FORM vs. SMCI
FORM (FormFactor, Inc.) and SMCI (Super Micro Computer, Inc.) are both stocks. Both are in the Technology sector — FORM in Semiconductors, SMCI in Computer Hardware. Over the past 10 years, FORM returned 31.96%/yr vs 29.45%/yr for SMCI. At a 0.39 correlation, their price movements are largely independent.
Performance
FORM vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, FORM achieves a 155.99% return, which is significantly higher than SMCI's 13.84% return. Over the past 10 years, FORM has outperformed SMCI with an annualized return of 31.96%, while SMCI has yielded a comparatively lower 29.45% annualized return.
FORM
- 1D
- -8.85%
- 1M
- 10.70%
- YTD
- 155.99%
- 6M
- 145.51%
- 1Y
- 331.13%
- 3Y*
- 68.34%
- 5Y*
- 32.43%
- 10Y*
- 31.96%
SMCI
- 1D
- -6.03%
- 1M
- -6.35%
- YTD
- 13.84%
- 6M
- 8.32%
- 1Y
- -18.51%
- 3Y*
- 15.53%
- 5Y*
- 56.61%
- 10Y*
- 29.45%
FORM vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FORM FormFactor, Inc. | 155.99% | 26.77% | 5.49% | 87.63% | -51.38% | 6.28% | 65.65% | 84.32% | -9.97% | 39.73% |
SMCI Super Micro Computer, Inc. | 13.84% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
Correlation
The correlation between FORM and SMCI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2007 | 0.39 |
Fundamentals
FORM:
$11.34B
SMCI:
$22.44B
FORM:
$0.87
SMCI:
$2.70
FORM:
163.87
SMCI:
12.33
FORM:
13.34
SMCI:
0.65
FORM:
10.71
SMCI:
2.96
FORM:
$839.78M
SMCI:
$33.70B
FORM:
$332.34M
SMCI:
$2.83B
FORM:
$97.87M
SMCI:
$1.47B
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Return for Risk
FORM vs. SMCI — Risk / Return Rank
FORM
SMCI
FORM vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FormFactor, Inc. (FORM) and Super Micro Computer, Inc. (SMCI). 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.
| FORM | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.04 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 12.93 | -0.28 | +13.21 |
| Martin ratioReturn relative to average drawdown | 29.24 | -0.46 | +29.70 |
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Drawdowns
FORM vs. SMCI - Drawdown Comparison
The maximum FORM drawdown since its inception was -92.36%, which is greater than SMCI's maximum drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for FORM and SMCI.
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Drawdown Indicators
| FORM | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.36% | -84.84% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -66.18% | +40.38% |
Max Drawdown (3Y)Largest decline over 3 years | -62.75% | -84.84% | +22.09% |
Max Drawdown (5Y)Largest decline over 5 years | -62.75% | -84.84% | +22.09% |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | -84.84% | +20.42% |
Current DrawdownCurrent decline from peak | -8.85% | -71.95% | +63.10% |
Average DrawdownAverage peak-to-trough decline | -51.43% | -32.03% | -19.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 40.05% | -28.66% |
Volatility
FORM vs. SMCI - Volatility Comparison
The current volatility for FormFactor, Inc. (FORM) is 29.20%, while Super Micro Computer, Inc. (SMCI) has a volatility of 47.45%. This indicates that FORM experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FORM | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.20% | 47.45% | -18.25% |
Volatility (6M)Calculated over the trailing 6-month period | 53.70% | 78.43% | -24.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.85% | 87.43% | -15.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.61% | 87.07% | -30.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.67% | 71.48% | -17.81% |
Dividends
FORM vs. SMCI - Dividend Comparison
Neither FORM nor SMCI has paid dividends to shareholders.
Financials
FORM vs. SMCI - Financials Comparison
This section allows you to compare key financial metrics between FormFactor, Inc. and Super Micro Computer, 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. SMCI - 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%.
SMCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a gross profit of 1.02B and revenue of 10.24B. 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%.
SMCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported an operating income of 625.87M and revenue of 10.24B, resulting in an operating margin of 6.1%.
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%.
SMCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a net income of 1.02B and revenue of 10.24B, resulting in a net margin of 9.9%.
Frequently Asked Questions
FORM and SMCI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (47.45%) compared to FORM (29.20%). In terms of maximum drawdown, FORM dropped -92.36% vs SMCI's -84.84%.
FORM currently has the higher Sharpe Ratio (4.64 vs -0.21), 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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