FRD vs. FDFIX

Last updated Jun 25, 2026

FRD (Friedman Industries, Incorporated) is a stock, while FDFIX (Fidelity Flex 500 Index Fund) is Large Cap Blend Equities fund tracking the Fidelity U.S. Large Cap Index. Over the past 5 years, FRD returned 19.95%/yr vs 13.07%/yr for FDFIX. At a 0.20 correlation, their price movements are largely independent.

Performance

FRD vs. FDFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Friedman Industries, Incorporated (FRD) and Fidelity Flex 500 Index Fund (FDFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRD achieves a 65.32% return, which is significantly higher than FDFIX's 8.05% return.

FRD

• 1D: -4.37%
• 1M: 63.15%
• YTD: 65.32%
• 6M: 62.94%
• 1Y: 106.75%
• 3Y*: 53.00%
• 5Y*: 19.95%
• 10Y*: 20.38%

FDFIX

• 1D: -1.44%
• 1M: -1.13%
• YTD: 8.05%
• 6M: 6.74%
• 1Y: 21.91%
• 3Y*: 20.68%
• 5Y*: 13.07%
• 10Y*: —

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

FRD vs. FDFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRD Friedman Industries, Incorporated	65.32%	35.33%	-0.26%	58.98%	5.34%	37.91%	15.73%	-12.71%	26.02%	-13.51%
FDFIX Fidelity Flex 500 Index Fund	8.05%	17.59%	25.06%	26.27%	-18.10%	28.69%	18.46%	31.47%	-4.45%	14.41%

Correlation

The correlation between FRD and FDFIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 9, 2017	0.20

Return for Risk

FRD vs. FDFIX — Risk / Return Rank

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

FRD

FRD Risk / Return Rank: 89
FRD Sharpe Ratio Rank: 89
FRD Sortino Ratio Rank: 91
FRD Omega Ratio Rank: 89
FRD Calmar Ratio Rank: 91
FRD Martin Ratio Rank: 87

FDFIX

FDFIX Risk / Return Rank: 49
FDFIX Sharpe Ratio Rank: 47
FDFIX Sortino Ratio Rank: 42
FDFIX Omega Ratio Rank: 44
FDFIX Calmar Ratio Rank: 51
FDFIX Martin Ratio Rank: 62

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.

FRD vs. FDFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Friedman Industries, Incorporated (FRD) and Fidelity Flex 500 Index Fund (FDFIX). 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.

	FRD	FDFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.85	+0.10
Sortino ratio: Return per unit of downside risk	3.14	2.52	+0.62
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	4.33	2.61	+1.72
Martin ratio: Return relative to average drawdown	9.32	11.45	-2.14

FRD vs. FDFIX - Sharpe Ratio Comparison

The current FRD Sharpe Ratio is 1.95, which is comparable to the FDFIX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FRD and FDFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FRD vs. FDFIX - Drawdown Comparison

The maximum FRD drawdown since its inception was -71.00%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for FRD and FDFIX.

Drawdown Indicators

	FRD	FDFIX	Difference
Max Drawdown Largest peak-to-trough decline	-71.00%	-33.77%	-37.23%
Max Drawdown (1Y) Largest decline over 1 year	-24.77%	-8.99%	-15.78%
Max Drawdown (3Y) Largest decline over 3 years	-46.49%	-18.76%	-27.73%
Max Drawdown (5Y) Largest decline over 5 years	-50.01%	-24.51%	-25.50%
Max Drawdown (10Y) Largest decline over 10 years	-65.09%	—	—
Current Drawdown Current decline from peak	-9.83%	-3.12%	-6.71%
Average Drawdown Average peak-to-trough decline	-34.67%	-4.56%	-30.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	2.04%	+9.46%

Volatility

FRD vs. FDFIX - Volatility Comparison

Friedman Industries, Incorporated (FRD) has a higher volatility of 30.17% compared to Fidelity Flex 500 Index Fund (FDFIX) at 5.03%. This indicates that FRD's price experiences larger fluctuations and is considered to be riskier than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRD	FDFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.17%	5.03%	+25.14%
Volatility (6M) Calculated over the trailing 6-month period	38.94%	10.04%	+28.90%
Volatility (1Y) Calculated over the trailing 1-year period	54.98%	12.71%	+42.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.17%	17.06%	+37.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.69%	18.60%	+31.09%

Dividends

FRD vs. FDFIX - Dividend Comparison

FRD's dividend yield for the trailing twelve months is around 0.47%, less than FDFIX's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFIX Fidelity Flex 500 Index Fund	1.06%	1.11%	1.26%	1.48%	1.70%	1.27%	1.52%	1.78%	2.16%	0.50%	0.00%	0.00%
FRD Friedman Industries, Incorporated	0.47%	0.78%	0.92%	0.52%	0.82%	0.85%	1.17%	2.66%	1.70%	0.70%	0.60%	0.90%

Frequently Asked Questions

Can I hold both FRD and FDFIX in my portfolio?

FRD and FDFIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRD or FDFIX?

FRD has higher volatility (30.17%) compared to FDFIX (5.03%). In terms of maximum drawdown, FRD dropped -71.00% vs FDFIX's -33.77%.

Which has better risk-adjusted returns?

FRD currently has the higher Sharpe Ratio (1.95 vs 1.85), 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.