MNY vs SANG: Correlation
Measured on weekly returns over the past three years, MoneyHero Limited - Class A (MNY) and Sangoma Technologies Corporation (SANG) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNY and SANG?
On 3 years of weekly data the MNY/SANG correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.35). The 5-year figure is 0.21, and annualized covariance runs at 2348.7 %².
Within MNY's tracked universe of 11 assets, SANG comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SANG outperformed by 19.1 percentage points (-55.0% for MNY against -35.9% for SANG). Risk is not evenly split, since MNY carries 3.7 times the volatility of the other side.
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.
MNY vs SANG: side by side
| MNY (MoneyHero Limited - Class A) | SANG (Sangoma Technologies Corporation) | |
|---|---|---|
| 1-year return | -55.0% | -35.9% |
| 5-year return | -91.3% | -78.8% |
| Volatility (ann.) | 157.6% | 42.3% |
| Beta vs S&P 500 | 1.67 | 0.77 |
| Max drawdown (3Y) | -94.1% | -55.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNY | SANG |
|---|---|---|
| 2022 | +0.9% | -71.2% |
| 2023 | -82.6% | -34.0% |
| 2024 | -34.9% | +123.1% |
| 2025 | +12.5% | -29.0% |
| 2026 | -32.2% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNY and SANG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MNY and SANG?
The MNY/SANG correlation stands at 0.35 on a 3-year window (1 year: 0.18, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is SANG a good diversifier for MNY?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/mny-vs-sang.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mny-vs-sang/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNY correlations · SANG correlations
