ANGH vs MNY: Correlation
Anghami Inc. (ANGH) and MoneyHero Limited - Class A (MNY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and MNY?
Across a 3-year window, the weekly returns of ANGH and MNY correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.46 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 9028.4 %².
MNY is one of the assets that tracks ANGH most closely: it ranks #1 out of the 10 assets we track against ANGH. The last year tells two different stories: ANGH led by 59.9 percentage points, +4.9% for ANGH against -55.0% for MNY.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ANGH vs MNY: side by side
| ANGH (Anghami Inc.) | MNY (MoneyHero Limited - Class A) | |
|---|---|---|
| 1-year return | +4.9% | -55.0% |
| 5-year return | -96.5% | -91.3% |
| Volatility (ann.) | 124.2% | 157.6% |
| Beta vs S&P 500 | 0.72 | 1.67 |
| Max drawdown (3Y) | -92.7% | -94.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | MNY |
|---|---|---|
| 2022 | -84.3% | +0.9% |
| 2023 | -34.8% | -82.6% |
| 2024 | -20.8% | -34.9% |
| 2025 | -54.2% | +12.5% |
| 2026 | -6.1% | -32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and MNY good diversifiers for each other?
Reasonably. At 0.46, ANGH and MNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANGH and MNY?
The ANGH/MNY correlation stands at 0.46 on a 3-year window (1 year: 0.16, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is MNY a good diversifier for ANGH?
Reasonably. At 0.46, ANGH and MNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ANGH correlations · MNY correlations
