FET vs. PDS
FET (Forum Energy Technologies, Inc.) and PDS (Precision Drilling Corporation) are both stocks. Both are in the Energy sector — FET in Oil & Gas Equipment & Services, PDS in Oil & Gas Drilling. Over the past 10 years, FET returned -14.87%/yr vs -0.84%/yr for PDS. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
FET vs. PDS - Performance Comparison
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Returns By Period
In the year-to-date period, FET achieves a 69.61% return, which is significantly higher than PDS's 8.14% return. Over the past 10 years, FET has underperformed PDS with an annualized return of -14.87%, while PDS has yielded a comparatively higher -0.84% annualized return.
FET
- 1D
- 21.85%
- 1M
- 33.40%
- 6M
- 38.53%
- YTD
- 69.61%
- 1Y
- 240.97%
- 3Y*
- 31.63%
- 5Y*
- 23.61%
- 10Y*
- -14.87%
- ALL TIME*
- -12.88%
PDS
- 1D
- 2.02%
- 1M
- 2.70%
- 6M
- -2.52%
- YTD
- 8.14%
- 1Y
- 43.47%
- 3Y*
- 6.59%
- 5Y*
- 18.49%
- 10Y*
- -0.84%
- ALL TIME*
- -3.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.09M | $8.40M | $8.95M | |
| $10.16M | $8.39M | $9.19M |
FET vs. PDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FET Forum Energy Technologies, Inc. | 69.61% | 138.54% | -30.13% | -24.85% | 83.80% | 34.87% | -64.58% | -59.32% | -73.44% | -29.32% |
PDS Precision Drilling Corporation | 8.14% | 17.70% | 12.49% | -29.22% | 116.48% | 114.86% | -41.11% | -19.54% | -42.38% | -44.59% |
Correlation
The correlation between FET and PDS is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2012 | 0.52 |
The correlation between FET and PDS has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
Fundamentals
FET:
$708.44M
PDS:
$999.04M
FET:
-$0.13
PDS:
-CA$2.45
FET:
0.89
PDS:
0.76
FET:
2.53
PDS:
0.91
FET:
$833.35M
PDS:
CA$1.92B
FET:
$233.66M
PDS:
CA$1.35B
FET:
$63.99M
PDS:
CA$398.26M
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Return for Risk
FET vs. PDS — Risk / Return Rank
FET
PDS
FET vs. PDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forum Energy Technologies, Inc. (FET) and Precision Drilling Corporation (PDS). 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 | PDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.19 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 7.87 | 1.35 | +6.52 |
| Martin ratioReturn relative to average drawdown | 21.61 | 4.25 | +17.36 |
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Drawdowns
FET vs. PDS - Drawdown Comparison
The maximum FET drawdown since its inception was -99.56%, roughly equal to the maximum PDS drawdown of -99.16%. Use the drawdown chart below to compare losses from any high point for FET and PDS.
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Drawdown Indicators
| FET | PDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -99.16% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -27.87% | -28.29% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -49.74% | -50.50% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -55.51% | -3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | -95.33% | -4.01% |
Current DrawdownCurrent decline from peak | -91.47% | -88.39% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -69.05% | -69.61% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 9.00% | +1.16% |
Volatility
FET vs. PDS - Volatility Comparison
Forum Energy Technologies, Inc. (FET) has a higher volatility of 24.12% compared to Precision Drilling Corporation (PDS) at 13.02%. This indicates that FET's price experiences larger fluctuations and is considered to be riskier than PDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FET | PDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.12% | 13.02% | +11.10% |
Volatility (6M)Calculated over the trailing 6-month period | 38.78% | 30.64% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.86% | 36.69% | +21.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.64% | 47.93% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.60% | 58.92% | +23.68% |
Dividends
FET vs. PDS - Dividend Comparison
Neither FET nor PDS has paid dividends to shareholders.
| 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% |
PDS Precision Drilling Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.11% |
Financials
FET vs. PDS - Financials Comparison
This section allows you to compare key financial metrics between Forum Energy Technologies, Inc. and Precision Drilling Corporation. 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. PDS - Profitability Comparison
FET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported a gross profit of 71.35M and revenue of 226.22M. Therefore, the gross margin over that period was 31.5%.
PDS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Precision Drilling Corporation reported a gross profit of 370.12M and revenue of 452.80M. Therefore, the gross margin over that period was 81.7%.
FET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported an operating income of 20.53M and revenue of 226.22M, resulting in an operating margin of 9.1%.
PDS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Precision Drilling Corporation reported an operating income of 14.38M and revenue of 452.80M, resulting in an operating margin of 3.2%.
FET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported a net income of 12.41M and revenue of 226.22M, resulting in a net margin of 5.5%.
PDS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Precision Drilling Corporation reported a net income of -1.20M and revenue of 452.80M, resulting in a net margin of -0.3%.
Frequently Asked Questions
FET and PDS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FET has higher volatility (24.12%) compared to PDS (13.02%). In terms of maximum drawdown, FET dropped -99.56% vs PDS's -99.16%.
FET currently has the higher Sharpe Ratio (3.80 vs 1.04), 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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