ASAN vs. GOOGL
ASAN (Asana, Inc.) and GOOGL (Alphabet Inc. Class A) are both stocks. ASAN operates in Software - Application (Technology), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 5 years, ASAN returned -27.28%/yr vs 24.78%/yr for GOOGL. At a 0.36 correlation, their price movements are largely independent.
Performance
ASAN vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, ASAN achieves a -41.87% return, which is significantly lower than GOOGL's 14.77% return.
ASAN
- 1D
- -8.18%
- 1M
- 10.39%
- YTD
- -41.87%
- 6M
- -44.77%
- 1Y
- -58.05%
- 3Y*
- -28.93%
- 5Y*
- -27.28%
- 10Y*
- —
GOOGL
- 1D
- -0.79%
- 1M
- -6.33%
- YTD
- 14.77%
- 6M
- 12.47%
- 1Y
- 116.77%
- 3Y*
- 42.66%
- 5Y*
- 24.78%
- 10Y*
- 25.69%
ASAN vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -41.87% | -32.36% | 6.63% | 38.05% | -81.53% | 152.28% | 2.60% |
GOOGL Alphabet Inc. Class A | 14.77% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 19.59% |
Correlation
The correlation between ASAN and GOOGL is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.36 |
Over the past year, the correlation between ASAN and GOOGL has dropped to 0.04 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
ASAN:
$1.90B
GOOGL:
$4.39T
ASAN:
-$0.69
GOOGL:
$13.11
ASAN:
2.34
GOOGL:
10.38
ASAN:
13.86
GOOGL:
9.18
ASAN:
$808.63M
GOOGL:
$422.57B
ASAN:
$715.69M
GOOGL:
$255.12B
ASAN:
-$138.34M
GOOGL:
$174.08B
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Return for Risk
ASAN vs. GOOGL — Risk / Return Rank
ASAN
GOOGL
ASAN vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) and Alphabet Inc. Class A (GOOGL). 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.
| ASAN | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.96 | ||
| Sortino ratioReturn per unit of downside risk | -6.80 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.65 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 5.77 | -6.67 |
| Martin ratioReturn relative to average drawdown | -1.72 | 21.31 | -23.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASAN | GOOGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 4.03 | -4.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.80 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.84 | -1.10 |
Drawdowns
ASAN vs. GOOGL - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for ASAN and GOOGL.
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Drawdown Indicators
| ASAN | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -65.29% | -30.88% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -20.37% | -44.06% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -29.81% | -50.35% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -44.32% | -51.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -94.41% | -10.84% | -83.57% |
Average DrawdownAverage peak-to-trough decline | -70.56% | -13.02% | -57.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.74% | 5.50% | +38.24% |
Volatility
ASAN vs. GOOGL - Volatility Comparison
Asana, Inc. (ASAN) has a higher volatility of 30.41% compared to Alphabet Inc. Class A (GOOGL) at 8.29%. This indicates that ASAN's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAN | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.41% | 8.29% | +22.12% |
Volatility (6M)Calculated over the trailing 6-month period | 49.30% | 20.56% | +28.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.49% | 29.22% | +33.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.42% | 31.29% | +48.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.14% | 29.10% | +48.04% |
Dividends
ASAN vs. GOOGL - Dividend Comparison
ASAN has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ASAN Asana, Inc. | 0.00% | 0.00% | 0.00% |
GOOGL Alphabet Inc. Class A | 0.23% | 0.27% | 0.32% |
Financials
ASAN vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Asana, Inc. and Alphabet Inc. Class A. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ASAN vs. GOOGL - Profitability Comparison
ASAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported a gross profit of 179.68M and revenue of 205.10M. Therefore, the gross margin over that period was 87.6%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
ASAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported an operating income of -15.24M and revenue of 205.10M, resulting in an operating margin of -7.4%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
ASAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported a net income of -14.41M and revenue of 205.10M, resulting in a net margin of -7.0%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
ASAN and GOOGL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAN has higher volatility (30.41%) compared to GOOGL (8.29%). In terms of maximum drawdown, ASAN dropped -96.17% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (4.03 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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