MNDY vs. TQQQ
MNDY (monday.com Ltd.) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 5 years, MNDY returned -17.27%/yr vs 18.33%/yr for TQQQ. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
MNDY vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MNDY achieves a -41.15% return, which is significantly lower than TQQQ's 38.33% return.
MNDY
- 1D
- 5.30%
- 1M
- 11.95%
- 6M
- -40.66%
- YTD
- -41.15%
- 1Y
- -69.49%
- 3Y*
- -20.76%
- 5Y*
- -17.27%
- 10Y*
- —
TQQQ
- 1D
- -5.70%
- 1M
- -6.08%
- 6M
- 30.48%
- YTD
- 38.33%
- 1Y
- 74.65%
- 3Y*
- 50.58%
- 5Y*
- 18.33%
- 10Y*
- 42.27%
MNDY vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MNDY monday.com Ltd. | -41.15% | -37.33% | 25.36% | 53.94% | -60.48% | 78.30% |
TQQQ ProShares UltraPro QQQ | 38.33% | 34.35% | 58.27% | 198.04% | -79.09% | 58.20% |
Correlation
The correlation between MNDY and TQQQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.50 |
Over the past year, the correlation between MNDY and TQQQ has dropped to 0.15 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
MNDY vs. TQQQ — Risk / Return Rank
MNDY
TQQQ
MNDY vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for monday.com Ltd. (MNDY) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.24 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.03 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.21 | 6.23 | -7.44 |
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Drawdowns
MNDY vs. TQQQ - Drawdown Comparison
The maximum MNDY drawdown since its inception was -86.78%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MNDY and TQQQ.
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Drawdown Indicators
| MNDY | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.78% | -81.66% | -5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -79.88% | -36.97% | -42.91% |
Max Drawdown (3Y)Largest decline over 3 years | -82.07% | -58.04% | -24.03% |
Max Drawdown (5Y)Largest decline over 5 years | -86.78% | -81.66% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -80.47% | -16.52% | -63.95% |
Average DrawdownAverage peak-to-trough decline | -54.72% | -18.48% | -36.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.57% | 12.02% | +45.55% |
Volatility
MNDY vs. TQQQ - Volatility Comparison
The current volatility for monday.com Ltd. (MNDY) is 16.45%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.43%. This indicates that MNDY experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDY | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.45% | 25.43% | -8.98% |
Volatility (6M)Calculated over the trailing 6-month period | 51.04% | 45.80% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.48% | 55.32% | +11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.74% | 67.74% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.65% | 66.40% | +5.25% |
Dividends
MNDY vs. TQQQ - Dividend Comparison
MNDY has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 0.52% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
MNDY and TQQQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (25.43%) compared to MNDY (16.45%). In terms of maximum drawdown, MNDY dropped -86.78% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (1.36 vs -1.05), 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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