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 -71.87% vs 21.04% for GPIX. At a 0.41 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 -44.54% return, which is significantly lower than GPIX's 10.49% return.
MNDY
- 1D
- -5.76%
- 1M
- 5.50%
- 6M
- -41.22%
- YTD
- -44.54%
- 1Y
- -71.87%
- 3Y*
- -22.31%
- 5Y*
- -17.10%
- 10Y*
- —
GPIX
- 1D
- 0.29%
- 1M
- 1.70%
- 6M
- 8.88%
- YTD
- 10.49%
- 1Y
- 21.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNDY vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MNDY monday.com Ltd. | -44.54% | -37.33% | 25.36% | 45.97% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 10.49% | 16.25% | 21.77% | 13.04% |
Correlation
The correlation between MNDY and GPIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.41 |
Over the past year, the correlation between MNDY and GPIX has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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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.
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 | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.36 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.74 | -3.64 |
| Martin ratioReturn relative to average drawdown | -1.24 | 13.13 | -14.37 |
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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 | -79.88% | -7.71% | -72.17% |
Max Drawdown (3Y)Largest decline over 3 years | -82.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -86.78% | — | — |
Current DrawdownCurrent decline from peak | -81.60% | -0.34% | -81.26% |
Average DrawdownAverage peak-to-trough decline | -54.74% | -1.47% | -53.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.75% | 1.61% | +56.14% |
Volatility
MNDY vs. GPIX - Volatility Comparison
monday.com Ltd. (MNDY) has a higher volatility of 17.37% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.29%. 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 | 17.37% | 3.29% | +14.08% |
Volatility (6M)Calculated over the trailing 6-month period | 51.33% | 8.84% | +42.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.57% | 10.88% | +55.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.78% | 13.79% | +57.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.67% | 13.79% | +57.88% |
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 8.09%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.09% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNDY has higher volatility (17.37%) compared to GPIX (3.29%). In terms of maximum drawdown, MNDY dropped -86.78% vs GPIX's -17.50%.
GPIX currently has the higher Sharpe Ratio (1.94 vs -1.08), 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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