MNDY vs. ASAN
MNDY (monday.com Ltd.) and ASAN (Asana, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, MNDY returned -17.27%/yr vs -35.16%/yr for ASAN. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
MNDY vs. ASAN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MNDY achieves a -41.15% return, which is significantly higher than ASAN's -43.91% return.
MNDY
- 1D
- 5.30%
- 1M
- 11.95%
- 6M
- -40.66%
- YTD
- -41.15%
- 1Y
- -69.49%
- 3Y*
- -20.76%
- 5Y*
- -17.27%
- 10Y*
- —
ASAN
- 1D
- 4.91%
- 1M
- 4.06%
- 6M
- -40.66%
- YTD
- -43.91%
- 1Y
- -44.60%
- 3Y*
- -30.61%
- 5Y*
- -35.16%
- 10Y*
- —
MNDY vs. ASAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MNDY monday.com Ltd. | -41.15% | -37.33% | 25.36% | 53.94% | -60.48% | 78.30% |
ASAN Asana, Inc. | -43.91% | -32.36% | 6.63% | 38.05% | -81.53% | 81.17% |
Correlation
The correlation between MNDY and ASAN is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.65 |
The correlation between MNDY and ASAN has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
Fundamentals
MNDY:
$4.44B
ASAN:
$1.83B
MNDY:
$2.31
ASAN:
-$0.69
MNDY:
3.45
ASAN:
2.26
MNDY:
5.59
ASAN:
13.37
MNDY:
$1.30B
ASAN:
$808.63M
MNDY:
$1.16B
ASAN:
$715.69M
MNDY:
$62.24M
ASAN:
-$138.34M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MNDY vs. ASAN — Risk / Return Rank
MNDY
ASAN
MNDY vs. ASAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for monday.com Ltd. (MNDY) and Asana, Inc. (ASAN). 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.
| MNDY | ASAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.89 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.69 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.19 | -0.02 |
Loading charts...
Drawdowns
MNDY vs. ASAN - Drawdown Comparison
The maximum MNDY drawdown since its inception was -86.78%, smaller than the maximum ASAN drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for MNDY and ASAN.
Loading charts...
Drawdown Indicators
| MNDY | ASAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.78% | -96.17% | +9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -79.88% | -64.43% | -15.45% |
Max Drawdown (3Y)Largest decline over 3 years | -82.07% | -80.16% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -86.78% | -96.17% | +9.39% |
Current DrawdownCurrent decline from peak | -80.47% | -94.61% | +14.14% |
Average DrawdownAverage peak-to-trough decline | -54.72% | -70.95% | +16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.57% | 37.62% | +19.95% |
Volatility
MNDY vs. ASAN - Volatility Comparison
monday.com Ltd. (MNDY) has a higher volatility of 16.45% compared to Asana, Inc. (ASAN) at 15.60%. This indicates that MNDY's price experiences larger fluctuations and is considered to be riskier than ASAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MNDY | ASAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.45% | 15.60% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 51.04% | 49.58% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.48% | 60.39% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.74% | 79.01% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.65% | 76.76% | -5.11% |
Dividends
MNDY vs. ASAN - Dividend Comparison
Neither MNDY nor ASAN has paid dividends to shareholders.
Financials
MNDY vs. ASAN - Financials Comparison
This section allows you to compare key financial metrics between monday.com Ltd. and Asana, 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
MNDY vs. ASAN - Profitability Comparison
MNDY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Asana, Inc. reported an operating income of -15.24M and revenue of 205.10M, resulting in an operating margin of -7.4%.
MNDY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, monday.com Ltd. reported a net income of 28.03M and revenue of 351.27M, resulting in a net margin of 8.0%.
ASAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Asana, Inc. reported a net income of -14.41M and revenue of 205.10M, resulting in a net margin of -7.0%.
Frequently Asked Questions
MNDY and ASAN 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.
MNDY has higher volatility (16.45%) compared to ASAN (15.60%). In terms of maximum drawdown, MNDY dropped -86.78% vs ASAN's -96.17%.
ASAN currently has the higher Sharpe Ratio (-0.74 vs -1.05), 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.
Find the right allocation for MNDY and ASAN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer