MNDY vs. GPIX
MNDY (monday.com Ltd.) is a stock, while GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs. Over the past year, MNDY returned -72.04% vs 25.55% for GPIX. At a 0.43 correlation, their price movements are largely independent.
Performance
MNDY vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, MNDY achieves a -41.75% return, which is significantly lower than GPIX's 9.91% return.
MNDY
- 1D
- -6.08%
- 1M
- 11.16%
- YTD
- -41.75%
- 6M
- -43.65%
- 1Y
- -72.04%
- 3Y*
- -21.10%
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -0.48%
- 1M
- 4.27%
- YTD
- 9.91%
- 6M
- 10.34%
- 1Y
- 25.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNDY vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MNDY monday.com Ltd. | -41.75% | -37.33% | 25.36% | 49.63% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.91% | 16.25% | 21.77% | 13.45% |
Correlation
The correlation between MNDY and GPIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.43 |
The correlation between MNDY and GPIX shifts across timeframes, from 0.26 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MNDY vs. GPIX — Risk / Return Rank
MNDY
GPIX
MNDY vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for monday.com Ltd. (MNDY) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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 | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.63 | ||
| Sortino ratioReturn per unit of downside risk | -5.41 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.48 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.33 | -4.22 |
| Martin ratioReturn relative to average drawdown | -1.31 | 16.77 | -18.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNDY | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | 2.52 | -3.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 1.78 | -1.97 |
Drawdowns
MNDY vs. GPIX - Drawdown Comparison
The maximum MNDY drawdown since its inception was -86.78%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for MNDY and GPIX.
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Drawdown Indicators
| MNDY | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.78% | -17.50% | -69.28% |
Max Drawdown (1Y)Largest decline over 1 year | -81.30% | -7.71% | -73.59% |
Max Drawdown (3Y)Largest decline over 3 years | -82.07% | — | — |
Current DrawdownCurrent decline from peak | -80.67% | -0.48% | -80.19% |
Average DrawdownAverage peak-to-trough decline | -54.19% | -1.48% | -52.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.05% | 1.53% | +53.52% |
Volatility
MNDY vs. GPIX - Volatility Comparison
monday.com Ltd. (MNDY) has a higher volatility of 24.83% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.26%. This indicates that MNDY's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDY | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.83% | 2.26% | +22.57% |
Volatility (6M)Calculated over the trailing 6-month period | 49.25% | 7.89% | +41.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.39% | 10.17% | +55.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.02% | 13.80% | +58.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.02% | 13.80% | +58.22% |
Dividends
MNDY vs. GPIX - Dividend Comparison
MNDY has not paid dividends to shareholders, while GPIX's dividend yield for the trailing twelve months is around 8.00%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.00% | 8.01% | 7.45% | 1.40% |
MNDY monday.com Ltd. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNDY and GPIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNDY has higher volatility (24.83%) compared to GPIX (2.26%). In terms of maximum drawdown, MNDY dropped -86.78% vs GPIX's -17.50%.
GPIX currently has the higher Sharpe Ratio (2.52 vs -1.10), 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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