FRD vs. VHI
FRD (Friedman Industries, Incorporated) and VHI (Valhi, Inc.) are both stocks. Both are in the Basic Materials sector — FRD in Steel, VHI in Chemicals. Over the past 10 years, FRD returned 21.55%/yr vs -1.81%/yr for VHI. At a 0.10 correlation, their price movements are largely independent.
Performance
FRD vs. VHI - Performance Comparison
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Returns By Period
In the year-to-date period, FRD achieves a 82.03% return, which is significantly higher than VHI's 10.66% return. Over the past 10 years, FRD has outperformed VHI with an annualized return of 21.55%, while VHI has yielded a comparatively lower -1.81% annualized return.
FRD
- 1D
- -0.72%
- 1M
- 79.64%
- YTD
- 82.03%
- 6M
- 81.77%
- 1Y
- 124.24%
- 3Y*
- 57.99%
- 5Y*
- 22.18%
- 10Y*
- 21.55%
VHI
- 1D
- -2.59%
- 1M
- 6.30%
- YTD
- 10.66%
- 6M
- 13.58%
- 1Y
- -13.63%
- 3Y*
- -0.57%
- 5Y*
- -9.95%
- 10Y*
- -1.81%
FRD vs. VHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRD Friedman Industries, Incorporated | 82.03% | 35.33% | -0.26% | 58.98% | 5.34% | 37.91% | 15.73% | -12.71% | 26.02% | -14.17% |
VHI Valhi, Inc. | 10.66% | -47.36% | 56.45% | -29.43% | -22.66% | 91.70% | -30.01% | 0.36% | -68.02% | 82.77% |
Correlation
The correlation between FRD and VHI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.10 |
The correlation between FRD and VHI shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FRD:
$3.73
VHI:
-$2.34
FRD:
0.30
VHI:
0.18
FRD:
$646.91M
VHI:
$2.10B
FRD:
$32.71M
VHI:
$280.00M
FRD:
$26.09M
VHI:
$59.90M
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Return for Risk
FRD vs. VHI — Risk / Return Rank
FRD
VHI
FRD vs. VHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Friedman Industries, Incorporated (FRD) and Valhi, Inc. (VHI). 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 | VHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.99 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | -0.35 | +5.40 |
| Martin ratioReturn relative to average drawdown | 10.86 | -0.58 | +11.44 |
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Drawdowns
FRD vs. VHI - Drawdown Comparison
The maximum FRD drawdown since its inception was -71.00%, smaller than the maximum VHI drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for FRD and VHI.
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Drawdown Indicators
| FRD | VHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.00% | -95.62% | +24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -38.60% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -46.49% | -71.34% | +24.85% |
Max Drawdown (5Y)Largest decline over 5 years | -53.55% | -79.04% | +25.49% |
Max Drawdown (10Y)Largest decline over 10 years | -65.09% | -90.74% | +25.65% |
Current DrawdownCurrent decline from peak | -0.72% | -92.92% | +92.20% |
Average DrawdownAverage peak-to-trough decline | -34.68% | -51.02% | +16.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 23.64% | -12.15% |
Volatility
FRD vs. VHI - Volatility Comparison
Friedman Industries, Incorporated (FRD) has a higher volatility of 28.55% compared to Valhi, Inc. (VHI) at 15.52%. This indicates that FRD's price experiences larger fluctuations and is considered to be riskier than VHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRD | VHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.55% | 15.52% | +13.03% |
Volatility (6M)Calculated over the trailing 6-month period | 38.23% | 34.08% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.72% | 49.11% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.19% | 55.43% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.65% | 63.17% | -13.52% |
Dividends
FRD vs. VHI - Dividend Comparison
FRD's dividend yield for the trailing twelve months is around 0.43%, less than VHI's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRD Friedman Industries, Incorporated | 0.43% | 0.78% | 0.92% | 0.52% | 0.82% | 0.85% | 1.17% | 2.66% | 1.70% | 0.70% | 0.60% | 0.90% |
VHI Valhi, Inc. | 2.43% | 2.66% | 1.37% | 2.11% | 1.45% | 1.11% | 3.16% | 4.28% | 4.15% | 1.30% | 2.31% | 5.97% |
Financials
FRD vs. VHI - Financials Comparison
This section allows you to compare key financial metrics between Friedman Industries, Incorporated and Valhi, 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
FRD vs. VHI - Profitability Comparison
FRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Friedman Industries, Incorporated reported a gross profit of 0.00 and revenue of 191.78M. Therefore, the gross margin over that period was 0.0%.
VHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported a gross profit of 107.10M and revenue of 564.20M. Therefore, the gross margin over that period was 19.0%.
FRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Friedman Industries, Incorporated reported an operating income of 11.83M and revenue of 191.78M, resulting in an operating margin of 6.2%.
VHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported an operating income of 14.10M and revenue of 564.20M, resulting in an operating margin of 2.5%.
FRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Friedman Industries, Incorporated reported a net income of 9.19M and revenue of 191.78M, resulting in a net margin of 4.8%.
VHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valhi, Inc. reported a net income of 7.80M and revenue of 564.20M, resulting in a net margin of 1.4%.
Frequently Asked Questions
FRD and VHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRD has higher volatility (28.55%) compared to VHI (15.52%). In terms of maximum drawdown, FRD dropped -71.00% vs VHI's -95.62%.
FRD currently has the higher Sharpe Ratio (2.29 vs -0.28), 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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