ABEO vs. BLZE

Last updated Jul 11, 2026

ABEO (Abeona Therapeutics Inc.) and BLZE (Backblaze, Inc.) are both stocks. ABEO operates in Biotechnology (Healthcare), while BLZE operates in Software - Infrastructure (Technology). Over the past 3 years, ABEO returned 19.41%/yr vs 48.36%/yr for BLZE. At a 0.20 correlation, their price movements are largely independent.

Performance

ABEO vs. BLZE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abeona Therapeutics Inc. (ABEO) and Backblaze, Inc. (BLZE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABEO achieves a 32.45% return, which is significantly lower than BLZE's 277.68% return.

ABEO

• 1D: -1.97%
• 1M: 26.22%
• 6M: 34.49%
• YTD: 32.45%
• 1Y: 21.60%
• 3Y*: 19.41%
• 5Y*: -28.93%
• 10Y*: -19.49%

BLZE

• 1D: -1.29%
• 1M: 122.22%
• 6M: 252.00%
• YTD: 277.68%
• 1Y: 241.09%
• 3Y*: 48.36%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABEO vs. BLZE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ABEO Abeona Therapeutics Inc.	32.45%	-5.39%	11.18%	62.66%	-63.44%	-64.05%
BLZE Backblaze, Inc.	277.68%	-22.59%	-20.69%	23.41%	-63.59%	-11.11%

Correlation

The correlation between ABEO and BLZE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.20

Fundamentals

Market Cap ABEO : $397.83M BLZE : $1.06B
EPS ABEO : $1.12 BLZE : -$0.39
PS Ratio ABEO : 28.32 BLZE : 6.75
PB Ratio ABEO : 2.73 BLZE : 12.33
Total Revenue (TTM) ABEO : $14.54M BLZE : $149.89M
Gross Profit (TTM) ABEO : $7.56M BLZE : $93.07M
EBITDA (TTM) ABEO : -$98.70M BLZE : -$899.00K

Return for Risk

ABEO vs. BLZE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABEO

ABEO Risk / Return Rank: 57
ABEO Sharpe Ratio Rank: 59
ABEO Sortino Ratio Rank: 58
ABEO Omega Ratio Rank: 55
ABEO Calmar Ratio Rank: 57
ABEO Martin Ratio Rank: 54

BLZE

BLZE Risk / Return Rank: 90
BLZE Sharpe Ratio Rank: 93
BLZE Sortino Ratio Rank: 94
BLZE Omega Ratio Rank: 95
BLZE Calmar Ratio Rank: 88
BLZE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABEO vs. BLZE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abeona Therapeutics Inc. (ABEO) and Backblaze, Inc. (BLZE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABEO	BLZE	Difference
Sharpe ratio: Return per unit of total volatility	0.37	2.22	-1.85
Sortino ratio: Return per unit of downside risk	0.94	3.40	-2.46
Omega ratio: Gain probability vs. loss probability	1.11	1.51	-0.40
Calmar ratio: Return relative to maximum drawdown	0.46	3.33	-2.87
Martin ratio: Return relative to average drawdown	0.75	5.36	-4.60

ABEO vs. BLZE - Sharpe Ratio Comparison

The current ABEO Sharpe Ratio is 0.37, which is lower than the BLZE Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ABEO and BLZE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABEO vs. BLZE - Drawdown Comparison

The maximum ABEO drawdown since its inception was -100.00%, which is greater than BLZE's maximum drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for ABEO and BLZE.

Drawdown Indicators

	ABEO	BLZE	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-89.49%	-10.51%
Max Drawdown (1Y) Largest decline over 1 year	-42.32%	-69.21%	+26.89%
Max Drawdown (3Y) Largest decline over 3 years	-63.48%	-72.02%	+8.54%
Max Drawdown (5Y) Largest decline over 5 years	-93.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.58%	—	—
Current Drawdown Current decline from peak	-100.00%	-44.13%	-55.87%
Average Drawdown Average peak-to-trough decline	-90.66%	-77.19%	-13.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.67%	42.95%	-17.28%

Volatility

ABEO vs. BLZE - Volatility Comparison

The current volatility for Abeona Therapeutics Inc. (ABEO) is 13.32%, while Backblaze, Inc. (BLZE) has a volatility of 37.79%. This indicates that ABEO experiences smaller price fluctuations and is considered to be less risky than BLZE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABEO	BLZE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.32%	37.79%	-24.47%
Volatility (6M) Calculated over the trailing 6-month period	32.16%	73.64%	-41.48%
Volatility (1Y) Calculated over the trailing 1-year period	52.01%	103.74%	-51.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.73%	84.72%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.23%	84.72%	+5.51%

Dividends

ABEO vs. BLZE - Dividend Comparison

Neither ABEO nor BLZE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ABEO and BLZE in my portfolio?

ABEO and BLZE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABEO or BLZE?

BLZE has higher volatility (37.79%) compared to ABEO (13.32%). In terms of maximum drawdown, ABEO dropped -100.00% vs BLZE's -89.49%.

Which has better risk-adjusted returns?

BLZE currently has the higher Sharpe Ratio (2.22 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.