DRCT vs FRAF: Correlation
How closely do Direct Digital Holdings, Inc. (DRCT) and Franklin Financial Services Corporation (FRAF) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and FRAF?
Over the past 3 years, DRCT and FRAF moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.16). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1345.1 %².
Out of 15 assets tracked against DRCT, FRAF lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months FRAF outperformed by 134.4 percentage points (-97.6% for DRCT against +36.8% for FRAF). Risk is not evenly split, since DRCT carries 8.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DRCT vs FRAF: side by side
| DRCT (Direct Digital Holdings, Inc.) | FRAF (Franklin Financial Services Corporation) | |
|---|---|---|
| 1-year return | -97.6% | +36.8% |
| 5-year return | -99.7% | +133.8% |
| Volatility (ann.) | 263.7% | 31.7% |
| Beta vs S&P 500 | 1.38 | 0.22 |
| Max drawdown (3Y) | -100.0% | -25.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 2.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRCT | FRAF |
|---|---|---|
| 2022 | – | +13.5% |
| 2023 | +513.6% | -8.8% |
| 2024 | -89.3% | -1.4% |
| 2025 | -96.0% | +73.5% |
| 2026 | -83.6% | +25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and FRAF good diversifiers for each other?
Yes. With a correlation of -0.16, DRCT and FRAF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DRCT and FRAF?
As of 2026-08-27, the correlation of weekly returns between DRCT and FRAF is -0.16 over 3 years, -0.38 over 1 year and -0.14 over 5 years.
Is FRAF a good diversifier for DRCT?
Yes. With a correlation of -0.16, DRCT and FRAF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drct-vs-fraf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drct-vs-fraf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRCT correlations · FRAF correlations
