HUBS vs MNDY: Correlation
How closely do HubSpot, Inc. (HUBS) and monday.com Ltd. (MNDY) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBS and MNDY?
Across a 3-year window, the weekly returns of HUBS and MNDY correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 1663.2 %².
By 3-year correlation, MNDY places #11 of the 30 assets tracked against HUBS. Their 12-month results are close: -45.5% for HUBS against -45.3% for MNDY.
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.
HUBS vs MNDY: side by side
| HUBS (HubSpot, Inc.) | MNDY (monday.com Ltd.) | |
|---|---|---|
| 1-year return | -45.5% | -45.3% |
| 5-year return | -63.5% | -74.0% |
| Volatility (ann.) | 50.4% | 59.2% |
| Beta vs S&P 500 | 1.18 | 1.96 |
| Max drawdown (3Y) | -79.2% | -82.1% |
| Market cap | $13.1B | $4.2B |
| P/E (trailing) | 90.7 | 42.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBS | MNDY |
|---|---|---|
| 2022 | -56.1% | -60.5% |
| 2023 | +100.8% | +53.9% |
| 2024 | +20.0% | +25.4% |
| 2025 | -42.4% | -37.3% |
| 2026 | -36.2% | -32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBS and MNDY good diversifiers for each other?
To a limited degree. At 0.56 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 HUBS and MNDY?
As of 2026-08-27, the correlation of weekly returns between HUBS and MNDY is 0.56 over 3 years, 0.57 over 1 year and 0.66 over 5 years.
Is MNDY a good diversifier for HUBS?
To a limited degree. At 0.56 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 0.56 mean?
On the −1 to +1 scale, 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hubs-vs-mndy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubs-vs-mndy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBS correlations · MNDY correlations
