EXPE vs FRSH: Correlation
How closely do Expedia Group (EXPE) and Freshworks Inc. (FRSH) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and FRSH?
Across a 3-year window, the weekly returns of EXPE and FRSH correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 1088.7 %².
Within EXPE's tracked universe of 33 assets, FRSH comes in at #5 by 3-year correlation. The last year tells two different stories: EXPE led by 50.9 percentage points, +51.5% for EXPE 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.
EXPE vs FRSH: side by side
| EXPE (Expedia Group) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | +51.5% | +0.6% |
| 5-year return | +123.9% | -71.2% |
| Volatility (ann.) | 42.7% | 48.9% |
| Beta vs S&P 500 | 1.33 | 1.46 |
| Max drawdown (3Y) | -37.4% | -71.9% |
| Market cap | $38.3B | $3.6B |
| P/E (trailing) | 21.0 | 20.4 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EXPE | FRSH |
|---|---|---|
| 2022 | -51.5% | -44.0% |
| 2023 | +73.3% | +59.7% |
| 2024 | +22.8% | -31.2% |
| 2025 | +53.3% | -24.2% |
| 2026 | +13.1% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and FRSH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXPE and FRSH?
The EXPE/FRSH correlation stands at 0.52 on a 3-year window (1 year: 0.59, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is FRSH a good diversifier for EXPE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/expe-vs-frsh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/expe-vs-frsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXPE correlations · FRSH correlations
