00% | -5.24% |
| 2017 | +3.36% | +20.78% |
| 2016 | -12.59% | +13.59% |
| 2015 | +43.69% | +1.31% |
| 2014 | -36.97% | +14.56% |
| 2013 | +2.65% | +29.00% |
| 2012 | -11.38% | +14.17% |
| 2011 | -45.78% | +0.85% |
| 2010 | +58.62% | +13.14% |
| 2009 | -6.67% | +22.67% |
| 2008 | -5.91% | -36.25% |
| 2007 | -45.01% | +5.32% |
| 2006 | -54.11% | +13.85% |
| 2005 | +114.46% | +5.32% |
| 2004 | +50.90% | +10.75% |
| 2003 | +110.53% | +24.18% |
| 2002 | +10.10% | -22.42% |
| 2001 | -13.00% | -10.13% |
| 2000 | -69.39% | -8.84% |
| 1999 | +20.91% | +8.61% |
FWDI vs SPY Drawdown Comparison
The maximum drawdown for FWDI was -98.85%, occurring on Sep 24, 2024. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FWDI drawdown is -98.51%. The current SPY drawdown is -2.35%.
| Rank | FWDI | SPY |
|---|---|---|
| #1 | -98.85% Sep 8, 2005 - Sep 24, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -85.50% Jan 27, 2000 - Dec 22, 2004 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.71% Apr 6, 2005 - May 9, 2005 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -30.48% Jun 6, 2005 - Jul 25, 2005 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.93% Dec 13, 1999 - Jan 25, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.17% Feb 3, 2005 - Mar 1, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.89% Aug 3, 2005 - Sep 8, 2005 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.77% Jan 24, 2005 - Feb 3, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.74% Dec 28, 2004 - Jan 20, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.71% Mar 2, 2005 - Mar 15, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.16% Nov 10, 1999 - Dec 9, 1999 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.84% May 26, 2005 - Jun 6, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.51% Nov 2, 1999 - Nov 10, 1999 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.79% May 9, 2005 - May 16, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.45% Jan 20, 2005 - Jan 24, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FWDI and SPY is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
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