DOCU vs FRSH: Correlation
Measured on weekly returns over the past three years, DocuSign, Inc. (DOCU) and Freshworks Inc. (FRSH) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCU and FRSH?
Over the past 3 years, DOCU and FRSH moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1324.7 %².
By 3-year correlation, FRSH places #4 of the 13 assets tracked against DOCU. The last year tells two different stories: FRSH led by 15.2 percentage points, -14.6% for DOCU against +0.6% for FRSH.
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.
DOCU vs FRSH: side by side
| DOCU (DocuSign, Inc.) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | -14.6% | +0.6% |
| 5-year return | -79.0% | -71.2% |
| Volatility (ann.) | 48.0% | 48.9% |
| Beta vs S&P 500 | 1.22 | 1.46 |
| Max drawdown (3Y) | -61.0% | -71.9% |
| Market cap | $12.2B | $3.6B |
| P/E (trailing) | 41.4 | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCU | FRSH |
|---|---|---|
| 2022 | -63.6% | -44.0% |
| 2023 | +7.3% | +59.7% |
| 2024 | +51.3% | -31.2% |
| 2025 | -23.9% | -24.2% |
| 2026 | -6.7% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCU and FRSH good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOCU and FRSH?
As of 2026-08-27, the correlation of weekly returns between DOCU and FRSH is 0.56 over 3 years, 0.72 over 1 year and 0.57 over 5 years.
Is FRSH a good diversifier for DOCU?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/docu-vs-frsh.json
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Related comparisons
Hubs: DOCU correlations · FRSH correlations
