SMWB vs. FROG

Last updated Apr 1, 2026

Compare and contrast key facts about Similarweb Ltd. (SMWB) and JFrog Ltd. (FROG).

Performance

SMWB vs. FROG - Performance Comparison

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

SMWB vs. FROG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SMWB Similarweb Ltd.	-65.15%	-47.14%	165.85%	-17.11%	-64.10%	-18.11%
FROG JFrog Ltd.	-24.86%	112.38%	-15.02%	62.26%	-28.18%	-18.20%

Fundamentals

Market Cap SMWB : $226.06M FROG : $5.57B
EPS SMWB : -$0.39 FROG : -$0.61
PS Ratio SMWB : 0.79 FROG : 10.33
PB Ratio SMWB : 9.69 FROG : 6.28
Total Revenue (TTM) SMWB : $282.60M FROG : $531.84M
Gross Profit (TTM) SMWB : $224.74M FROG : $405.58M
EBITDA (TTM) SMWB : -$21.38M FROG : -$52.77M

Returns By Period

In the year-to-date period, SMWB achieves a -65.15% return, which is significantly lower than FROG's -24.86% return.

SMWB

• 1D: 5.24%
• 1M: 0.77%
• YTD: -65.15%
• 6M: -71.94%
• 1Y: -68.44%
• 3Y*: -27.18%
• 5Y*: —
• 10Y*: —

FROG

• 1D: 9.75%
• 1M: 16.89%
• YTD: -24.86%
• 6M: -0.85%
• 1Y: 46.66%
• 3Y*: 33.56%
• 5Y*: 0.93%
• 10Y*: —

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

Return for Risk

SMWB vs. FROG — Risk / Return Rank

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

SMWB

SMWB Risk / Return Rank: 4
SMWB Sharpe Ratio Rank: 4
SMWB Sortino Ratio Rank: 4
SMWB Omega Ratio Rank: 4
SMWB Calmar Ratio Rank: 8
SMWB Martin Ratio Rank: 1

FROG

FROG Risk / Return Rank: 66
FROG Sharpe Ratio Rank: 67
FROG Sortino Ratio Rank: 67
FROG Omega Ratio Rank: 68
FROG Calmar Ratio Rank: 62
FROG Martin Ratio Rank: 68

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.

SMWB vs. FROG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Similarweb Ltd. (SMWB) and JFrog Ltd. (FROG). 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.

	SMWB	FROG	Difference
Sharpe ratio Return per unit of total volatility	-1.04	0.74	-1.77
Sortino ratio Return per unit of downside risk	-1.70	1.42	-3.12
Omega ratio Gain probability vs. loss probability	0.76	1.20	-0.43
Calmar ratio Return relative to maximum drawdown	-0.90	0.94	-1.84
Martin ratio Return relative to average drawdown	-2.05	2.95	-5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMWB vs. FROG - Sharpe Ratio Comparison

The current SMWB Sharpe Ratio is -1.04, which is lower than the FROG Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of SMWB and FROG, 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

	SMWB	FROG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.04	0.74	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	-0.10	-0.45

Correlation

The correlation between SMWB and FROG is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SMWB vs. FROG - Dividend Comparison

Neither SMWB nor FROG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SMWB vs. FROG - Drawdown Comparison

The maximum SMWB drawdown since its inception was -89.98%, which is greater than FROG's maximum drawdown of -80.38%. Use the drawdown chart below to compare losses from any high point for SMWB and FROG.

Drawdown Indicators

	SMWB	FROG	Difference
Max Drawdown Largest peak-to-trough decline	-89.98%	-80.38%	-9.60%
Max Drawdown (1Y) Largest decline over 1 year	-76.15%	-49.62%	-26.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-67.78%	—
Current Drawdown Current decline from peak	-89.46%	-45.65%	-43.81%
Average Drawdown Average peak-to-trough decline	-60.36%	-57.58%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.47%	15.84%	+17.63%

Volatility

SMWB vs. FROG - Volatility Comparison

The current volatility for Similarweb Ltd. (SMWB) is 14.83%, while JFrog Ltd. (FROG) has a volatility of 20.23%. This indicates that SMWB experiences smaller price fluctuations and is considered to be less risky than FROG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMWB	FROG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.83%	20.23%	-5.40%
Volatility (6M) Calculated over the trailing 6-month period	57.28%	54.55%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	66.19%	63.65%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.00%	55.58%	+8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.00%	56.54%	+7.46%

Financials

SMWB vs. FROG - Profitability Comparison

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

SMWB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Similarweb Ltd. reported a gross profit of 57.73M and revenue of 72.76M. Therefore, the gross margin over that period was 79.4%.

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%.

SMWB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Similarweb Ltd. reported an operating income of -4.70M and revenue of 72.76M, resulting in an operating margin of -6.5%.

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%.

SMWB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Similarweb Ltd. reported a net income of -7.50M and revenue of 72.76M, resulting in a net margin of -10.3%.

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%.