FRSH vs SPT: Correlation
How closely do Freshworks Inc. (FRSH) and Sprout Social, Inc (SPT) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and SPT?
Over the past 3 years, FRSH and SPT moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1643.3 %².
In FRSH's tracked universe of 28 assets, SPT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with FRSH ahead by 30.2 points (+0.6% versus -29.6%).
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 SPT: side by side
| FRSH (Freshworks Inc.) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | +0.6% | -29.6% |
| 5-year return | -71.2% | -91.0% |
| Volatility (ann.) | 48.9% | 55.5% |
| Beta vs S&P 500 | 1.46 | 1.43 |
| Max drawdown (3Y) | -71.9% | -92.5% |
| Market cap | $3.6B | $0.7B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRSH | SPT |
|---|---|---|
| 2022 | -44.0% | -37.7% |
| 2023 | +59.7% | +8.8% |
| 2024 | -31.2% | -50.0% |
| 2025 | -24.2% | -63.3% |
| 2026 | +11.8% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and SPT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRSH and SPT?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.69 over the last year and 0.57 over 5 years.
Is SPT a good diversifier for FRSH?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frsh-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRSH correlations · SPT correlations
