ASAN vs. UPWK
ASAN (Asana, Inc.) and UPWK (Upwork Inc.) are both stocks. ASAN operates in Software - Application (Technology), while UPWK operates in Staffing & Employment Services (Industrials). Over the past 5 years, ASAN returned -30.77%/yr vs -30.02%/yr for UPWK. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ASAN vs. UPWK - Performance Comparison
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Returns By Period
In the year-to-date period, ASAN achieves a -46.10% return, which is significantly higher than UPWK's -57.16% return.
ASAN
- 1D
- -0.94%
- 1M
- 27.19%
- YTD
- -46.10%
- 6M
- -48.50%
- 1Y
- -43.97%
- 3Y*
- -33.31%
- 5Y*
- -30.77%
- 10Y*
- —
UPWK
- 1D
- 0.35%
- 1M
- 5.07%
- YTD
- -57.16%
- 6M
- -61.32%
- 1Y
- -38.61%
- 3Y*
- -3.10%
- 5Y*
- -30.02%
- 10Y*
- —
ASAN vs. UPWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -46.10% | -32.36% | 6.63% | 38.05% | -81.53% | 152.28% | 9.44% |
UPWK Upwork Inc. | -57.16% | 21.22% | 9.95% | 42.43% | -69.44% | -1.04% | 101.52% |
Correlation
The correlation between ASAN and UPWK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.52 |
The correlation between ASAN and UPWK shifts across timeframes, from 0.39 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASAN:
$1.76B
UPWK:
$1.15B
ASAN:
-$0.69
UPWK:
$0.79
ASAN:
2.17
UPWK:
1.98
ASAN:
12.85
UPWK:
2.02
ASAN:
$808.63M
UPWK:
$595.10M
ASAN:
$715.69M
UPWK:
$612.97M
ASAN:
-$138.34M
UPWK:
$152.42M
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Return for Risk
ASAN vs. UPWK — Risk / Return Rank
ASAN
UPWK
ASAN vs. UPWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) and Upwork Inc. (UPWK). 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 | UPWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.90 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.65 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.33 | -0.01 |
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Drawdowns
ASAN vs. UPWK - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than UPWK's maximum drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for ASAN and UPWK.
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Drawdown Indicators
| ASAN | UPWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -87.48% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -63.46% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -63.46% | -16.70% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -87.48% | -8.69% |
Current DrawdownCurrent decline from peak | -94.82% | -86.01% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -70.63% | -56.45% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.63% | 31.15% | +3.48% |
Volatility
ASAN vs. UPWK - Volatility Comparison
Asana, Inc. (ASAN) has a higher volatility of 27.13% compared to Upwork Inc. (UPWK) at 14.92%. This indicates that ASAN's price experiences larger fluctuations and is considered to be riskier than UPWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAN | UPWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.13% | 14.92% | +12.21% |
Volatility (6M)Calculated over the trailing 6-month period | 48.20% | 46.56% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.08% | 58.92% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.16% | 63.38% | +15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.00% | 64.76% | +12.24% |
Dividends
ASAN vs. UPWK - Dividend Comparison
Neither ASAN nor UPWK has paid dividends to shareholders.
Financials
ASAN vs. UPWK - Financials Comparison
This section allows you to compare key financial metrics between Asana, Inc. and Upwork 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
Frequently Asked Questions
ASAN and UPWK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAN has higher volatility (27.13%) compared to UPWK (14.92%). In terms of maximum drawdown, ASAN dropped -96.17% vs UPWK's -87.48%.
UPWK currently has the higher Sharpe Ratio (-0.70 vs -0.79), 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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