ASAN vs. MNDY
ASAN (Asana, Inc.) and MNDY (monday.com Ltd.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, ASAN returned -34.88%/yr vs -17.00%/yr for MNDY. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
ASAN vs. MNDY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ASAN having a -39.31% return and MNDY slightly lower at -40.94%.
ASAN
- 1D
- 4.65%
- 1M
- 13.35%
- 6M
- -18.83%
- YTD
- -39.31%
- 1Y
- -40.61%
- 3Y*
- -30.15%
- 5Y*
- -34.88%
- 10Y*
- —
- ALL TIME*
- -18.28%
MNDY
- 1D
- -1.15%
- 1M
- 9.25%
- 6M
- -24.05%
- YTD
- -40.94%
- 1Y
- -65.22%
- 3Y*
- -21.16%
- 5Y*
- -17.00%
- 10Y*
- —
- ALL TIME*
- -12.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ASAN Asana, Inc. | $48.70M | $42.92M | $46.06M |
MNDY monday.com Ltd. | $163.67M | $119.11M | $139.48M |
ASAN vs. MNDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -39.31% | -32.36% | 6.63% | 38.05% | -81.53% | 81.17% |
MNDY monday.com Ltd. | -40.94% | -37.33% | 25.36% | 53.94% | -60.48% | 78.30% |
Correlation
The correlation between ASAN and MNDY is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.65 |
The correlation between ASAN and MNDY has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
Fundamentals
ASAN:
$1.98B
MNDY:
$4.42B
ASAN:
-$0.69
MNDY:
$2.31
ASAN:
2.45
MNDY:
3.46
ASAN:
14.47
MNDY:
5.61
ASAN:
$808.63M
MNDY:
$1.30B
ASAN:
$715.69M
MNDY:
$1.16B
ASAN:
-$138.34M
MNDY:
$62.24M
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Return for Risk
ASAN vs. MNDY — Risk / Return Rank
ASAN
MNDY
ASAN vs. MNDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) and monday.com Ltd. (MNDY). 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 | MNDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.79 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.87 | +0.19 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.20 | +0.09 |
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Drawdowns
ASAN vs. MNDY - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than MNDY's maximum drawdown of -86.78%. Use the drawdown chart below to compare losses from any high point for ASAN and MNDY.
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Drawdown Indicators
| ASAN | MNDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -86.78% | -9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -64.06% | -77.25% | +13.19% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -82.07% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -86.78% | -9.39% |
Current DrawdownCurrent decline from peak | -94.17% | -80.40% | -13.77% |
Average DrawdownAverage peak-to-trough decline | -71.18% | -55.02% | -16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.91% | 56.15% | -17.24% |
Volatility
ASAN vs. MNDY - Volatility Comparison
Asana, Inc. (ASAN) has a higher volatility of 21.85% compared to monday.com Ltd. (MNDY) at 18.12%. This indicates that ASAN's price experiences larger fluctuations and is considered to be riskier than MNDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAN | MNDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.85% | 18.12% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 51.43% | 51.63% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.02% | 67.90% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.17% | 71.82% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.83% | 71.59% | +5.24% |
Dividends
ASAN vs. MNDY - Dividend Comparison
Neither ASAN nor MNDY has paid dividends to shareholders.
Financials
ASAN vs. MNDY - Financials Comparison
This section allows you to compare key financial metrics between Asana, Inc. and monday.com Ltd.. 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. MNDY - Profitability Comparison
ASAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
MNDY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, monday.com Ltd. reported a gross profit of 313.14M and revenue of 351.27M. Therefore, the gross margin over that period was 89.2%.
ASAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Asana, Inc. reported an operating income of -15.24M and revenue of 205.10M, resulting in an operating margin of -7.4%.
MNDY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, monday.com Ltd. reported an operating income of 19.75M and revenue of 351.27M, resulting in an operating margin of 5.6%.
ASAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Asana, Inc. reported a net income of -14.41M and revenue of 205.10M, resulting in a net margin of -7.0%.
MNDY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, monday.com Ltd. reported a net income of 28.03M and revenue of 351.27M, resulting in a net margin of 8.0%.
Frequently Asked Questions
ASAN and MNDY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAN has higher volatility (21.85%) compared to MNDY (18.12%). In terms of maximum drawdown, ASAN dropped -96.17% vs MNDY's -86.78%.
ASAN currently has the higher Sharpe Ratio (-0.69 vs -0.99), 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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