BL vs. LMND
BL (BlackLine, Inc.) and LMND (Lemonade, Inc.) are both stocks. BL operates in Software - Infrastructure (Technology), while LMND operates in Insurance - Property & Casualty (Financial Services). Over the past 5 years, BL returned -22.99%/yr vs -11.55%/yr for LMND. At a 0.45 correlation, their price movements are largely independent.
Performance
BL vs. LMND - Performance Comparison
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Returns By Period
In the year-to-date period, BL achieves a -48.04% return, which is significantly lower than LMND's -19.23% return.
BL
- 1D
- 2.86%
- 1M
- 13.87%
- YTD
- -48.04%
- 6M
- -51.03%
- 1Y
- -48.48%
- 3Y*
- -19.03%
- 5Y*
- -22.99%
- 10Y*
- —
LMND
- 1D
- 0.54%
- 1M
- 8.74%
- YTD
- -19.23%
- 6M
- -26.15%
- 1Y
- 36.46%
- 3Y*
- 39.69%
- 5Y*
- -11.55%
- 10Y*
- —
BL vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BL BlackLine, Inc. | -48.04% | -9.00% | -2.69% | -7.18% | -35.03% | -22.37% | 53.03% |
LMND Lemonade, Inc. | -19.23% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 144.71% |
Correlation
The correlation between BL and LMND is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.45 |
The correlation between BL and LMND shifts across timeframes, from 0.38 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BL:
$2.01B
LMND:
$4.39B
BL:
$0.39
LMND:
-$1.88
BL:
2.70
LMND:
5.18
BL:
6.56
LMND:
8.47
BL:
$716.65M
LMND:
$821.10M
BL:
$539.92M
LMND:
$390.70M
BL:
$87.84M
LMND:
-$120.70M
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Return for Risk
BL vs. LMND — Risk / Return Rank
BL
LMND
BL vs. LMND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackLine, Inc. (BL) and Lemonade, Inc. (LMND). 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.
| BL | LMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.15 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.77 | -1.62 |
| Martin ratioReturn relative to average drawdown | -1.81 | 1.48 | -3.29 |
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Drawdowns
BL vs. LMND - Drawdown Comparison
The maximum BL drawdown since its inception was -83.22%, smaller than the maximum LMND drawdown of -94.23%. Use the drawdown chart below to compare losses from any high point for BL and LMND.
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Drawdown Indicators
| BL | LMND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.22% | -94.23% | +11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -57.11% | -47.70% | -9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -63.25% | -56.10% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -80.80% | -90.63% | +9.83% |
Current DrawdownCurrent decline from peak | -80.89% | -68.63% | -12.26% |
Average DrawdownAverage peak-to-trough decline | -35.17% | -73.02% | +37.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.79% | 24.64% | +2.15% |
Volatility
BL vs. LMND - Volatility Comparison
BlackLine, Inc. (BL) has a higher volatility of 19.95% compared to Lemonade, Inc. (LMND) at 15.88%. This indicates that BL's price experiences larger fluctuations and is considered to be riskier than LMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BL | LMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.95% | 15.88% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 41.65% | 53.78% | -12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.61% | 84.53% | -37.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.70% | 82.20% | -37.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.85% | 86.51% | -41.66% |
Dividends
BL vs. LMND - Dividend Comparison
Neither BL nor LMND has paid dividends to shareholders.
Financials
BL vs. LMND - Financials Comparison
This section allows you to compare key financial metrics between BlackLine, Inc. and Lemonade, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BL vs. LMND - Profitability Comparison
BL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported a gross profit of 139.15M and revenue of 183.16M. Therefore, the gross margin over that period was 76.0%.
LMND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a gross profit of 101.10M and revenue of 234.40M. Therefore, the gross margin over that period was 43.1%.
BL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported an operating income of 6.24M and revenue of 183.16M, resulting in an operating margin of 3.4%.
LMND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported an operating income of -34.60M and revenue of 234.40M, resulting in an operating margin of -14.8%.
BL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported a net income of 8.13M and revenue of 183.16M, resulting in a net margin of 4.4%.
LMND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a net income of -35.80M and revenue of 234.40M, resulting in a net margin of -15.3%.
Frequently Asked Questions
BL and LMND have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BL has higher volatility (19.95%) compared to LMND (15.88%). In terms of maximum drawdown, BL dropped -83.22% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.43 vs -1.04), 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.
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