MDB vs. ESTC

Last updated Apr 1, 2026

Compare and contrast key facts about MongoDB, Inc. (MDB) and Elastic N.V. (ESTC).

Performance

MDB vs. ESTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MongoDB, Inc. (MDB) and Elastic N.V. (ESTC). The values are adjusted to include any dividend payments, if applicable.

MDB vs. ESTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MDB MongoDB, Inc.	-41.68%	80.27%	-43.06%	107.71%	-62.81%	47.43%	172.81%	57.17%	15.11%
ESTC Elastic N.V.	-33.74%	-23.86%	-12.09%	118.83%	-58.16%	-15.77%	127.26%	-10.04%	2.11%

Fundamentals

Market Cap MDB : $21.16B ESTC : $5.28B
EPS MDB : -$0.86 ESTC : -$0.80
PS Ratio MDB : 8.19 ESTC : 3.15
PB Ratio MDB : 7.17 ESTC : 6.68
Total Revenue (TTM) MDB : $2.46B ESTC : $1.68B
Gross Profit (TTM) MDB : $1.77B ESTC : $1.27B
EBITDA (TTM) MDB : -$44.12M ESTC : -$20.70M

Returns By Period

In the year-to-date period, MDB achieves a -41.68% return, which is significantly lower than ESTC's -33.74% return.

MDB

• 1D: 4.06%
• 1M: -25.48%
• YTD: -41.68%
• 6M: -21.14%
• 1Y: 39.55%
• 3Y*: 1.64%
• 5Y*: -3.36%
• 10Y*: —

ESTC

• 1D: 1.17%
• 1M: -3.99%
• YTD: -33.74%
• 6M: -40.83%
• 1Y: -43.89%
• 3Y*: -4.78%
• 5Y*: -15.28%
• 10Y*: —

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

Return for Risk

MDB vs. ESTC — Risk / Return Rank

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

MDB

MDB Risk / Return Rank: 64
MDB Sharpe Ratio Rank: 63
MDB Sortino Ratio Rank: 67
MDB Omega Ratio Rank: 67
MDB Calmar Ratio Rank: 61
MDB Martin Ratio Rank: 65

ESTC

ESTC Risk / Return Rank: 7
ESTC Sharpe Ratio Rank: 8
ESTC Sortino Ratio Rank: 10
ESTC Omega Ratio Rank: 10
ESTC Calmar Ratio Rank: 6
ESTC Martin Ratio Rank: 1

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.

MDB vs. ESTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MongoDB, Inc. (MDB) and Elastic N.V. (ESTC). 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.

	MDB	ESTC	Difference
Sharpe ratio Return per unit of total volatility	0.56	-0.86	+1.42
Sortino ratio Return per unit of downside risk	1.41	-1.10	+2.50
Omega ratio Gain probability vs. loss probability	1.19	0.85	+0.34
Calmar ratio Return relative to maximum drawdown	0.80	-0.93	+1.74
Martin ratio Return relative to average drawdown	2.50	-2.17	+4.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDB vs. ESTC - Sharpe Ratio Comparison

The current MDB Sharpe Ratio is 0.56, which is higher than the ESTC Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of MDB and ESTC, 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

	MDB	ESTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	-0.86	+1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	-0.26	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	-0.08	+0.49

Correlation

The correlation between MDB and ESTC is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MDB vs. ESTC - Dividend Comparison

Neither MDB nor ESTC has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MDB vs. ESTC - Drawdown Comparison

The maximum MDB drawdown since its inception was -76.52%, roughly equal to the maximum ESTC drawdown of -74.33%. Use the drawdown chart below to compare losses from any high point for MDB and ESTC.

Drawdown Indicators

	MDB	ESTC	Difference
Max Drawdown Largest peak-to-trough decline	-76.52%	-74.33%	-2.19%
Max Drawdown (1Y) Largest decline over 1 year	-46.62%	-48.64%	+2.02%
Max Drawdown (5Y) Largest decline over 5 years	-76.52%	-74.33%	-2.19%
Current Drawdown Current decline from peak	-58.16%	-73.24%	+15.08%
Average Drawdown Average peak-to-trough decline	-30.30%	-39.15%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.97%	20.98%	-6.01%

Volatility

MDB vs. ESTC - Volatility Comparison

MongoDB, Inc. (MDB) has a higher volatility of 28.81% compared to Elastic N.V. (ESTC) at 12.47%. This indicates that MDB's price experiences larger fluctuations and is considered to be riskier than ESTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDB	ESTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.81%	12.47%	+16.34%
Volatility (6M) Calculated over the trailing 6-month period	47.27%	39.69%	+7.58%
Volatility (1Y) Calculated over the trailing 1-year period	70.83%	51.45%	+19.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.56%	58.62%	+10.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.70%	57.90%	+7.80%

Financials

MDB vs. ESTC - Profitability Comparison

The chart below illustrates the profitability comparison between MongoDB, Inc. and Elastic N.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MDB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MongoDB, Inc. reported a gross profit of 507.66M and revenue of 695.07M. Therefore, the gross margin over that period was 73.0%.

ESTC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Elastic N.V. reported a gross profit of 343.44M and revenue of 449.88M. Therefore, the gross margin over that period was 76.3%.

MDB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MongoDB, Inc. reported an operating income of 50.00K and revenue of 695.07M, resulting in an operating margin of 0.0%.

ESTC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Elastic N.V. reported an operating income of 611.00K and revenue of 449.88M, resulting in an operating margin of 0.1%.

MDB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MongoDB, Inc. reported a net income of 15.53M and revenue of 695.07M, resulting in a net margin of 2.2%.

ESTC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Elastic N.V. reported a net income of 7.75M and revenue of 449.88M, resulting in a net margin of 1.7%.