MNDY vs. ASAN

Last updated Apr 2, 2026

Compare and contrast key facts about monday.com Ltd. (MNDY) and Asana, Inc. (ASAN).

Performance

MNDY vs. ASAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in monday.com Ltd. (MNDY) and Asana, Inc. (ASAN). The values are adjusted to include any dividend payments, if applicable.

MNDY vs. ASAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MNDY monday.com Ltd.	-53.85%	-37.33%	25.36%	53.94%	-60.48%	72.59%
ASAN Asana, Inc.	-53.83%	-32.36%	6.63%	38.05%	-81.53%	62.28%

Fundamentals

Market Cap MNDY : $3.60B ASAN : $1.51B
EPS MNDY : $2.23 ASAN : -$0.80
PS Ratio MNDY : 2.94 ASAN : 1.90
PB Ratio MNDY : 2.89 ASAN : 9.79
Total Revenue (TTM) MNDY : $1.23B ASAN : $790.81M
Gross Profit (TTM) MNDY : $1.10B ASAN : $704.05M
EBITDA (TTM) MNDY : $73.18M ASAN : -$168.67M

Returns By Period

The year-to-date returns for both investments are quite close, with MNDY having a -53.85% return and ASAN slightly higher at -53.83%.

MNDY

• 1D: -1.46%
• 1M: -4.06%
• YTD: -53.85%
• 6M: -63.05%
• 1Y: -74.03%
• 3Y*: -21.86%
• 5Y*: —
• 10Y*: —

ASAN

• 1D: -1.09%
• 1M: -13.29%
• YTD: -53.83%
• 6M: -52.30%
• 1Y: -58.65%
• 3Y*: -33.09%
• 5Y*: -27.13%
• 10Y*: —

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

Return for Risk

MNDY vs. ASAN — Risk / Return Rank

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

MNDY

MNDY Risk / Return Rank: 4
MNDY Sharpe Ratio Rank: 2
MNDY Sortino Ratio Rank: 2
MNDY Omega Ratio Rank: 2
MNDY Calmar Ratio Rank: 7
MNDY Martin Ratio Rank: 6

ASAN

ASAN Risk / Return Rank: 6
ASAN Sharpe Ratio Rank: 3
ASAN Sortino Ratio Rank: 4
ASAN Omega Ratio Rank: 5
ASAN Calmar Ratio Rank: 10
ASAN Martin Ratio Rank: 5

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.

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.

	MNDY	ASAN	Difference
Sharpe ratio Return per unit of total volatility	-1.19	-1.05	-0.13
Sortino ratio Return per unit of downside risk	-2.12	-1.66	-0.45
Omega ratio Gain probability vs. loss probability	0.70	0.79	-0.09
Calmar ratio Return relative to maximum drawdown	-0.91	-0.83	-0.08
Martin ratio Return relative to average drawdown	-1.60	-1.65	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNDY vs. ASAN - Sharpe Ratio Comparison

The current MNDY Sharpe Ratio is -1.19, which is comparable to the ASAN Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of MNDY and ASAN, 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

	MNDY	ASAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	-1.05	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	-0.32	+0.06

Correlation

The correlation between MNDY and ASAN is 0.64, 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

MNDY vs. ASAN - Dividend Comparison

Neither MNDY nor ASAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MNDY vs. ASAN - Drawdown Comparison

The maximum MNDY drawdown since its inception was -85.05%, smaller than the maximum ASAN drawdown of -95.76%. Use the drawdown chart below to compare losses from any high point for MNDY and ASAN.

Drawdown Indicators

	MNDY	ASAN	Difference
Max Drawdown Largest peak-to-trough decline	-85.05%	-95.76%	+10.71%
Max Drawdown (1Y) Largest decline over 1 year	-78.86%	-68.16%	-10.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.76%	—
Current Drawdown Current decline from peak	-84.69%	-95.56%	+10.87%
Average Drawdown Average peak-to-trough decline	-53.13%	-69.79%	+16.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.99%	34.32%	+10.67%

Volatility

MNDY vs. ASAN - Volatility Comparison

The current volatility for monday.com Ltd. (MNDY) is 12.15%, while Asana, Inc. (ASAN) has a volatility of 13.22%. This indicates that MNDY experiences smaller price fluctuations and is considered to be less risky than ASAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MNDY	ASAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	13.22%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	43.23%	37.89%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	62.95%	56.02%	+6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.75%	77.93%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.75%	76.61%	-4.86%

Financials

MNDY vs. ASAN - Profitability Comparison

The chart below illustrates the profitability comparison between monday.com Ltd. and Asana, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MNDY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, monday.com Ltd. reported a gross profit of 296.55M and revenue of 333.88M. Therefore, the gross margin over that period was 88.8%.

ASAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Asana, Inc. reported a gross profit of 180.57M and revenue of 205.57M. Therefore, the gross margin over that period was 87.8%.

MNDY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, monday.com Ltd. reported an operating income of 2.39M and revenue of 333.88M, resulting in an operating margin of 0.7%.

ASAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Asana, Inc. reported an operating income of -64.70M and revenue of 205.57M, resulting in an operating margin of -31.5%.

MNDY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, monday.com Ltd. reported a net income of 76.69M and revenue of 333.88M, resulting in a net margin of 23.0%.

ASAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Asana, Inc. reported a net income of -32.21M and revenue of 205.57M, resulting in a net margin of -15.7%.