FRSH vs WEAV: Correlation
Freshworks Inc. (FRSH) and Weave Communications, Inc. (WEAV) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and WEAV?
Across a 3-year window, the weekly returns of FRSH and WEAV correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 1528.1 %².
Among the 28 assets we track against FRSH, WEAV ranks #12 by 3-year correlation. Over the last 12 months FRSH came out ahead by 6.4 percentage points (+0.6% against -5.8%).
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 WEAV: side by side
| FRSH (Freshworks Inc.) | WEAV (Weave Communications, Inc.) | |
|---|---|---|
| 1-year return | +0.6% | -5.8% |
| 5-year return | -71.2% | -61.1% |
| Volatility (ann.) | 48.9% | 58.9% |
| Beta vs S&P 500 | 1.46 | 1.62 |
| Max drawdown (3Y) | -71.9% | -74.9% |
| Market cap | $3.6B | $0.6B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRSH | WEAV |
|---|---|---|
| 2022 | -44.0% | -69.8% |
| 2023 | +59.7% | +150.4% |
| 2024 | -31.2% | +38.8% |
| 2025 | -24.2% | -52.3% |
| 2026 | +11.8% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and WEAV good diversifiers for each other?
Only partially. A correlation of 0.53 means FRSH and WEAV 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 FRSH and WEAV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.49 over the last year and 0.45 over 5 years.
Is WEAV a good diversifier for FRSH?
Only partially. A correlation of 0.53 means FRSH and WEAV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/frsh-vs-weav.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frsh-vs-weav/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRSH correlations · WEAV correlations
