CRM vs FRSH: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and Freshworks Inc. (FRSH) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and FRSH?
Over the past 3 years, CRM and FRSH moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1105.5 %².
Among the 68 assets we track against CRM, FRSH ranks #17 by 3-year correlation. Neither side won the trailing year by much: +1.6% against +0.6%.
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.
CRM vs FRSH: side by side
| CRM (Salesforce) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +0.6% |
| 5-year return | -3.2% | -71.2% |
| Volatility (ann.) | 37.6% | 48.9% |
| Beta vs S&P 500 | 1.21 | 1.46 |
| Max drawdown (3Y) | -58.7% | -71.9% |
| Market cap | $207.4B | $3.6B |
| P/E (trailing) | 18.8 | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | FRSH |
|---|---|---|
| 2022 | -47.8% | -44.0% |
| 2023 | +98.5% | +59.7% |
| 2024 | +27.8% | -31.2% |
| 2025 | -20.2% | -24.2% |
| 2026 | -4.4% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and FRSH good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRM and FRSH?
As of 2026-08-27, the correlation of weekly returns between CRM and FRSH is 0.60 over 3 years, 0.68 over 1 year and 0.55 over 5 years.
Is FRSH a good diversifier for CRM?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 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/crm-vs-frsh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-frsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · FRSH correlations
