FROG vs GTLB: Correlation
Measured on weekly returns over the past three years, JFrog Ltd. (FROG) and GitLab Inc. (GTLB) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FROG and GTLB?
Across a 3-year window, the weekly returns of FROG and GTLB correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 1483.1 %².
GTLB is one of the assets that tracks FROG most closely: it ranks #2 out of the 15 assets we track against FROG. Their recent paths diverged sharply: over the last 12 months FROG outperformed by 117.5 percentage points (+112.3% for FROG against -5.2% for GTLB).
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.
FROG vs GTLB: side by side
| FROG (JFrog Ltd.) | GTLB (GitLab Inc.) | |
|---|---|---|
| 1-year return | +112.3% | -5.2% |
| 5-year return | +167.6% | -56.9% |
| Volatility (ann.) | 56.8% | 52.0% |
| Beta vs S&P 500 | 1.24 | 1.49 |
| Max drawdown (3Y) | -49.6% | -75.0% |
| Market cap | $12.8B | $7.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FROG | GTLB |
|---|---|---|
| 2022 | -28.2% | -47.8% |
| 2023 | +62.3% | +38.6% |
| 2024 | -15.0% | -10.5% |
| 2025 | +112.4% | -33.4% |
| 2026 | +66.6% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FROG and GTLB good diversifiers for each other?
Only partially. A correlation of 0.50 means FROG and GTLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FROG and GTLB?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.52 over the last year and 0.50 over 5 years.
Is GTLB a good diversifier for FROG?
Only partially. A correlation of 0.50 means FROG and GTLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/frog-vs-gtlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frog-vs-gtlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FROG correlations · GTLB correlations
