MNDY vs PCOR: Correlation
monday.com Ltd. (MNDY) and Procore Technologies, Inc. (PCOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDY and PCOR?
On 3 years of weekly data the MNDY/PCOR correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.55 over 3. The 5-year figure is 0.63, and annualized covariance runs at 1520.9 %².
Within MNDY's tracked universe of 13 assets, PCOR comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PCOR ahead by 39.3 points (-45.3% versus -6.0%).
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.
MNDY vs PCOR: side by side
| MNDY (monday.com Ltd.) | PCOR (Procore Technologies, Inc.) | |
|---|---|---|
| 1-year return | -45.3% | -6.0% |
| 5-year return | -74.0% | -32.7% |
| Volatility (ann.) | 59.2% | 46.4% |
| Beta vs S&P 500 | 1.96 | 1.31 |
| Max drawdown (3Y) | -82.1% | -56.6% |
| Market cap | $4.2B | $9.7B |
| P/E (trailing) | 42.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDY | PCOR |
|---|---|---|
| 2022 | -60.5% | -41.0% |
| 2023 | +53.9% | +46.7% |
| 2024 | +25.4% | +8.2% |
| 2025 | -37.3% | -2.9% |
| 2026 | -32.6% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDY and PCOR good diversifiers for each other?
Only partially. A correlation of 0.55 means MNDY and PCOR 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 MNDY and PCOR?
The MNDY/PCOR correlation stands at 0.55 on a 3-year window (1 year: 0.55, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is PCOR a good diversifier for MNDY?
Only partially. A correlation of 0.55 means MNDY and PCOR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/mndy-vs-pcor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mndy-vs-pcor/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNDY correlations · PCOR correlations
