EXC vs FRSH: Correlation
How closely do Exelon (EXC) and Freshworks Inc. (FRSH) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and FRSH?
Over the past 3 years, EXC and FRSH moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -227.7 %².
Among the 41 assets we track against EXC, FRSH ranks #34 by 3-year correlation. Neither side won the trailing year by much: +1.7% against +0.6%. One caveat on sizing: FRSH is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXC vs FRSH: side by side
| EXC (Exelon) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | +1.7% | +0.6% |
| 5-year return | +48.1% | -71.2% |
| Volatility (ann.) | 19.4% | 48.9% |
| Beta vs S&P 500 | -0.05 | 1.46 |
| Max drawdown (3Y) | -18.9% | -71.9% |
| Market cap | $45.3B | $3.6B |
| P/E (trailing) | 16.3 | 20.4 |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EXC | FRSH |
|---|---|---|
| 2022 | +8.3% | -44.0% |
| 2023 | -14.0% | +59.7% |
| 2024 | +9.2% | -31.2% |
| 2025 | +20.0% | -24.2% |
| 2026 | +2.7% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and FRSH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EXC and FRSH?
The EXC/FRSH correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is FRSH a good diversifier for EXC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exc-vs-frsh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exc-vs-frsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXC correlations · FRSH correlations
