FRHC vs. MUSA
FRHC (Freedom Holding Corp.) and MUSA (Murphy USA Inc.) are both stocks. FRHC operates in Capital Markets (Financial Services), while MUSA operates in Specialty Retail (Consumer Cyclical). Over the past 5 years, FRHC returned 18.64%/yr vs 35.86%/yr for MUSA. At a 0.13 correlation, their price movements are largely independent.
Performance
FRHC vs. MUSA - Performance Comparison
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Returns By Period
In the year-to-date period, FRHC achieves a 13.58% return, which is significantly lower than MUSA's 54.70% return.
FRHC
- 1D
- -1.56%
- 1M
- -2.60%
- YTD
- 13.58%
- 6M
- 1.05%
- 1Y
- -9.27%
- 3Y*
- 18.18%
- 5Y*
- 18.64%
- 10Y*
- —
MUSA
- 1D
- 0.07%
- 1M
- 5.88%
- YTD
- 54.70%
- 6M
- 53.60%
- 1Y
- 50.89%
- 3Y*
- 29.75%
- 5Y*
- 35.86%
- 10Y*
- 24.92%
FRHC vs. MUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRHC Freedom Holding Corp. | 13.58% | -6.89% | 62.15% | 38.44% | -16.02% | 35.12% | 252.89% | 76.03% | 29.87% | 236.51% |
MUSA Murphy USA Inc. | 54.70% | -19.15% | 41.27% | 28.20% | 41.02% | 53.33% | 12.06% | 52.66% | -4.63% | 16.28% |
Correlation
The correlation between FRHC and MUSA is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017 | 0.13 |
The correlation between FRHC and MUSA shifts across timeframes, from -0.06 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FRHC:
$0.04
MUSA:
$28.85
FRHC:
3.17K
MUSA:
21.58
FRHC:
278.17
MUSA:
1.17
FRHC:
3.99
MUSA:
0.61
FRHC:
$2.12B
MUSA:
$19.68B
FRHC:
$1.05B
MUSA:
$487.10M
FRHC:
$542.59M
MUSA:
$1.06B
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Return for Risk
FRHC vs. MUSA — Risk / Return Rank
FRHC
MUSA
FRHC vs. MUSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Holding Corp. (FRHC) and Murphy USA Inc. (MUSA). 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 | MUSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.59 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.40 | 5.33 | -5.73 |
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Drawdowns
FRHC vs. MUSA - Drawdown Comparison
The maximum FRHC drawdown since its inception was -45.93%, which is greater than MUSA's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FRHC and MUSA.
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Drawdown Indicators
| FRHC | MUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.93% | -35.54% | -10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -41.08% | -19.72% | -21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -41.08% | -35.54% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -45.93% | -35.54% | -10.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -27.32% | 0.00% | -27.32% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -9.97% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.29% | 9.58% | +13.71% |
Volatility
FRHC vs. MUSA - Volatility Comparison
Freedom Holding Corp. (FRHC) and Murphy USA Inc. (MUSA) have volatilities of 13.08% and 12.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHC | MUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 12.62% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 28.16% | 30.21% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 39.13% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.95% | 30.42% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.72% | 31.33% | +16.39% |
Dividends
FRHC vs. MUSA - Dividend Comparison
FRHC has not paid dividends to shareholders, while MUSA's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FRHC Freedom Holding Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUSA Murphy USA Inc. | 0.39% | 0.53% | 0.36% | 0.43% | 0.45% | 0.52% | 0.19% |
Financials
FRHC vs. MUSA - Financials Comparison
This section allows you to compare key financial metrics between Freedom Holding Corp. and Murphy USA 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. MUSA - 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%.
MUSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported a gross profit of 0.00 and revenue of 4.82B. Therefore, the gross margin over that period was 0.0%.
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%.
MUSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported an operating income of 205.20M and revenue of 4.82B, resulting in an operating margin of 4.3%.
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%.
MUSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported a net income of 136.30M and revenue of 4.82B, resulting in a net margin of 2.8%.
Frequently Asked Questions
FRHC and MUSA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRHC has higher volatility (13.08%) compared to MUSA (12.62%). In terms of maximum drawdown, FRHC dropped -45.93% vs MUSA's -35.54%.
MUSA currently has the higher Sharpe Ratio (1.31 vs -0.24), 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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