FRSH vs QLYS: Correlation
Freshworks Inc. (FRSH) and Qualys, Inc. (QLYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and QLYS?
On 3 years of weekly data the FRSH/QLYS correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1234.0 %².
Among the 28 assets we track against FRSH, QLYS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QLYS ahead by 39.4 points (+0.6% versus +40.0%).
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.
FRSH vs QLYS: side by side
| FRSH (Freshworks Inc.) | QLYS (Qualys, Inc.) | |
|---|---|---|
| 1-year return | +0.6% | +40.0% |
| 5-year return | -71.2% | +62.5% |
| Volatility (ann.) | 48.9% | 43.5% |
| Beta vs S&P 500 | 1.46 | 1.09 |
| Max drawdown (3Y) | -71.9% | -63.0% |
| Market cap | $3.6B | $6.5B |
| P/E (trailing) | 20.4 | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRSH | QLYS |
|---|---|---|
| 2022 | -44.0% | -18.2% |
| 2023 | +59.7% | +74.9% |
| 2024 | -31.2% | -28.6% |
| 2025 | -24.2% | -5.2% |
| 2026 | +11.8% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and QLYS good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FRSH and QLYS?
As of 2026-08-27, the correlation of weekly returns between FRSH and QLYS is 0.58 over 3 years, 0.50 over 1 year and 0.56 over 5 years.
Is QLYS a good diversifier for FRSH?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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/frsh-vs-qlys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frsh-vs-qlys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRSH correlations · QLYS correlations
