FET vs. NESR
FET (Forum Energy Technologies, Inc.) and NESR (National Energy Services Reunited Corp.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 5 years, FET returned 16.33%/yr vs 11.17%/yr for NESR. At a 0.30 correlation, their price movements are largely independent.
Performance
FET vs. NESR - Performance Comparison
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Returns By Period
In the year-to-date period, FET achieves a 38.92% return, which is significantly lower than NESR's 60.03% return.
FET
- 1D
- -0.37%
- 1M
- -10.11%
- YTD
- 38.92%
- 6M
- 41.09%
- 1Y
- 161.62%
- 3Y*
- 31.47%
- 5Y*
- 16.33%
- 10Y*
- -17.14%
NESR
- 1D
- 2.12%
- 1M
- -2.72%
- YTD
- 60.03%
- 6M
- 68.30%
- 1Y
- 304.85%
- 3Y*
- 104.51%
- 5Y*
- 11.17%
- 10Y*
- —
FET vs. NESR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FET Forum Energy Technologies, Inc. | 38.92% | 138.54% | -30.13% | -24.85% | 83.80% | 34.87% | -64.58% | -59.32% | -73.44% | -6.04% |
NESR National Energy Services Reunited Corp. | 60.03% | 74.78% | 46.89% | -12.10% | -26.56% | -4.83% | 8.88% | 5.31% | -12.96% | 5.29% |
Correlation
The correlation between FET and NESR is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.30 |
The correlation between FET and NESR shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FET:
$597.53M
NESR:
$2.58B
FET:
-$0.52
NESR:
$0.64
FET:
0.77
NESR:
1.77
FET:
2.13
NESR:
2.59
FET:
$806.90M
NESR:
$1.43B
FET:
$221.67M
NESR:
$179.11M
FET:
$70.89M
NESR:
$185.56M
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Return for Risk
FET vs. NESR — Risk / Return Rank
FET
NESR
FET vs. NESR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forum Energy Technologies, Inc. (FET) and National Energy Services Reunited Corp. (NESR). 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.
| FET | NESR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.67 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 7.33 | 11.21 | -3.88 |
| Martin ratioReturn relative to average drawdown | 20.83 | 38.72 | -17.89 |
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Drawdowns
FET vs. NESR - Drawdown Comparison
The maximum FET drawdown since its inception was -99.56%, which is greater than NESR's maximum drawdown of -83.12%. Use the drawdown chart below to compare losses from any high point for FET and NESR.
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Drawdown Indicators
| FET | NESR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -83.12% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -22.19% | -27.39% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -50.62% | -45.64% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -82.31% | +23.17% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | — | — |
Current DrawdownCurrent decline from peak | -93.01% | -6.63% | -86.38% |
Average DrawdownAverage peak-to-trough decline | -68.86% | -35.84% | -33.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 7.95% | -0.16% |
Volatility
FET vs. NESR - Volatility Comparison
The current volatility for Forum Energy Technologies, Inc. (FET) is 13.26%, while National Energy Services Reunited Corp. (NESR) has a volatility of 15.56%. This indicates that FET experiences smaller price fluctuations and is considered to be less risky than NESR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FET | NESR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 15.56% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 32.09% | 38.43% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.14% | 54.30% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 55.78% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.46% | 52.29% | +30.17% |
Dividends
FET vs. NESR - Dividend Comparison
Neither FET nor NESR has paid dividends to shareholders.
Financials
FET vs. NESR - Financials Comparison
This section allows you to compare key financial metrics between Forum Energy Technologies, Inc. and National Energy Services Reunited Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FET vs. NESR - Profitability Comparison
FET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Forum Energy Technologies, Inc. reported a gross profit of 60.99M and revenue of 208.70M. Therefore, the gross margin over that period was 29.2%.
NESR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.
FET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Forum Energy Technologies, Inc. reported an operating income of 11.01M and revenue of 208.70M, resulting in an operating margin of 5.3%.
NESR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.
FET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Forum Energy Technologies, Inc. reported a net income of 4.49M and revenue of 208.70M, resulting in a net margin of 2.2%.
NESR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.
Frequently Asked Questions
FET and NESR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NESR has higher volatility (15.56%) compared to FET (13.26%). In terms of maximum drawdown, FET dropped -99.56% vs NESR's -83.12%.
NESR currently has the higher Sharpe Ratio (5.67 vs 3.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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