ASAN vs. MDB
ASAN (Asana, Inc.) and MDB (MongoDB, Inc.) are both stocks. Both are in the Technology sector — ASAN in Software - Application, MDB in Software - Infrastructure. Over the past 5 years, ASAN returned -35.10%/yr vs -3.79%/yr for MDB. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ASAN vs. MDB - Performance Comparison
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Returns By Period
In the year-to-date period, ASAN achieves a -50.77% return, which is significantly lower than MDB's -23.95% return.
ASAN
- 1D
- -2.46%
- 1M
- 1.96%
- YTD
- -50.77%
- 6M
- -53.06%
- 1Y
- -48.67%
- 3Y*
- -33.09%
- 5Y*
- -35.10%
- 10Y*
- —
MDB
- 1D
- -4.08%
- 1M
- -2.14%
- YTD
- -23.95%
- 6M
- -27.41%
- 1Y
- 58.39%
- 3Y*
- -6.46%
- 5Y*
- -3.79%
- 10Y*
- —
ASAN vs. MDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -50.77% | -32.36% | 6.63% | 38.05% | -81.53% | 152.28% | 9.44% |
MDB MongoDB, Inc. | -23.95% | 80.27% | -43.06% | 107.71% | -62.81% | 47.43% | 54.70% |
Correlation
The correlation between ASAN and MDB is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.63 |
The correlation between ASAN and MDB shifts across timeframes, from 0.50 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASAN:
$1.61B
MDB:
$26.04B
ASAN:
-$0.69
MDB:
-$0.35
ASAN:
1.98
MDB:
10.13
ASAN:
11.74
MDB:
8.87
ASAN:
$808.63M
MDB:
$2.60B
ASAN:
$715.69M
MDB:
$1.87B
ASAN:
-$138.34M
MDB:
-$19.89M
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Return for Risk
ASAN vs. MDB — Risk / Return Rank
ASAN
MDB
ASAN vs. MDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) and MongoDB, Inc. (MDB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASAN | MDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.23 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.20 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.72 | -4.09 |
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Drawdowns
ASAN vs. MDB - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than MDB's maximum drawdown of -76.52%. Use the drawdown chart below to compare losses from any high point for ASAN and MDB.
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Drawdown Indicators
| ASAN | MDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -76.52% | -19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -48.72% | -15.71% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -70.88% | -9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -76.52% | -19.65% |
Current DrawdownCurrent decline from peak | -95.27% | -45.45% | -49.82% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -30.87% | -39.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.43% | 21.54% | +13.89% |
Volatility
ASAN vs. MDB - Volatility Comparison
Asana, Inc. (ASAN) and MongoDB, Inc. (MDB) have volatilities of 26.76% and 27.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAN | MDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.76% | 27.99% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 48.25% | 52.55% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.17% | 73.34% | -14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.99% | 70.29% | +8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.90% | 65.94% | +10.96% |
Dividends
ASAN vs. MDB - Dividend Comparison
Neither ASAN nor MDB has paid dividends to shareholders.
Financials
ASAN vs. MDB - Financials Comparison
This section allows you to compare key financial metrics between Asana, Inc. and MongoDB, Inc.. 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. MDB - 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%.
MDB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported a gross profit of 496.18M and revenue of 687.62M. Therefore, the gross margin over that period was 72.2%.
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%.
MDB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported an operating income of -24.80M and revenue of 687.62M, resulting in an operating margin of -3.6%.
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%.
MDB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MongoDB, Inc. reported a net income of 4.43M and revenue of 687.62M, resulting in a net margin of 0.6%.
Frequently Asked Questions
ASAN and MDB have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDB has higher volatility (27.99%) compared to ASAN (26.76%). In terms of maximum drawdown, ASAN dropped -96.17% vs MDB's -76.52%.
MDB currently has the higher Sharpe Ratio (0.80 vs -0.83), 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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