A review of recent precision measurements of the electromagnetic form factors of the mesons, pion and kaon, and the hyperons, $Lambda^0$, $Sigma^0$, $Sigma^+$, $Xi^-$, $Xi^0$, $Omega^-$, at large timelike momentum transfers is presented. Evidence is found for diquark correlations in $Lambda^0$, $Sigma^0$ hyperons.