HSBK.L vs. FRHC

Last updated Apr 1, 2026

Compare and contrast key facts about Halyk Bank AO DRC (HSBK.L) and Freedom Holding Corp. (FRHC).

Performance

HSBK.L vs. FRHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Halyk Bank AO DRC (HSBK.L) and Freedom Holding Corp. (FRHC). The values are adjusted to include any dividend payments, if applicable.

HSBK.L vs. FRHC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSBK.L Halyk Bank AO DRC	6.17%	77.45%	51.23%	62.42%	-25.33%	59.75%	0.65%	41.79%	11.49%	10.39%
FRHC Freedom Holding Corp.	19.07%	-6.89%	62.15%	38.44%	-16.02%	35.12%	252.89%	76.03%	29.87%	227.84%

Fundamentals

EPS HSBK.L : $3.78K FRHC : $0.07
PE Ratio HSBK.L : 0.01 FRHC : 2.22K
PEG Ratio HSBK.L : 0.00 FRHC : 194.38
PS Ratio HSBK.L : 0.00 FRHC : 2.77
Total Revenue (TTM) HSBK.L : $3.38T FRHC : $2.13B
Gross Profit (TTM) HSBK.L : $1.86T FRHC : $1.29B
EBITDA (TTM) HSBK.L : $1.27T FRHC : $358.18M

Returns By Period

In the year-to-date period, HSBK.L achieves a 6.17% return, which is significantly lower than FRHC's 19.07% return.

HSBK.L

• 1D: -2.29%
• 1M: -4.18%
• YTD: 6.17%
• 6M: 20.37%
• 1Y: 48.57%
• 3Y*: 64.40%
• 5Y*: 35.46%
• 10Y*: 35.37%

FRHC

• 1D: 2.92%
• 1M: 20.56%
• YTD: 19.07%
• 6M: -15.83%
• 1Y: 9.62%
• 3Y*: 26.33%
• 5Y*: 20.68%
• 10Y*: —

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

Return for Risk

HSBK.L vs. FRHC — Risk / Return Rank

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

HSBK.L

HSBK.L Risk / Return Rank: 86
HSBK.L Sharpe Ratio Rank: 86
HSBK.L Sortino Ratio Rank: 85
HSBK.L Omega Ratio Rank: 87
HSBK.L Calmar Ratio Rank: 83
HSBK.L Martin Ratio Rank: 91

FRHC

FRHC Risk / Return Rank: 48
FRHC Sharpe Ratio Rank: 51
FRHC Sortino Ratio Rank: 46
FRHC Omega Ratio Rank: 44
FRHC Calmar Ratio Rank: 49
FRHC Martin Ratio Rank: 48

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.

HSBK.L vs. FRHC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Halyk Bank AO DRC (HSBK.L) and Freedom Holding Corp. (FRHC). 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.

	HSBK.L	FRHC	Difference
Sharpe ratio Return per unit of total volatility	1.54	0.23	+1.31
Sortino ratio Return per unit of downside risk	2.38	0.63	+1.75
Omega ratio Gain probability vs. loss probability	1.34	1.07	+0.27
Calmar ratio Return relative to maximum drawdown	2.55	0.25	+2.30
Martin ratio Return relative to average drawdown	10.92	0.45	+10.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSBK.L vs. FRHC - Sharpe Ratio Comparison

The current HSBK.L Sharpe Ratio is 1.54, which is higher than the FRHC Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of HSBK.L and FRHC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HSBK.L	FRHC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.23	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.55	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	1.39	-1.21

Correlation

The correlation between HSBK.L and FRHC is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HSBK.L vs. FRHC - Dividend Comparison

HSBK.L's dividend yield for the trailing twelve months is around 12.10%, while FRHC has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSBK.L Halyk Bank AO DRC	12.10%	12.85%	15.27%	14.72%	9.72%	9.97%	13.81%	8.32%	7.18%	0.00%	0.00%	13.23%
FRHC Freedom Holding Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HSBK.L vs. FRHC - Drawdown Comparison

The maximum HSBK.L drawdown since its inception was -93.79%, which is greater than FRHC's maximum drawdown of -45.93%. Use the drawdown chart below to compare losses from any high point for HSBK.L and FRHC.

Drawdown Indicators

	HSBK.L	FRHC	Difference
Max Drawdown Largest peak-to-trough decline	-93.79%	-45.93%	-47.86%
Max Drawdown (1Y) Largest decline over 1 year	-19.72%	-41.08%	+21.36%
Max Drawdown (5Y) Largest decline over 5 years	-61.63%	-45.93%	-15.70%
Max Drawdown (10Y) Largest decline over 10 years	-61.63%	—	—
Current Drawdown Current decline from peak	-4.89%	-23.80%	+18.91%
Average Drawdown Average peak-to-trough decline	-46.23%	-11.45%	-34.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	22.17%	-18.10%

Volatility

HSBK.L vs. FRHC - Volatility Comparison

The current volatility for Halyk Bank AO DRC (HSBK.L) is 6.36%, while Freedom Holding Corp. (FRHC) has a volatility of 7.66%. This indicates that HSBK.L experiences smaller price fluctuations and is considered to be less risky than FRHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSBK.L	FRHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	7.66%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	17.30%	24.78%	-7.48%
Volatility (1Y) Calculated over the trailing 1-year period	31.35%	42.24%	-10.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.99%	37.75%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.51%	47.77%	-7.26%

Financials

HSBK.L vs. FRHC - Profitability Comparison

The chart below illustrates the profitability comparison between Halyk Bank AO DRC and Freedom Holding Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HSBK.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported a gross profit of 510.28B and revenue of 1.03T. Therefore, the gross margin over that period was 49.6%.

FRHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Freedom Holding Corp. reported a gross profit of 587.31M and revenue of 628.62M. Therefore, the gross margin over that period was 93.4%.

HSBK.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported an operating income of 305.12B and revenue of 1.03T, resulting in an operating margin of 29.6%.

FRHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Freedom Holding Corp. reported an operating income of 45.77M and revenue of 628.62M, resulting in an operating margin of 7.3%.

HSBK.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Halyk Bank AO DRC reported a net income of 219.43B and revenue of 1.03T, resulting in a net margin of 21.3%.

FRHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Freedom Holding Corp. reported a net income of 76.24M and revenue of 628.62M, resulting in a net margin of 12.1%.