FRHC vs. FUTU

Last updated Jun 3, 2026

FRHC (Freedom Holding Corp.) and FUTU (Futu Holdings Limited) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, FRHC returned 24.48%/yr vs -6.13%/yr for FUTU. At a 0.28 correlation, their price movements are largely independent.

Performance

FRHC vs. FUTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom Holding Corp. (FRHC) and Futu Holdings Limited (FUTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRHC achieves a 29.72% return, which is significantly higher than FUTU's -36.91% return.

FRHC

• 1D: 4.90%
• 1M: 16.82%
• YTD: 29.72%
• 6M: 18.80%
• 1Y: -1.71%
• 3Y*: 24.64%
• 5Y*: 24.48%
• 10Y*: —

FUTU

• 1D: -0.86%
• 1M: -34.15%
• YTD: -36.91%
• 6M: -38.92%
• 1Y: -0.12%
• 3Y*: 39.60%
• 5Y*: -6.13%
• 10Y*: —

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

FRHC vs. FUTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRHC Freedom Holding Corp.	29.72%	-6.89%	62.15%	38.44%	-16.02%	35.12%	252.89%	72.07%
FUTU Futu Holdings Limited	-36.91%	105.29%	49.87%	34.39%	-6.12%	-5.36%	343.31%	-32.64%

Correlation

The correlation between FRHC and FUTU is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019	0.28

Fundamentals

EPS FRHC : $0.04 FUTU : $71.05
PE Ratio FRHC : 3.62K FUTU : 1.44
PEG Ratio FRHC : 317.70 FUTU : 0.03
PS Ratio FRHC : 4.56 FUTU : 0.60
Total Revenue (TTM) FRHC : $2.12B FUTU : $24.01B
Gross Profit (TTM) FRHC : $1.05B FUTU : $21.07B
EBITDA (TTM) FRHC : $542.59M FUTU : $14.81B

Return for Risk

FRHC vs. FUTU — Risk / Return Rank

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

FRHC

FRHC Risk / Return Rank: 36
FRHC Sharpe Ratio Rank: 38
FRHC Sortino Ratio Rank: 34
FRHC Omega Ratio Rank: 34
FRHC Calmar Ratio Rank: 36
FRHC Martin Ratio Rank: 37

FUTU

FUTU Risk / Return Rank: 40
FUTU Sharpe Ratio Rank: 40
FUTU Sortino Ratio Rank: 40
FUTU Omega Ratio Rank: 41
FUTU Calmar Ratio Rank: 40
FUTU Martin Ratio Rank: 40

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.

FRHC vs. FUTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom Holding Corp. (FRHC) and Futu Holdings Limited (FUTU). 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	FUTU	Difference
Sharpe ratio Return per unit of total volatility	-0.04	-0.00	-0.04
Sortino ratio Return per unit of downside risk	0.21	0.46	-0.25
Omega ratio Gain probability vs. loss probability	1.02	1.06	-0.04
Calmar ratio Return relative to maximum drawdown	-0.12	0.03	-0.15
Martin ratio Return relative to average drawdown	-0.21	0.09	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRHC vs. FUTU - Sharpe Ratio Comparison

The current FRHC Sharpe Ratio is -0.04, which is lower than the FUTU Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of FRHC and FUTU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRHC	FUTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	-0.00	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	-0.08	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.41	+0.99

Drawdowns

FRHC vs. FUTU - Drawdown Comparison

The maximum FRHC drawdown since its inception was -45.93%, smaller than the maximum FUTU drawdown of -87.23%. Use the drawdown chart below to compare losses from any high point for FRHC and FUTU.

Drawdown Indicators

	FRHC	FUTU	Difference
Max Drawdown Largest peak-to-trough decline	-45.93%	-87.23%	+41.30%
Max Drawdown (1Y) Largest decline over 1 year	-41.08%	-54.18%	+13.10%
Max Drawdown (3Y) Largest decline over 3 years	-41.08%	-54.18%	+13.10%
Max Drawdown (5Y) Largest decline over 5 years	-45.93%	-86.42%	+40.49%
Current Drawdown Current decline from peak	-16.99%	-47.95%	+30.96%
Average Drawdown Average peak-to-trough decline	-11.67%	-47.54%	+35.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.06%	18.42%	+4.64%

Volatility

FRHC vs. FUTU - Volatility Comparison

The current volatility for Freedom Holding Corp. (FRHC) is 10.52%, while Futu Holdings Limited (FUTU) has a volatility of 41.96%. This indicates that FRHC experiences smaller price fluctuations and is considered to be less risky than FUTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRHC	FUTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.52%	41.96%	-31.44%
Volatility (6M) Calculated over the trailing 6-month period	27.05%	50.46%	-23.41%
Volatility (1Y) Calculated over the trailing 1-year period	38.82%	63.55%	-24.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.87%	72.81%	-34.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.71%	75.27%	-27.56%

Dividends

FRHC vs. FUTU - Dividend Comparison

FRHC has not paid dividends to shareholders, while FUTU's dividend yield for the trailing twelve months is around 2.55%.

Position	TTM	2025	2024
FRHC Freedom Holding Corp.	0.00%	0.00%	0.00%
FUTU Futu Holdings Limited	2.55%	0.00%	2.50%

Financials

FRHC vs. FUTU - Profitability Comparison

The chart below illustrates the profitability comparison between Freedom Holding Corp. and Futu Holdings Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

FUTU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Futu Holdings Limited reported a gross profit of 5.11B and revenue of 5.86B. Therefore, the gross margin over that period was 87.2%.

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%.

FUTU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Futu Holdings Limited reported an operating income of 3.53B and revenue of 5.86B, resulting in an operating margin of 60.3%.

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%.

FUTU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Futu Holdings Limited reported a net income of 850.55M and revenue of 5.86B, resulting in a net margin of 14.5%.

Frequently Asked Questions

Can I hold both FRHC and FUTU in my portfolio?

FRHC and FUTU have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRHC or FUTU?

FUTU has higher volatility (41.96%) compared to FRHC (10.52%). In terms of maximum drawdown, FRHC dropped -45.93% vs FUTU's -87.23%.

Which has better risk-adjusted returns?

FUTU currently has the higher Sharpe Ratio (-0.00 vs -0.04), 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.