IESC vs. FRHC
IESC (IES Holdings, Inc.) and FRHC (Freedom Holding Corp.) are both stocks. IESC operates in Engineering & Construction (Industrials), while FRHC operates in Capital Markets (Financial Services). Over the past 5 years, IESC returned 69.06%/yr vs 20.31%/yr for FRHC. At a 0.24 correlation, their price movements are largely independent.
Performance
IESC vs. FRHC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IESC achieves a 88.91% return, which is significantly higher than FRHC's 16.71% return.
IESC
- 1D
- 1.97%
- 1M
- 10.23%
- YTD
- 88.91%
- 6M
- 66.06%
- 1Y
- 162.49%
- 3Y*
- 140.27%
- 5Y*
- 69.06%
- 10Y*
- 48.95%
FRHC
- 1D
- -4.38%
- 1M
- 1.57%
- YTD
- 16.71%
- 6M
- 7.60%
- 1Y
- -8.93%
- 3Y*
- 20.31%
- 5Y*
- 20.31%
- 10Y*
- —
IESC vs. FRHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESC IES Holdings, Inc. | 88.91% | 93.58% | 153.67% | 122.72% | -29.76% | 9.99% | 79.42% | 65.02% | -9.86% | -4.17% |
FRHC Freedom Holding Corp. | 16.71% | -6.89% | 62.15% | 38.44% | -16.02% | 35.12% | 252.89% | 76.03% | 29.87% | 227.84% |
Correlation
The correlation between IESC and FRHC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2017 | 0.24 |
Fundamentals
IESC:
$18.85
FRHC:
$0.04
IESC:
38.98
FRHC:
3.26K
IESC:
0.47
FRHC:
285.83
IESC:
4.08
FRHC:
4.10
IESC:
$3.63B
FRHC:
$2.12B
IESC:
$931.31M
FRHC:
$1.05B
IESC:
$487.14M
FRHC:
$542.59M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IESC vs. FRHC — Risk / Return Rank
IESC
FRHC
IESC vs. FRHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IES Holdings, Inc. (IESC) 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.
| IESC | FRHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.99 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 7.50 | -0.22 | +7.72 |
| Martin ratioReturn relative to average drawdown | 21.33 | -0.39 | +21.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IESC | FRHC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | -0.23 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.29 | 0.54 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.35 | -1.29 |
Drawdowns
IESC vs. FRHC - Drawdown Comparison
The maximum IESC drawdown since its inception was -98.32%, which is greater than FRHC's maximum drawdown of -45.93%. Use the drawdown chart below to compare losses from any high point for IESC and FRHC.
Loading charts...
Drawdown Indicators
| IESC | FRHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.32% | -45.93% | -52.39% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -41.08% | +19.28% |
Max Drawdown (3Y)Largest decline over 3 years | -49.23% | -41.08% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -54.22% | -45.93% | -8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -25.31% | +24.34% |
Average DrawdownAverage peak-to-trough decline | -55.01% | -11.68% | -43.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 23.11% | -15.45% |
Volatility
IESC vs. FRHC - Volatility Comparison
The current volatility for IES Holdings, Inc. (IESC) is 11.77%, while Freedom Holding Corp. (FRHC) has a volatility of 12.91%. This indicates that IESC 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.
Loading charts...
Volatility by Period
| IESC | FRHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 12.91% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 49.79% | 28.22% | +21.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.06% | 39.37% | +22.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.94% | 38.00% | +15.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.10% | 47.75% | +0.35% |
Dividends
IESC vs. FRHC - Dividend Comparison
Neither IESC nor FRHC has paid dividends to shareholders.
Financials
IESC vs. FRHC - Financials Comparison
This section allows you to compare key financial metrics between IES Holdings, Inc. and Freedom Holding 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
IESC vs. FRHC - Profitability Comparison
IESC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a gross profit of 238.70M and revenue of 974.20M. Therefore, the gross margin over that period was 24.5%.
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%.
IESC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported an operating income of 112.30M and revenue of 974.20M, resulting in an operating margin of 11.5%.
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%.
IESC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a net income of 110.00M and revenue of 974.20M, resulting in a net margin of 11.3%.
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%.
Frequently Asked Questions
IESC and FRHC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRHC has higher volatility (12.91%) compared to IESC (11.77%). In terms of maximum drawdown, IESC dropped -98.32% vs FRHC's -45.93%.
IESC currently has the higher Sharpe Ratio (2.64 vs -0.23), 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.
Find the right allocation for IESC and FRHC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer