FORM vs. FLNC
FORM (FormFactor, Inc.) and FLNC (Fluence Energy, Inc.) are both stocks. FORM operates in Semiconductors (Technology), while FLNC operates in Utilities - Renewable (Utilities). Over the past 3 years, FORM returned 58.37%/yr vs 5.80%/yr for FLNC. At a 0.38 correlation, their price movements are largely independent.
Performance
FORM vs. FLNC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FORM achieves a 124.29% return, which is significantly higher than FLNC's 41.10% return.
FORM
- 1D
- 8.73%
- 1M
- -8.92%
- YTD
- 124.29%
- 6M
- 123.25%
- 1Y
- 316.76%
- 3Y*
- 58.37%
- 5Y*
- 30.30%
- 10Y*
- 32.72%
FLNC
- 1D
- 2.80%
- 1M
- 128.96%
- YTD
- 41.10%
- 6M
- 39.83%
- 1Y
- 528.60%
- 3Y*
- 5.80%
- 5Y*
- —
- 10Y*
- —
FORM vs. FLNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FORM FormFactor, Inc. | 124.29% | 26.77% | 5.49% | 87.63% | -51.38% | 16.25% |
FLNC Fluence Energy, Inc. | 41.10% | 24.56% | -33.42% | 39.07% | -51.77% | 1.60% |
Correlation
The correlation between FORM and FLNC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.38 |
Fundamentals
FORM:
$9.94B
FLNC:
$3.68B
FORM:
$0.87
FLNC:
-$0.26
FORM:
11.68
FLNC:
1.71
FORM:
9.38
FLNC:
10.01
FORM:
$839.78M
FLNC:
$2.58B
FORM:
$332.34M
FLNC:
$301.68M
FORM:
$97.87M
FLNC:
$4.46M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FORM vs. FLNC — Risk / Return Rank
FORM
FLNC
FORM vs. FLNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FormFactor, Inc. (FORM) and Fluence Energy, Inc. (FLNC). 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.
| FORM | FLNC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.68 | 4.25 | +0.43 |
Sortino ratioReturn per unit of downside risk | 4.08 | 3.70 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.48 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 12.37 | 7.80 | +4.57 |
Martin ratioReturn relative to average drawdown | 29.55 | 15.90 | +13.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FORM | FLNC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.68 | 4.25 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.05 | +0.23 |
Drawdowns
FORM vs. FLNC - Drawdown Comparison
The maximum FORM drawdown since its inception was -92.36%, roughly equal to the maximum FLNC drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for FORM and FLNC.
Loading charts...
Drawdown Indicators
| FORM | FLNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.36% | -90.40% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -63.30% | +37.50% |
Max Drawdown (3Y)Largest decline over 3 years | -62.75% | -88.40% | +25.65% |
Max Drawdown (5Y)Largest decline over 5 years | -62.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | — | — |
Current DrawdownCurrent decline from peak | -19.33% | -25.79% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -51.52% | -53.87% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.80% | 31.07% | -20.27% |
Volatility
FORM vs. FLNC - Volatility Comparison
The current volatility for FormFactor, Inc. (FORM) is 24.66%, while Fluence Energy, Inc. (FLNC) has a volatility of 60.59%. This indicates that FORM experiences smaller price fluctuations and is considered to be less risky than FLNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FORM | FLNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.66% | 60.59% | -35.93% |
Volatility (6M)Calculated over the trailing 6-month period | 48.37% | 92.21% | -43.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.20% | 125.74% | -57.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.61% | 98.14% | -42.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.12% | 98.14% | -45.02% |
Dividends
FORM vs. FLNC - Dividend Comparison
Neither FORM nor FLNC has paid dividends to shareholders.
Financials
FORM vs. FLNC - Financials Comparison
This section allows you to compare key financial metrics between FormFactor, Inc. and Fluence Energy, Inc.. 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
FORM vs. FLNC - Profitability Comparison
FORM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported a gross profit of 86.79M and revenue of 226.14M. Therefore, the gross margin over that period was 38.4%.
FLNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported a gross profit of 46.63M and revenue of 464.89M. Therefore, the gross margin over that period was 10.0%.
FORM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported an operating income of 16.65M and revenue of 226.14M, resulting in an operating margin of 7.4%.
FLNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported an operating income of -34.94M and revenue of 464.89M, resulting in an operating margin of -7.5%.
FORM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported a net income of 20.38M and revenue of 226.14M, resulting in a net margin of 9.0%.
FLNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported a net income of -20.93M and revenue of 464.89M, resulting in a net margin of -4.5%.
Frequently Asked Questions
FORM and FLNC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLNC has higher volatility (60.59%) compared to FORM (24.66%). In terms of maximum drawdown, FORM dropped -92.36% vs FLNC's -90.40%.
FORM currently has the higher Sharpe Ratio (4.68 vs 4.25), 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.
Find the right allocation for FORM and FLNC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer