AGM vs FROG: Correlation
Federal Agricultural Mortgage Corporation (AGM) and JFrog Ltd. (FROG) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and FROG?
Over the past 3 years, AGM and FROG moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 818.5 %².
Among the 16 assets we track against AGM, FROG ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FROG ahead by 100.9 points (+11.4% versus +112.3%). One caveat on sizing: FROG is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGM vs FROG: side by side
| AGM (Federal Agricultural Mortgage Corporation) | FROG (JFrog Ltd.) | |
|---|---|---|
| 1-year return | +11.4% | +112.3% |
| 5-year return | +167.7% | +167.6% |
| Volatility (ann.) | 30.2% | 56.8% |
| Beta vs S&P 500 | 0.85 | 1.24 |
| Max drawdown (3Y) | -32.5% | -49.6% |
| Market cap | $2.4B | $12.8B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | FROG |
|---|---|---|
| 2022 | -5.8% | -28.2% |
| 2023 | +74.6% | +62.3% |
| 2024 | +6.1% | -15.0% |
| 2025 | -8.0% | +112.4% |
| 2026 | +29.3% | +66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and FROG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGM and FROG?
As of 2026-08-27, the correlation of weekly returns between AGM and FROG is 0.48 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is FROG a good diversifier for AGM?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGM correlations · FROG correlations
