BLND vs. SHOP
BLND (Blend Labs, Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, BLND returned 16.10%/yr vs 19.24%/yr for SHOP. At a 0.37 correlation, their price movements are largely independent.
Performance
BLND vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, BLND achieves a -44.41% return, which is significantly lower than SHOP's -32.76% return.
BLND
- 1D
- -3.43%
- 1M
- 15.75%
- YTD
- -44.41%
- 6M
- -46.01%
- 1Y
- -51.85%
- 3Y*
- 16.10%
- 5Y*
- —
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
BLND vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLND Blend Labs, Inc. | -44.41% | -27.79% | 65.10% | 77.08% | -80.38% | -63.30% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | -4.45% |
Correlation
The correlation between BLND and SHOP is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.37 |
Fundamentals
BLND:
$432.01M
SHOP:
$141.08B
BLND:
-$0.04
SHOP:
$1.02
BLND:
3.45
SHOP:
15.39
BLND:
$127.59M
SHOP:
$9.20B
BLND:
$95.50M
SHOP:
$5.93B
BLND:
-$16.09M
SHOP:
$1.60B
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Return for Risk
BLND vs. SHOP — Risk / Return Rank
BLND
SHOP
BLND vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blend Labs, Inc. (BLND) and Shopify Inc. (SHOP). 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.
| BLND | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.05 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.02 | -0.74 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.04 | -1.21 |
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Drawdowns
BLND vs. SHOP - Drawdown Comparison
The maximum BLND drawdown since its inception was -97.37%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for BLND and SHOP.
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Drawdown Indicators
| BLND | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.37% | -84.82% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -68.42% | -46.71% | -21.71% |
Max Drawdown (3Y)Largest decline over 3 years | -74.21% | -46.71% | -27.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -91.91% | -39.53% | -52.38% |
Average DrawdownAverage peak-to-trough decline | -81.07% | -28.23% | -52.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.53% | 22.27% | +19.26% |
Volatility
BLND vs. SHOP - Volatility Comparison
Blend Labs, Inc. (BLND) has a higher volatility of 23.76% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that BLND's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLND | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.76% | 15.38% | +8.38% |
Volatility (6M)Calculated over the trailing 6-month period | 54.66% | 43.41% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.73% | 57.03% | +14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.34% | 65.55% | +18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.34% | 59.07% | +25.27% |
Dividends
BLND vs. SHOP - Dividend Comparison
Neither BLND nor SHOP has paid dividends to shareholders.
Financials
BLND vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Blend Labs, Inc. and Shopify 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
Frequently Asked Questions
BLND and SHOP have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLND has higher volatility (23.76%) compared to SHOP (15.38%). In terms of maximum drawdown, BLND dropped -97.37% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.73), 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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