MNDY vs. HDV
MNDY (monday.com Ltd.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 3 years, MNDY returned -21.10%/yr vs 14.94%/yr for HDV. At a 0.12 correlation, their price movements are largely independent.
Performance
MNDY vs. HDV - 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 HDV's 12.69% return.
MNDY
- 1D
- -6.08%
- 1M
- 11.16%
- YTD
- -41.75%
- 6M
- -43.65%
- 1Y
- -72.04%
- 3Y*
- -21.10%
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
MNDY vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MNDY monday.com Ltd. | -41.75% | -37.33% | 25.36% | 53.94% | -60.48% | 72.59% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 1.72% | 7.05% | 4.45% |
Correlation
The correlation between MNDY and HDV is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.12 |
The correlation between MNDY and HDV shifts across timeframes, from -0.09 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MNDY vs. HDV — Risk / Return Rank
MNDY
HDV
MNDY vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for monday.com Ltd. (MNDY) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -5.04 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.36 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.95 | -4.83 |
| Martin ratioReturn relative to average drawdown | -1.31 | 11.02 | -12.32 |
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 | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | 2.10 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.72 | -0.91 |
Drawdowns
MNDY vs. HDV - Drawdown Comparison
The maximum MNDY drawdown since its inception was -86.78%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MNDY and HDV.
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Drawdown Indicators
| MNDY | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.78% | -37.04% | -49.74% |
Max Drawdown (1Y)Largest decline over 1 year | -81.30% | -5.18% | -76.12% |
Max Drawdown (3Y)Largest decline over 3 years | -82.07% | -10.49% | -71.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -80.67% | -2.54% | -78.13% |
Average DrawdownAverage peak-to-trough decline | -54.19% | -3.09% | -51.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.05% | 1.85% | +53.20% |
Volatility
MNDY vs. HDV - Volatility Comparison
monday.com Ltd. (MNDY) has a higher volatility of 24.83% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that MNDY's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDY | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.83% | 3.19% | +21.64% |
Volatility (6M)Calculated over the trailing 6-month period | 49.25% | 7.56% | +41.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.39% | 9.73% | +55.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.02% | 12.82% | +59.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.02% | 15.73% | +56.29% |
Dividends
MNDY vs. HDV - Dividend Comparison
MNDY has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MNDY monday.com Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNDY and HDV have a correlation of -0.09, 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 HDV (3.19%). In terms of maximum drawdown, MNDY dropped -86.78% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.10 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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