FROG vs QQQ: Correlation
Measured on weekly returns over the past three years, JFrog Ltd. (FROG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FROG and QQQ?
Over the past 3 years, FROG and QQQ moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.33 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 366.8 %².
Within FROG's tracked universe of 15 assets, QQQ comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FROG ahead by 86.0 points (+112.3% versus +26.3%). Risk is not evenly split, since FROG carries 2.9 times the volatility of the other side.
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 QQQ: side by side
| FROG (JFrog Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +112.3% | +26.3% |
| 5-year return | +167.6% | +95.4% |
| Volatility (ann.) | 56.8% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -49.6% | -22.8% |
| Market cap | $12.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | FROG | QQQ |
|---|---|---|
| 2022 | -28.2% | -32.6% |
| 2023 | +62.3% | +54.9% |
| 2024 | -15.0% | +25.6% |
| 2025 | +112.4% | +20.8% |
| 2026 | +66.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FROG and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FROG and QQQ?
As of 2026-08-27, the correlation of weekly returns between FROG and QQQ is 0.33 over 3 years, 0.19 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for FROG?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
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Related comparisons
Hubs: FROG correlations · QQQ correlations
