FRHC vs HOOD: Correlation
Freedom Holding Corp. (FRHC) and Robinhood Markets (HOOD) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRHC and HOOD?
Over the past 3 years, FRHC and HOOD moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1081.8 %².
In FRHC's tracked universe of 12 assets, HOOD sits right near the top at #2. Over the last 12 months HOOD came out ahead by 8.5 percentage points (-1.9% against +6.6%). Risk is not evenly split, since HOOD carries 1.8 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.
FRHC vs HOOD: side by side
| FRHC (Freedom Holding Corp.) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | -1.9% | +6.6% |
| 5-year return | +163.7% | +151.5% |
| Volatility (ann.) | 39.9% | 71.4% |
| Beta vs S&P 500 | 0.87 | 2.88 |
| Max drawdown (3Y) | -41.1% | -57.3% |
| Market cap | $10.9B | $98.7B |
| P/E (trailing) | 71.1 | 48.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FRHC | HOOD |
|---|---|---|
| 2022 | -16.0% | -54.2% |
| 2023 | +38.4% | +56.5% |
| 2024 | +62.1% | +192.5% |
| 2025 | -6.9% | +203.5% |
| 2026 | +40.3% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRHC and HOOD good diversifiers for each other?
Reasonably. At 0.38, FRHC and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRHC and HOOD?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.37 over the last year and 0.39 over 5 years.
Is HOOD a good diversifier for FRHC?
Reasonably. At 0.38, FRHC and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frhc-vs-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frhc-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRHC correlations · HOOD correlations
