FET vs. NVDA

Last updated Jun 3, 2026

FET (Forum Energy Technologies, Inc.) and NVDA (NVIDIA Corporation) are both stocks. FET operates in Oil & Gas Equipment & Services (Energy), while NVDA operates in Semiconductors (Technology). Over the past 10 years, FET returned -16.74%/yr vs 69.46%/yr for NVDA. At a 0.18 correlation, their price movements are largely independent.

Performance

FET vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Forum Energy Technologies, Inc. (FET) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FET achieves a 42.68% return, which is significantly higher than NVDA's 19.48% return. Over the past 10 years, FET has underperformed NVDA with an annualized return of -16.74%, while NVDA has yielded a comparatively higher 69.46% annualized return.

FET

• 1D: 4.03%
• 1M: -10.25%
• YTD: 42.68%
• 6M: 65.37%
• 1Y: 255.02%
• 3Y*: 30.01%
• 5Y*: 14.84%
• 10Y*: -16.74%

NVDA

• 1D: -0.69%
• 1M: 12.28%
• YTD: 19.48%
• 6M: 22.81%
• 1Y: 62.23%
• 3Y*: 78.33%
• 5Y*: 67.45%
• 10Y*: 69.46%

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

FET vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FET Forum Energy Technologies, Inc.	42.68%	138.54%	-30.13%	-24.85%	83.80%	34.87%	-64.58%	-59.32%	-73.44%	-29.32%
NVDA NVIDIA Corporation	19.48%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between FET and NVDA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Apr 13, 2012	0.18

Fundamentals

Market Cap FET : $613.71M NVDA : $5.43T
EPS FET : -$0.52 NVDA : $6.53
PS Ratio FET : 0.79 NVDA : 21.50
PB Ratio FET : 2.19 NVDA : 27.80
Total Revenue (TTM) FET : $806.90M NVDA : $253.49B
Gross Profit (TTM) FET : $221.67M NVDA : $187.95B
EBITDA (TTM) FET : $70.89M NVDA : $192.76B

Return for Risk

FET vs. NVDA — Risk / Return Rank

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

FET

FET Risk / Return Rank: 97
FET Sharpe Ratio Rank: 98
FET Sortino Ratio Rank: 96
FET Omega Ratio Rank: 95
FET Calmar Ratio Rank: 98
FET Martin Ratio Rank: 99

NVDA

NVDA Risk / Return Rank: 82
NVDA Sharpe Ratio Rank: 85
NVDA Sortino Ratio Rank: 82
NVDA Omega Ratio Rank: 79
NVDA Calmar Ratio Rank: 83
NVDA Martin Ratio Rank: 83

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.

FET vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Forum Energy Technologies, Inc. (FET) and NVIDIA Corporation (NVDA). 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.

	FET	NVDA	Difference
Sharpe ratio Return per unit of total volatility	4.82	1.84	+2.98
Sortino ratio Return per unit of downside risk	4.36	2.47	+1.89
Omega ratio Gain probability vs. loss probability	1.60	1.30	+0.30
Calmar ratio Return relative to maximum drawdown	11.61	3.21	+8.40
Martin ratio Return relative to average drawdown	40.28	7.92	+32.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FET vs. NVDA - Sharpe Ratio Comparison

The current FET Sharpe Ratio is 4.82, which is higher than the NVDA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FET and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FET	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.82	1.84	+2.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.31	-1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.20	1.40	-1.60
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.63	-0.82

Drawdowns

FET vs. NVDA - Drawdown Comparison

The maximum FET drawdown since its inception was -99.56%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for FET and NVDA.

Drawdown Indicators

	FET	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-99.56%	-89.72%	-9.84%
Max Drawdown (1Y) Largest decline over 1 year	-22.19%	-20.21%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-50.62%	-36.88%	-13.74%
Max Drawdown (5Y) Largest decline over 5 years	-59.14%	-66.34%	+7.20%
Max Drawdown (10Y) Largest decline over 10 years	-99.34%	-66.34%	-33.00%
Current Drawdown Current decline from peak	-92.82%	-5.48%	-87.34%
Average Drawdown Average peak-to-trough decline	-68.79%	-36.21%	-32.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	8.20%	-1.80%

Volatility

FET vs. NVDA - Volatility Comparison

Forum Energy Technologies, Inc. (FET) has a higher volatility of 12.82% compared to NVIDIA Corporation (NVDA) at 11.79%. This indicates that FET's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FET	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.82%	11.79%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	33.66%	25.29%	+8.37%
Volatility (1Y) Calculated over the trailing 1-year period	53.28%	34.03%	+19.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.75%	51.66%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.51%	49.80%	+32.71%

Dividends

FET vs. NVDA - Dividend Comparison

FET has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FET Forum Energy Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Financials

FET vs. NVDA - Profitability Comparison

The chart below illustrates the profitability comparison between Forum Energy Technologies, Inc. and NVIDIA Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

NVDA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.

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%.

NVDA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.

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%.

NVDA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.

Frequently Asked Questions

Can I hold both FET and NVDA in my portfolio?

FET and NVDA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FET or NVDA?

FET has higher volatility (12.82%) compared to NVDA (11.79%). In terms of maximum drawdown, FET dropped -99.56% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

FET currently has the higher Sharpe Ratio (4.82 vs 1.84), 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.