MNDY vs ZETA: Correlation
How closely do monday.com Ltd. (MNDY) and Zeta Global Holdings Corp. (ZETA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDY and ZETA?
Over the past 3 years, MNDY and ZETA moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.53 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 2239.9 %².
Within MNDY's tracked universe of 13 assets, ZETA comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZETA ahead by 97.0 points (-45.3% versus +51.7%).
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 ZETA: side by side
| MNDY (monday.com Ltd.) | ZETA (Zeta Global Holdings Corp.) | |
|---|---|---|
| 1-year return | -45.3% | +51.7% |
| 5-year return | -74.0% | +373.7% |
| Volatility (ann.) | 59.2% | 71.9% |
| Beta vs S&P 500 | 1.96 | 2.30 |
| Max drawdown (3Y) | -82.1% | -70.0% |
| Market cap | $4.2B | $7.5B |
| P/E (trailing) | 42.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDY | ZETA |
|---|---|---|
| 2022 | -60.5% | -3.0% |
| 2023 | +53.9% | +8.0% |
| 2024 | +25.4% | +104.0% |
| 2025 | -37.3% | +13.1% |
| 2026 | -32.6% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDY and ZETA good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MNDY and ZETA?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.66 over the last year and 0.46 over 5 years.
Is ZETA a good diversifier for MNDY?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/mndy-vs-zeta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mndy-vs-zeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNDY correlations · ZETA correlations
