FROG vs PGNY: Correlation
How closely do JFrog Ltd. (FROG) and Progyny, Inc. (PGNY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FROG and PGNY?
Across a 3-year window, the weekly returns of FROG and PGNY correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 1142.2 %².
By 3-year correlation, PGNY places #8 of the 15 assets tracked against FROG. Their recent paths diverged sharply: over the last 12 months FROG outperformed by 100.0 percentage points (+112.3% for FROG against +12.3% for PGNY).
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 PGNY: side by side
| FROG (JFrog Ltd.) | PGNY (Progyny, Inc.) | |
|---|---|---|
| 1-year return | +112.3% | +12.3% |
| 5-year return | +167.6% | -53.1% |
| Volatility (ann.) | 56.8% | 48.9% |
| Beta vs S&P 500 | 1.24 | 0.64 |
| Max drawdown (3Y) | -49.6% | -67.2% |
| Market cap | $12.8B | $2.0B |
| P/E (trailing) | – | 28.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FROG | PGNY |
|---|---|---|
| 2022 | -28.2% | -38.1% |
| 2023 | +62.3% | +19.4% |
| 2024 | -15.0% | -53.6% |
| 2025 | +112.4% | +48.9% |
| 2026 | +66.6% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FROG and PGNY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FROG and PGNY?
The FROG/PGNY correlation stands at 0.41 on a 3-year window (1 year: 0.46, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PGNY a good diversifier for FROG?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FROG correlations · PGNY correlations
