EVC vs FROG: Correlation
How closely do Entravision Communications Corporation (EVC) and JFrog Ltd. (FROG) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and FROG?
Across a 3-year window, the weekly returns of EVC and FROG correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.46 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 2158.4 %².
Few assets follow EVC as closely as FROG, which ranks #3 of 19 tracked partners. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 119.8 percentage points (+232.1% for EVC 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.
EVC vs FROG: side by side
| EVC (Entravision Communications Corporation) | FROG (JFrog Ltd.) | |
|---|---|---|
| 1-year return | +232.1% | +112.3% |
| 5-year return | +53.1% | +167.6% |
| Volatility (ann.) | 82.5% | 56.8% |
| Beta vs S&P 500 | 0.94 | 1.24 |
| Max drawdown (3Y) | -67.4% | -49.6% |
| Market cap | $0.7B | $12.8B |
| P/E (trailing) | 404.5 | – |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | FROG |
|---|---|---|
| 2022 | -27.8% | -28.2% |
| 2023 | -9.2% | +62.3% |
| 2024 | -37.6% | -15.0% |
| 2025 | +35.8% | +112.4% |
| 2026 | +182.3% | +66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and FROG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVC and FROG?
As of 2026-08-27, the correlation of weekly returns between EVC and FROG is 0.46 over 3 years, 0.60 over 1 year and 0.39 over 5 years.
Is FROG a good diversifier for EVC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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: EVC correlations · FROG correlations
