FROG vs. HUBS

Last updated Apr 2, 2026

Compare and contrast key facts about JFrog Ltd. (FROG) and HubSpot, Inc. (HUBS).

Performance

FROG vs. HUBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JFrog Ltd. (FROG) and HubSpot, Inc. (HUBS). The values are adjusted to include any dividend payments, if applicable.

FROG vs. HUBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FROG JFrog Ltd.	-22.41%	112.38%	-15.02%	62.26%	-28.18%	-52.73%	-3.03%
HUBS HubSpot, Inc.	-39.50%	-42.41%	20.02%	100.79%	-56.14%	66.27%	43.04%

Fundamentals

Market Cap FROG : $5.76B HUBS : $12.76B
EPS FROG : -$0.61 HUBS : $0.87
PS Ratio FROG : 10.67 HUBS : 4.08
PB Ratio FROG : 6.49 HUBS : 6.17
Total Revenue (TTM) FROG : $531.84M HUBS : $3.13B
Gross Profit (TTM) FROG : $405.58M HUBS : $2.62B
EBITDA (TTM) FROG : -$52.77M HUBS : $121.45M

Returns By Period

In the year-to-date period, FROG achieves a -22.41% return, which is significantly higher than HUBS's -39.50% return.

FROG

• 1D: 3.26%
• 1M: 16.55%
• YTD: -22.41%
• 6M: 3.11%
• 1Y: 49.57%
• 3Y*: 34.99%
• 5Y*: 1.58%
• 10Y*: —

HUBS

• 1D: -0.54%
• 1M: -7.89%
• YTD: -39.50%
• 6M: -44.85%
• 1Y: -58.28%
• 3Y*: -17.27%
• 5Y*: -12.95%
• 10Y*: 18.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FROG vs. HUBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FROG

FROG Risk / Return Rank: 67
FROG Sharpe Ratio Rank: 68
FROG Sortino Ratio Rank: 66
FROG Omega Ratio Rank: 68
FROG Calmar Ratio Rank: 63
FROG Martin Ratio Rank: 68

HUBS

HUBS Risk / Return Rank: 6
HUBS Sharpe Ratio Rank: 3
HUBS Sortino Ratio Rank: 4
HUBS Omega Ratio Rank: 5
HUBS Calmar Ratio Rank: 10
HUBS Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FROG vs. HUBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JFrog Ltd. (FROG) and HubSpot, Inc. (HUBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FROG	HUBS	Difference
Sharpe ratio Return per unit of total volatility	0.78	-1.05	+1.83
Sortino ratio Return per unit of downside risk	1.47	-1.63	+3.10
Omega ratio Gain probability vs. loss probability	1.21	0.79	+0.41
Calmar ratio Return relative to maximum drawdown	1.04	-0.84	+1.87
Martin ratio Return relative to average drawdown	3.23	-1.52	+4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FROG vs. HUBS - Sharpe Ratio Comparison

The current FROG Sharpe Ratio is 0.78, which is higher than the HUBS Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of FROG and HUBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FROG	HUBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	-1.05	+1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	-0.25	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.40	-0.49

Correlation

The correlation between FROG and HUBS is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FROG vs. HUBS - Dividend Comparison

Neither FROG nor HUBS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FROG vs. HUBS - Drawdown Comparison

The maximum FROG drawdown since its inception was -80.38%, which is greater than HUBS's maximum drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for FROG and HUBS.

Drawdown Indicators

	FROG	HUBS	Difference
Max Drawdown Largest peak-to-trough decline	-80.38%	-75.43%	-4.95%
Max Drawdown (1Y) Largest decline over 1 year	-49.62%	-68.86%	+19.24%
Max Drawdown (5Y) Largest decline over 5 years	-67.78%	-75.43%	+7.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.43%	—
Current Drawdown Current decline from peak	-43.88%	-71.51%	+27.63%
Average Drawdown Average peak-to-trough decline	-57.57%	-22.30%	-35.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.95%	37.88%	-21.93%

Volatility

FROG vs. HUBS - Volatility Comparison

JFrog Ltd. (FROG) has a higher volatility of 20.38% compared to HubSpot, Inc. (HUBS) at 16.16%. This indicates that FROG's price experiences larger fluctuations and is considered to be riskier than HUBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FROG	HUBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.38%	16.16%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	54.46%	43.98%	+10.48%
Volatility (1Y) Calculated over the trailing 1-year period	63.72%	55.66%	+8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.60%	52.71%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.53%	49.73%	+6.80%

Financials

FROG vs. HUBS - Profitability Comparison

The chart below illustrates the profitability comparison between JFrog Ltd. and HubSpot, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FROG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported a gross profit of 111.56M and revenue of 145.31M. Therefore, the gross margin over that period was 76.8%.

HUBS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HubSpot, Inc. reported a gross profit of 709.05M and revenue of 846.75M. Therefore, the gross margin over that period was 83.7%.

FROG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported an operating income of -19.87M and revenue of 145.31M, resulting in an operating margin of -13.7%.

HUBS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HubSpot, Inc. reported an operating income of 48.24M and revenue of 846.75M, resulting in an operating margin of 5.7%.

FROG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported a net income of -15.21M and revenue of 145.31M, resulting in a net margin of -10.5%.

HUBS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HubSpot, Inc. reported a net income of 54.43M and revenue of 846.75M, resulting in a net margin of 6.4%.