FRPH vs GNE: Correlation
FRP Holdings, Inc. (FRPH) and Genie Energy Ltd. (GNE) 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 FRPH and GNE?
On 3 years of weekly data the FRPH/GNE correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.32 over 3. The 5-year figure is 0.24, and annualized covariance runs at 241.7 %².
Among the 11 assets we track against FRPH, GNE ranks #6 by 3-year correlation. On 12-month performance GNE holds a 14.6-point edge, -13.9% against +0.7%. Note the risk asymmetry: GNE runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FRPH vs GNE: side by side
| FRPH (FRP Holdings, Inc.) | GNE (Genie Energy Ltd.) | |
|---|---|---|
| 1-year return | -13.9% | +0.7% |
| 5-year return | -22.9% | +155.5% |
| Volatility (ann.) | 20.1% | 37.4% |
| Beta vs S&P 500 | 0.38 | 0.18 |
| Max drawdown (3Y) | -36.2% | -55.5% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 2223.0 | 13.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRPH | GNE |
|---|---|---|
| 2022 | -6.8% | +95.3% |
| 2023 | +16.7% | +177.3% |
| 2024 | -2.6% | -43.6% |
| 2025 | -25.6% | -9.9% |
| 2026 | -2.5% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRPH and GNE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRPH and GNE?
The FRPH/GNE correlation stands at 0.32 on a 3-year window (1 year: 0.39, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is GNE a good diversifier for FRPH?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/frph-vs-gne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frph-vs-gne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRPH correlations · GNE correlations
