BLZE vs. ABEO

Last updated Aug 1, 2026

BLZE (Backblaze, Inc.) and ABEO (Abeona Therapeutics Inc.) are both stocks. BLZE operates in Software - Infrastructure (Technology), while ABEO operates in Biotechnology (Healthcare). Over the past 3 years, BLZE returned 37.65%/yr vs 24.71%/yr for ABEO. Their 0.21 correlation means their historical movements had little consistent relationship.

Performance

BLZE vs. ABEO - Performance Comparison

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

Returns By Period

In the year-to-date period, BLZE achieves a 194.42% return, which is significantly higher than ABEO's 21.82% return.

BLZE

• 1D: 8.63%
• 1M: -12.16%
• 6M: 201.54%
• YTD: 194.42%
• 1Y: 180.57%
• 3Y*: 37.65%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.67%

ABEO

• 1D: -0.77%
• 1M: 0.31%
• 6M: 26.13%
• YTD: 21.82%
• 1Y: -1.08%
• 3Y*: 24.71%
• 5Y*: -26.78%
• 10Y*: -21.74%
• ALL TIME*: -23.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABEO Abeona Therapeutics Inc.	$6.96M	$8.61M	$7.56M
BLZE Backblaze, Inc.	$22.35M	$31.14M	$39.07M

BLZE vs. ABEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BLZE Backblaze, Inc.	194.42%	-22.59%	-20.69%	23.41%	-63.59%	-11.11%
ABEO Abeona Therapeutics Inc.	21.82%	-5.39%	11.18%	62.66%	-63.44%	-64.05%

Correlation

The correlation between BLZE and ABEO is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.21

Fundamentals

Market Cap BLZE : $823.40M ABEO : $365.91M
EPS BLZE : -$0.39 ABEO : $1.12
PS Ratio BLZE : 5.26 ABEO : 26.05
PB Ratio BLZE : 9.61 ABEO : 2.51
Total Revenue (TTM) BLZE : $149.89M ABEO : $14.54M
Gross Profit (TTM) BLZE : $93.07M ABEO : $7.56M
EBITDA (TTM) BLZE : -$899.00K ABEO : -$98.70M

Return for Risk

BLZE vs. ABEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLZE

BLZE Risk / Return Rank: 86
BLZE Sharpe Ratio Rank: 87
BLZE Sortino Ratio Rank: 91
BLZE Omega Ratio Rank: 93
BLZE Calmar Ratio Rank: 84
BLZE Martin Ratio Rank: 76

ABEO

ABEO Risk / Return Rank: 44
ABEO Sharpe Ratio Rank: 45
ABEO Sortino Ratio Rank: 44
ABEO Omega Ratio Rank: 43
ABEO Calmar Ratio Rank: 45
ABEO Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLZE vs. ABEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Backblaze, Inc. (BLZE) and Abeona Therapeutics Inc. (ABEO). 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.

	BLZE	ABEO	Difference
Sharpe ratio: Return per unit of total volatility	1.66	0.02	+1.64
Sortino ratio: Return per unit of downside risk	2.90	0.42	+2.48
Omega ratio: Gain probability vs. loss probability	1.41	1.05	+0.37
Calmar ratio: Return relative to maximum drawdown	2.54	0.02	+2.53
Martin ratio: Return relative to average drawdown	4.05	0.03	+4.02

BLZE vs. ABEO - Sharpe Ratio Comparison

The current BLZE Sharpe Ratio is 1.66, which is higher than the ABEO Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of BLZE and ABEO, 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

BLZE vs. ABEO - Drawdown Comparison

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

Drawdown Indicators

	BLZE	ABEO	Difference
Max Drawdown Largest peak-to-trough decline	-89.49%	-100.00%	+10.51%
Max Drawdown (1Y) Largest decline over 1 year	-69.21%	-42.32%	-26.89%
Max Drawdown (3Y) Largest decline over 3 years	-72.02%	-63.48%	-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	-56.44%	-100.00%	+43.56%
Average Drawdown Average peak-to-trough decline	-76.94%	-90.67%	+13.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.40%	25.79%	+17.61%

Volatility

BLZE vs. ABEO - Volatility Comparison

Backblaze, Inc. (BLZE) has a higher volatility of 27.88% compared to Abeona Therapeutics Inc. (ABEO) at 15.66%. This indicates that BLZE's price experiences larger fluctuations and is considered to be riskier than ABEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLZE	ABEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.88%	15.66%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	77.46%	32.46%	+45.00%
Volatility (1Y) Calculated over the trailing 1-year period	106.44%	52.34%	+54.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.97%	78.62%	+6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.97%	90.27%	-5.30%

Dividends

BLZE vs. ABEO - Dividend Comparison

Neither BLZE nor ABEO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BLZE and ABEO in my portfolio?

BLZE and ABEO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLZE or ABEO?

BLZE has higher volatility (27.88%) compared to ABEO (15.66%). In terms of maximum drawdown, BLZE dropped -89.49% vs ABEO's -100.00%.

Which has better risk-adjusted returns?

BLZE currently has the higher Sharpe Ratio (1.66 vs 0.02), 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.