DDOG vs FROG: Correlation
How closely do Datadog (DDOG) and JFrog Ltd. (FROG) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and FROG?
Over the past 3 years, DDOG and FROG moved with a correlation of 0.48, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.48 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1478.6 %².
Within DDOG's tracked universe of 30 assets, FROG comes in at #16 by 3-year correlation. The last year tells two different stories: FROG led by 27.9 percentage points, +84.4% for DDOG against +112.3% for FROG.
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.
DDOG vs FROG: side by side
| DDOG (Datadog) | FROG (JFrog Ltd.) | |
|---|---|---|
| 1-year return | +84.4% | +112.3% |
| 5-year return | +77.8% | +167.6% |
| Volatility (ann.) | 54.6% | 56.8% |
| Beta vs S&P 500 | 1.37 | 1.24 |
| Max drawdown (3Y) | -48.6% | -49.6% |
| Market cap | $87.2B | $12.8B |
| P/E (trailing) | 458.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | FROG |
|---|---|---|
| 2022 | -58.7% | -28.2% |
| 2023 | +65.1% | +62.3% |
| 2024 | +17.7% | -15.0% |
| 2025 | -4.8% | +112.4% |
| 2026 | +78.6% | +66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and FROG good diversifiers for each other?
Reasonably. At 0.48, DDOG and FROG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DDOG and FROG?
As of 2026-08-27, the correlation of weekly returns between DDOG and FROG is 0.48 over 3 years, 0.64 over 1 year and 0.56 over 5 years.
Is FROG a good diversifier for DDOG?
Reasonably. At 0.48, DDOG and FROG keep a meaningful degree of independence, and combining them has historically reduced portfolio 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: DDOG correlations · FROG correlations
