FRHC vs. CEG
FRHC (Freedom Holding Corp.) and CEG (Constellation Energy Corp) are both stocks. FRHC operates in Capital Markets (Financial Services), while CEG operates in Utilities - Renewable (Utilities). Over the past 3 years, FRHC returned 20.31%/yr vs 39.97%/yr for CEG. At a 0.28 correlation, their price movements are largely independent.
Performance
FRHC vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, FRHC achieves a 16.71% return, which is significantly higher than CEG's -28.84% return.
FRHC
- 1D
- -4.38%
- 1M
- 1.57%
- YTD
- 16.71%
- 6M
- 7.60%
- 1Y
- -8.93%
- 3Y*
- 20.31%
- 5Y*
- 20.31%
- 10Y*
- —
CEG
- 1D
- -1.63%
- 1M
- -17.31%
- YTD
- -28.84%
- 6M
- -29.71%
- 1Y
- -15.67%
- 3Y*
- 39.97%
- 5Y*
- —
- 10Y*
- —
FRHC vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRHC Freedom Holding Corp. | 16.71% | -6.89% | 62.15% | 38.44% | -9.64% |
CEG Constellation Energy Corp | -28.84% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between FRHC and CEG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.28 |
Fundamentals
FRHC:
$0.04
CEG:
$8.13
FRHC:
3.26K
CEG:
30.85
FRHC:
285.83
CEG:
0.54
FRHC:
4.10
CEG:
3.27
FRHC:
$2.12B
CEG:
$24.82B
FRHC:
$1.05B
CEG:
$20.98B
FRHC:
$542.59M
CEG:
$5.87B
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Return for Risk
FRHC vs. CEG — Risk / Return Rank
FRHC
CEG
FRHC vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Holding Corp. (FRHC) and Constellation Energy Corp (CEG). 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.
| FRHC | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.41 | +0.19 |
| Martin ratioReturn relative to average drawdown | -0.39 | -0.84 | +0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRHC | CEG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | -0.34 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.90 | +0.45 |
Drawdowns
FRHC vs. CEG - Drawdown Comparison
The maximum FRHC drawdown since its inception was -45.93%, smaller than the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for FRHC and CEG.
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Drawdown Indicators
| FRHC | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.93% | -50.70% | +4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -41.08% | -38.77% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -41.08% | -50.70% | +9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.93% | — | — |
Current DrawdownCurrent decline from peak | -25.31% | -37.69% | +12.38% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -11.58% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.11% | 18.77% | +4.34% |
Volatility
FRHC vs. CEG - Volatility Comparison
The current volatility for Freedom Holding Corp. (FRHC) is 12.91%, while Constellation Energy Corp (CEG) has a volatility of 15.62%. This indicates that FRHC experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHC | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.91% | 15.62% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 28.22% | 37.45% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.37% | 46.57% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.00% | 49.35% | -11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.75% | 49.35% | -1.60% |
Dividends
FRHC vs. CEG - Dividend Comparison
FRHC has not paid dividends to shareholders, while CEG's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.65% | 0.44% | 0.63% | 0.97% | 0.65% |
FRHC Freedom Holding Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FRHC vs. CEG - Financials Comparison
This section allows you to compare key financial metrics between Freedom Holding Corp. and Constellation Energy Corp. 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. CEG - Profitability Comparison
FRHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
CEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a gross profit of 2.48B and revenue of 6.07B. Therefore, the gross margin over that period was 40.8%.
FRHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Freedom Holding Corp. reported an operating income of 199.99M and revenue of 615.57M, resulting in an operating margin of 32.5%.
CEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported an operating income of 598.00M and revenue of 6.07B, resulting in an operating margin of 9.9%.
FRHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Freedom Holding Corp. reported a net income of 76.24M and revenue of 615.57M, resulting in a net margin of 12.4%.
CEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a net income of 432.00M and revenue of 6.07B, resulting in a net margin of 7.1%.
Frequently Asked Questions
FRHC and CEG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.62%) compared to FRHC (12.91%). In terms of maximum drawdown, FRHC dropped -45.93% vs CEG's -50.70%.
FRHC currently has the higher Sharpe Ratio (-0.23 vs -0.34), 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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