FRHC vs. BRK-B
FRHC (Freedom Holding Corp.) and BRK-B (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — FRHC in Capital Markets, BRK-B in Insurance - Diversified. Over the past 5 years, FRHC returned 19.12%/yr vs 12.95%/yr for BRK-B. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
FRHC vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, FRHC achieves a 24.32% return, which is significantly higher than BRK-B's 1.77% return.
FRHC
- 1D
- -2.49%
- 1M
- -6.75%
- 6M
- 22.29%
- YTD
- 24.32%
- 1Y
- -16.96%
- 3Y*
- 23.43%
- 5Y*
- 19.12%
- 10Y*
- —
- ALL TIME*
- 64.32%
BRK-B
- 1D
- 0.36%
- 1M
- 0.74%
- 6M
- 6.45%
- YTD
- 1.77%
- 1Y
- 8.18%
- 3Y*
- 13.24%
- 5Y*
- 12.95%
- 10Y*
- 13.57%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.04B | $2.04B | $2.42B | |
| $16.03M | $25.67M | $24.12M |
FRHC vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRHC Freedom Holding Corp. | 24.32% | -6.89% | 62.15% | 38.44% | -16.02% | 35.12% | 252.89% | 76.03% | 29.87% | 236.51% |
BRK-B Berkshire Hathaway Inc. | 1.77% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 6.91% |
Correlation
The correlation between FRHC and BRK-B is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017 | 0.25 |
The correlation between FRHC and BRK-B shifts across timeframes, from -0.03 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FRHC:
$9.27B
BRK-B:
$1.10T
FRHC:
$0.04
BRK-B:
$33.62
FRHC:
3.47K
BRK-B:
15.22
FRHC:
304.57
BRK-B:
0.59
FRHC:
4.37
BRK-B:
2.94
FRHC:
$2.12B
BRK-B:
$375.39B
FRHC:
$1.05B
BRK-B:
$94.36B
FRHC:
$542.59M
BRK-B:
$71.92B
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Return for Risk
FRHC vs. BRK-B — Risk / Return Rank
FRHC
BRK-B
FRHC vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Holding Corp. (FRHC) and Berkshire Hathaway Inc. (BRK-B). 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.
| FRHC | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.11 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.90 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.76 | 1.88 | -2.63 |
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Drawdowns
FRHC vs. BRK-B - Drawdown Comparison
The maximum FRHC drawdown since its inception was -45.93%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FRHC and BRK-B.
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Drawdown Indicators
| FRHC | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.93% | -53.86% | +7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -41.08% | -9.42% | -31.66% |
Max Drawdown (3Y)Largest decline over 3 years | -41.08% | -14.95% | -26.13% |
Max Drawdown (5Y)Largest decline over 5 years | -45.93% | -26.58% | -19.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -20.44% | -5.24% | -15.20% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -11.06% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.61% | 4.49% | +20.12% |
Volatility
FRHC vs. BRK-B - Volatility Comparison
Freedom Holding Corp. (FRHC) has a higher volatility of 18.12% compared to Berkshire Hathaway Inc. (BRK-B) at 4.59%. This indicates that FRHC's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHC | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.12% | 4.59% | +13.53% |
Volatility (6M)Calculated over the trailing 6-month period | 37.51% | 11.13% | +26.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 14.79% | +30.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.77% | 17.12% | +22.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.33% | 19.42% | +28.91% |
Dividends
FRHC vs. BRK-B - Dividend Comparison
Neither FRHC nor BRK-B has paid dividends to shareholders.
Financials
FRHC vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Freedom Holding Corp. and Berkshire Hathaway 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
FRHC vs. BRK-B - Profitability Comparison
FRHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Freedom Holding Corp. reported a gross profit of 354.51M and revenue of 615.57M. Therefore, the gross margin over that period was 57.6%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
FRHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Freedom Holding Corp. reported an operating income of 199.99M and revenue of 615.57M, resulting in an operating margin of 32.5%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
FRHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Freedom Holding Corp. reported a net income of 76.24M and revenue of 615.57M, resulting in a net margin of 12.4%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
Frequently Asked Questions
FRHC and BRK-B have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRHC has higher volatility (18.12%) compared to BRK-B (4.59%). In terms of maximum drawdown, FRHC dropped -45.93% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.57 vs -0.42), 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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