SRL vs. FRD

Last updated Jun 4, 2026

SRL (Scully Royalty Ltd.) and FRD (Friedman Industries, Incorporated) are both stocks. SRL operates in Capital Markets (Financial Services), while FRD operates in Steel (Basic Materials). Over the past 10 years, SRL returned -1.75%/yr vs 16.41%/yr for FRD. At a 0.11 correlation, their price movements are largely independent.

Performance

SRL vs. FRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scully Royalty Ltd. (SRL) and Friedman Industries, Incorporated (FRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRL achieves a -28.36% return, which is significantly lower than FRD's 17.06% return. Over the past 10 years, SRL has underperformed FRD with an annualized return of -1.75%, while FRD has yielded a comparatively higher 16.41% annualized return.

SRL

• 1D: 0.00%
• 1M: -11.10%
• YTD: -28.36%
• 6M: 4.88%
• 1Y: -5.99%
• 3Y*: -3.86%
• 5Y*: -10.27%
• 10Y*: -1.75%

FRD

• 1D: -2.01%
• 1M: 16.76%
• YTD: 17.06%
• 6M: 22.44%
• 1Y: 43.34%
• 3Y*: 36.19%
• 5Y*: 12.13%
• 10Y*: 16.41%

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

SRL vs. FRD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRL Scully Royalty Ltd.	-28.36%	-4.53%	51.64%	-19.10%	-4.52%	93.31%	-60.08%	138.46%	-33.25%	-20.10%
FRD Friedman Industries, Incorporated	17.06%	35.33%	-0.26%	58.98%	5.34%	37.91%	15.73%	-12.71%	26.02%	-14.17%

Correlation

The correlation between SRL and FRD is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001	0.11

Fundamentals

EPS SRL : -$1.46 FRD : $3.57
PS Ratio SRL : 1.44 FRD : 0.19
Total Revenue (TTM) SRL : $63.50M FRD : $584.35M
Gross Profit (TTM) SRL : $37.63M FRD : $38.95M
EBITDA (TTM) SRL : -$3.39M FRD : $26.21M

Return for Risk

SRL vs. FRD — Risk / Return Rank

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

SRL

SRL Risk / Return Rank: 36
SRL Sharpe Ratio Rank: 37
SRL Sortino Ratio Rank: 38
SRL Omega Ratio Rank: 36
SRL Calmar Ratio Rank: 36
SRL Martin Ratio Rank: 35

FRD

FRD Risk / Return Rank: 70
FRD Sharpe Ratio Rank: 71
FRD Sortino Ratio Rank: 69
FRD Omega Ratio Rank: 65
FRD Calmar Ratio Rank: 72
FRD Martin Ratio Rank: 70

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.

SRL vs. FRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scully Royalty Ltd. (SRL) and Friedman Industries, Incorporated (FRD). 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.

	SRL	FRD	Difference
Sharpe ratio Return per unit of total volatility	-0.10	0.98	-1.08
Sortino ratio Return per unit of downside risk	0.31	1.68	-1.37
Omega ratio Gain probability vs. loss probability	1.04	1.20	-0.16
Calmar ratio Return relative to maximum drawdown	-0.15	1.76	-1.91
Martin ratio Return relative to average drawdown	-0.34	3.77	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRL vs. FRD - Sharpe Ratio Comparison

The current SRL Sharpe Ratio is -0.10, which is lower than the FRD Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of SRL and FRD, 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

	SRL	FRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	0.98	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.23	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	0.34	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.23	-0.27

Drawdowns

SRL vs. FRD - Drawdown Comparison

The maximum SRL drawdown since its inception was -97.54%, which is greater than FRD's maximum drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for SRL and FRD.

Drawdown Indicators

	SRL	FRD	Difference
Max Drawdown Largest peak-to-trough decline	-97.54%	-71.00%	-26.54%
Max Drawdown (1Y) Largest decline over 1 year	-39.60%	-24.77%	-14.83%
Max Drawdown (3Y) Largest decline over 3 years	-46.06%	-46.49%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-69.26%	-53.55%	-15.71%
Max Drawdown (10Y) Largest decline over 10 years	-75.87%	-65.09%	-10.78%
Current Drawdown Current decline from peak	-94.95%	-2.01%	-92.94%
Average Drawdown Average peak-to-trough decline	-66.29%	-34.73%	-31.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.01%	11.53%	+6.48%

Volatility

SRL vs. FRD - Volatility Comparison

The current volatility for Scully Royalty Ltd. (SRL) is 7.03%, while Friedman Industries, Incorporated (FRD) has a volatility of 13.00%. This indicates that SRL experiences smaller price fluctuations and is considered to be less risky than FRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRL	FRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	13.00%	-5.97%
Volatility (6M) Calculated over the trailing 6-month period	43.05%	28.11%	+14.94%
Volatility (1Y) Calculated over the trailing 1-year period	57.93%	44.53%	+13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.99%	52.31%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	48.59%	+5.06%

Dividends

SRL vs. FRD - Dividend Comparison

SRL has not paid dividends to shareholders, while FRD's dividend yield for the trailing twelve months is around 0.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRD Friedman Industries, Incorporated	0.67%	0.78%	0.92%	0.52%	0.82%	0.85%	1.17%	2.66%	1.70%	0.70%	0.60%	0.90%
SRL Scully Royalty Ltd.	0.00%	3.04%	0.00%	2.79%	11.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SRL and FRD in my portfolio?

SRL and FRD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRL or FRD?

FRD has higher volatility (13.00%) compared to SRL (7.03%). In terms of maximum drawdown, SRL dropped -97.54% vs FRD's -71.00%.

Which has better risk-adjusted returns?

FRD currently has the higher Sharpe Ratio (0.98 vs -0.10), 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.