NGD vs. MNDY

Last updated Jun 9, 2026

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

Performance

NGD vs. MNDY - Performance Comparison

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

Returns By Period

NGD

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

MNDY

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

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

NGD vs. MNDY - Yearly Performance Comparison

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

Correlation

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

Fundamentals

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

Return for Risk

NGD vs. MNDY — 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.

NGD vs. MNDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and monday.com Ltd. (MNDY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NGD	MNDY	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

	NGD	MNDY	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

	NGD	MNDY	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

NGD vs. MNDY - Dividend Comparison

Neither NGD nor MNDY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NGD and MNDY in my portfolio?

NGD and MNDY 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.