CRM vs MNDY: Correlation
Salesforce (CRM) and monday.com Ltd. (MNDY) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and MNDY?
Over the past 3 years, CRM and MNDY moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1304.4 %².
By 3-year correlation, MNDY places #20 of the 68 assets tracked against CRM. The last year tells two different stories: CRM led by 46.9 percentage points, +1.6% for CRM against -45.3% for MNDY. One caveat on sizing: MNDY is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRM vs MNDY: side by side
| CRM (Salesforce) | MNDY (monday.com Ltd.) | |
|---|---|---|
| 1-year return | +1.6% | -45.3% |
| 5-year return | -3.2% | -74.0% |
| Volatility (ann.) | 37.6% | 59.2% |
| Beta vs S&P 500 | 1.21 | 1.96 |
| Max drawdown (3Y) | -58.7% | -82.1% |
| Market cap | $207.4B | $4.2B |
| P/E (trailing) | 18.8 | 42.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | MNDY |
|---|---|---|
| 2022 | -47.8% | -60.5% |
| 2023 | +98.5% | +53.9% |
| 2024 | +27.8% | +25.4% |
| 2025 | -20.2% | -37.3% |
| 2026 | -4.4% | -32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and MNDY good diversifiers for each other?
Only partially. A correlation of 0.59 means CRM and MNDY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRM and MNDY?
As of 2026-08-27, the correlation of weekly returns between CRM and MNDY is 0.59 over 3 years, 0.67 over 1 year and 0.57 over 5 years.
Is MNDY a good diversifier for CRM?
Only partially. A correlation of 0.59 means CRM and MNDY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-mndy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-mndy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · MNDY correlations
