MNDY vs. NGD

Last updated Jun 9, 2026

MNDY (monday.com Ltd.) and NGD (New Gold Inc.) are both stocks. MNDY operates in Software - Application (Technology), while NGD operates in Gold (Basic Materials). At a 0.11 correlation, their price movements are largely independent.

Performance

MNDY vs. NGD - Performance Comparison

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

Returns By Period

MNDY

• 1D: -2.31%
• 1M: 16.22%
• YTD: -43.24%
• 6M: -48.29%
• 1Y: -72.56%
• 3Y*: -21.74%
• 5Y*: —
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNDY vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MNDY monday.com Ltd.	-43.24%	-37.33%	25.36%	53.94%	-60.48%	72.59%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.19%

Correlation

The correlation between MNDY and NGD is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.11

The correlation between MNDY and NGD shifts across timeframes, from -0.05 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS MNDY : $2.29 NGD : $1.61
PE Ratio MNDY : 36.55 NGD : 5.64
PEG Ratio MNDY : 0.14 NGD : 0.01
PS Ratio MNDY : 3.35 NGD : 3.30
Total Revenue (TTM) MNDY : $1.30B NGD : $1.46B
Gross Profit (TTM) MNDY : $1.16B NGD : $758.26M
EBITDA (TTM) MNDY : $62.24M NGD : $1.19B

Return for Risk

MNDY vs. NGD — Risk / Return Rank

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

MNDY

MNDY Risk / Return Rank: 5
MNDY Sharpe Ratio Rank: 3
MNDY Sortino Ratio Rank: 3
MNDY Omega Ratio Rank: 2
MNDY Calmar Ratio Rank: 7
MNDY Martin Ratio Rank: 11

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. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for monday.com Ltd. (MNDY) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	—	—
Sortino ratio: Return per unit of downside risk	-1.96	—	—
Omega ratio: Gain probability vs. loss probability	0.74	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MNDY	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	—	—

Drawdowns

Drawdown Indicators

	MNDY	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-86.78%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-81.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-82.07%	—	—
Current Drawdown Current decline from peak	-81.16%	—	—
Average Drawdown Average peak-to-trough decline	-54.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	55.62%	—	—

Volatility

Volatility by Period

	MNDY	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	49.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.95%	—	—

Dividends

MNDY vs. NGD - Dividend Comparison

Neither MNDY nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MNDY and NGD in my portfolio?

MNDY and NGD have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.