FRD vs PETZ: Correlation
Friedman Industries Inc. (FRD) and TDH Holdings, Inc. (PETZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRD and PETZ?
On 3 years of weekly data the FRD/PETZ correlation comes out at 0.32, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.32). The 5-year figure is 0.18, and annualized covariance runs at 949.9 %².
Out of 12 assets tracked against FRD, PETZ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with FRD ahead by 110.4 points (+137.8% versus +27.4%).
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.
FRD vs PETZ: side by side
| FRD (Friedman Industries Inc.) | PETZ (TDH Holdings, Inc.) | |
|---|---|---|
| 1-year return | +137.8% | +27.4% |
| 5-year return | +282.9% | -97.2% |
| Volatility (ann.) | 50.1% | 58.5% |
| Beta vs S&P 500 | 1.10 | 0.40 |
| Max drawdown (3Y) | -34.6% | -51.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.7 | 6.9 |
| Dividend yield | 0.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRD | PETZ |
|---|---|---|
| 2022 | +5.3% | -98.0% |
| 2023 | +59.0% | -25.8% |
| 2024 | -0.3% | +8.7% |
| 2025 | +35.3% | -27.2% |
| 2026 | +120.0% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRD and PETZ good diversifiers for each other?
Reasonably. At 0.32, FRD and PETZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRD and PETZ?
As of 2026-08-27, the correlation of weekly returns between FRD and PETZ is 0.32 over 3 years, 0.58 over 1 year and 0.18 over 5 years.
Is PETZ a good diversifier for FRD?
Reasonably. At 0.32, FRD and PETZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/frd-vs-petz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frd-vs-petz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRD correlations · PETZ correlations
