FRMI vs. LBRT

Last updated Jun 6, 2026

FRMI (Fermi Inc.) and LBRT (Liberty Oilfield Services Inc.) are both stocks. FRMI operates in REIT - Specialty (Real Estate), while LBRT operates in Oil & Gas Equipment & Services (Energy). At a 0.13 correlation, their price movements are largely independent.

Performance

FRMI vs. LBRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fermi Inc. (FRMI) and Liberty Oilfield Services Inc. (LBRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRMI achieves a -27.75% return, which is significantly lower than LBRT's 55.07% return.

FRMI

• 1D: -6.47%
• 1M: 3.96%
• YTD: -27.75%
• 6M: -61.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LBRT

• 1D: -9.85%
• 1M: -12.13%
• YTD: 55.07%
• 6M: 46.80%
• 1Y: 144.79%
• 3Y*: 30.94%
• 5Y*: 11.58%
• 10Y*: —

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

FRMI vs. LBRT - Yearly Performance Comparison

	2026 (YTD)	2025
FRMI Fermi Inc.	-27.75%	-75.41%
LBRT Liberty Oilfield Services Inc.	55.07%	47.55%

Correlation

The correlation between FRMI and LBRT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.13

Fundamentals

Market Cap FRMI : $3.64B LBRT : $4.73B
EPS FRMI : -$1.29 LBRT : $0.91
PB Ratio FRMI : 3.40 LBRT : 2.43
Total Revenue (TTM) FRMI : $0.00 LBRT : $4.05B
Gross Profit (TTM) FRMI : $0.00 LBRT : $433.12M
EBITDA (TTM) FRMI : -$652.97M LBRT : $688.45M

Return for Risk

FRMI vs. LBRT — Risk / Return Rank

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

LBRT

LBRT Risk / Return Rank: 91
LBRT Sharpe Ratio Rank: 91
LBRT Sortino Ratio Rank: 90
LBRT Omega Ratio Rank: 88
LBRT Calmar Ratio Rank: 93
LBRT Martin Ratio Rank: 92

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.

FRMI vs. LBRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fermi Inc. (FRMI) and Liberty Oilfield Services Inc. (LBRT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FRMI	LBRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	0.07	-0.81

Drawdowns

FRMI vs. LBRT - Drawdown Comparison

The maximum FRMI drawdown since its inception was -85.24%, smaller than the maximum LBRT drawdown of -90.02%. Use the drawdown chart below to compare losses from any high point for FRMI and LBRT.

Drawdown Indicators

	FRMI	LBRT	Difference
Max Drawdown Largest peak-to-trough decline	-85.24%	-90.02%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-58.84%	—
Current Drawdown Current decline from peak	-82.23%	-15.91%	-66.32%
Average Drawdown Average peak-to-trough decline	-63.59%	-35.64%	-27.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.66%	—

Volatility

Volatility by Period

	FRMI	LBRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	124.25%	62.62%	+61.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.25%	55.11%	+69.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.25%	64.84%	+59.41%

Dividends

FRMI vs. LBRT - Dividend Comparison

FRMI has not paid dividends to shareholders, while LBRT's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FRMI Fermi Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LBRT Liberty Oilfield Services Inc.	1.51%	1.79%	1.46%	1.21%	0.31%	0.00%	0.48%	1.80%	0.77%

Financials

Frequently Asked Questions

Can I hold both FRMI and LBRT in my portfolio?

FRMI and LBRT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.