BLND vs. AVDX

Last updated Jun 9, 2026

BLND (Blend Labs, Inc.) and AVDX (AvidXchange Holdings, Inc.) are both stocks. Both are in the Technology sector — BLND in Software - Application, AVDX in Software - Infrastructure. At a 0.32 correlation, their price movements are largely independent.

Performance

BLND vs. AVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blend Labs, Inc. (BLND) and AvidXchange Holdings, Inc. (AVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLND

• 1D: 5.56%
• 1M: 23.91%
• YTD: -43.75%
• 6M: -46.89%
• 1Y: -54.28%
• 3Y*: 20.39%
• 5Y*: —
• 10Y*: —

AVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLND vs. AVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BLND Blend Labs, Inc.	-43.75%	-27.79%	65.10%	77.08%	-80.38%	-45.87%
AVDX AvidXchange Holdings, Inc.	0.00%	-3.29%	-16.55%	24.65%	-34.00%	-39.62%

Correlation

The correlation between BLND and AVDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.32

The correlation between BLND and AVDX shifts across timeframes, from 0.21 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BLND : $437.13M AVDX : $2.07B
EPS BLND : -$0.04 AVDX : -$0.04
PS Ratio BLND : 3.49 AVDX : 4.63
Total Revenue (TTM) BLND : $127.59M AVDX : $446.72M
Gross Profit (TTM) BLND : $95.50M AVDX : $323.96M
EBITDA (TTM) BLND : -$16.09M AVDX : $36.84M

Return for Risk

BLND vs. AVDX — Risk / Return Rank

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

BLND

BLND Risk / Return Rank: 12
BLND Sharpe Ratio Rank: 10
BLND Sortino Ratio Rank: 12
BLND Omega Ratio Rank: 13
BLND Calmar Ratio Rank: 12
BLND Martin Ratio Rank: 11

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.

BLND vs. AVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blend Labs, Inc. (BLND) and AvidXchange Holdings, Inc. (AVDX). 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.

	BLND	AVDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	—	—
Sortino ratio: Return per unit of downside risk	-0.97	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.80	—	—
Martin ratio: Return relative to average drawdown	-1.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BLND	AVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	—	—

Drawdowns

Drawdown Indicators

	BLND	AVDX	Difference
Max Drawdown Largest peak-to-trough decline	-97.37%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-68.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.21%	—	—
Current Drawdown Current decline from peak	-91.82%	—	—
Average Drawdown Average peak-to-trough decline	-81.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	40.92%	—	—

Volatility

Volatility by Period

	BLND	AVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.43%	—	—

Dividends

BLND vs. AVDX - Dividend Comparison

Neither BLND nor AVDX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BLND vs. AVDX - Profitability Comparison

The chart below illustrates the profitability comparison between Blend Labs, Inc. and AvidXchange Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BLND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a gross profit of 23.37M and revenue of 30.84M. Therefore, the gross margin over that period was 75.8%.

AVDX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a gross profit of 79.62M and revenue of 110.57M. Therefore, the gross margin over that period was 72.0%.

BLND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported an operating income of -5.06M and revenue of 30.84M, resulting in an operating margin of -16.4%.

AVDX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported an operating income of -12.41M and revenue of 110.57M, resulting in an operating margin of -11.2%.

BLND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a net income of -12.78M and revenue of 30.84M, resulting in a net margin of -41.4%.

AVDX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a net income of -9.46M and revenue of 110.57M, resulting in a net margin of -8.6%.

Frequently Asked Questions

Can I hold both BLND and AVDX in my portfolio?

BLND and AVDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.