GTLB vs MDB: Correlation
GitLab Inc. (GTLB) and MongoDB, Inc. (MDB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTLB and MDB?
Across a 3-year window, the weekly returns of GTLB and MDB correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 1910.3 %².
Among the 19 assets we track against GTLB, MDB ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MDB ahead by 54.2 points (-5.2% versus +49.0%).
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.
GTLB vs MDB: side by side
| GTLB (GitLab Inc.) | MDB (MongoDB, Inc.) | |
|---|---|---|
| 1-year return | -5.2% | +49.0% |
| 5-year return | -56.9% | +11.2% |
| Volatility (ann.) | 52.0% | 63.4% |
| Beta vs S&P 500 | 1.49 | 1.93 |
| Max drawdown (3Y) | -75.0% | -70.9% |
| Market cap | $7.6B | $35.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTLB | MDB |
|---|---|---|
| 2022 | -47.8% | -62.8% |
| 2023 | +38.6% | +107.7% |
| 2024 | -10.5% | -43.1% |
| 2025 | -33.4% | +80.3% |
| 2026 | +19.4% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTLB and MDB good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GTLB and MDB?
The GTLB/MDB correlation stands at 0.58 on a 3-year window (1 year: 0.50, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is MDB a good diversifier for GTLB?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gtlb-vs-mdb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtlb-vs-mdb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTLB correlations · MDB correlations
