DOCN vs FROG: Correlation
How closely do DigitalOcean Holdings, Inc. (DOCN) 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 DOCN and FROG?
Over the past 3 years, DOCN and FROG moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1752.8 %².
Among the 16 assets we track against DOCN, FROG ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOCN ahead by 163.7 points (+276.0% versus +112.3%).
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.
DOCN vs FROG: side by side
| DOCN (DigitalOcean Holdings, Inc.) | FROG (JFrog Ltd.) | |
|---|---|---|
| 1-year return | +276.0% | +112.3% |
| 5-year return | +95.5% | +167.6% |
| Volatility (ann.) | 64.8% | 56.8% |
| Beta vs S&P 500 | 1.71 | 1.24 |
| Max drawdown (3Y) | -44.9% | -49.6% |
| Market cap | $14.3B | $12.8B |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCN | FROG |
|---|---|---|
| 2022 | -68.3% | -28.2% |
| 2023 | +44.1% | +62.3% |
| 2024 | -7.1% | -15.0% |
| 2025 | +41.2% | +112.4% |
| 2026 | +152.9% | +66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCN and FROG good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOCN and FROG?
As of 2026-08-27, the correlation of weekly returns between DOCN and FROG is 0.48 over 3 years, 0.57 over 1 year and 0.49 over 5 years.
Is FROG a good diversifier for DOCN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: DOCN correlations · FROG correlations
