BLZE vs. JPM
BLZE (Backblaze, Inc.) and JPM (JPMorgan Chase & Co.) are both stocks. BLZE operates in Software - Infrastructure (Technology), while JPM operates in Banks - Diversified (Financial Services). Over the past 3 years, BLZE returned 40.78%/yr vs 37.00%/yr for JPM. At a 0.24 correlation, their price movements are largely independent.
Performance
BLZE vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, BLZE achieves a 156.87% return, which is significantly higher than JPM's 4.48% return.
BLZE
- 1D
- 2.66%
- 1M
- 56.06%
- YTD
- 156.87%
- 6M
- 149.37%
- 1Y
- 120.04%
- 3Y*
- 40.78%
- 5Y*
- —
- 10Y*
- —
JPM
- 1D
- -0.21%
- 1M
- 8.84%
- YTD
- 4.48%
- 6M
- 2.28%
- 1Y
- 20.86%
- 3Y*
- 37.00%
- 5Y*
- 19.69%
- 10Y*
- 21.99%
BLZE vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLZE Backblaze, Inc. | 156.87% | -22.59% | -20.69% | 23.41% | -63.59% | -11.11% |
JPM JPMorgan Chase & Co. | 4.48% | 37.27% | 44.29% | 30.63% | -12.64% | -5.53% |
Correlation
The correlation between BLZE and JPM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.24 |
Fundamentals
BLZE:
$709.70M
JPM:
$931.56B
BLZE:
-$0.39
JPM:
$21.08
BLZE:
4.55
JPM:
3.27
BLZE:
8.38
JPM:
2.71
BLZE:
$149.89M
JPM:
$285.09B
BLZE:
$93.07M
JPM:
$173.52B
BLZE:
-$899.00K
JPM:
$81.46B
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Return for Risk
BLZE vs. JPM — Risk / Return Rank
BLZE
JPM
BLZE vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Backblaze, Inc. (BLZE) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.17 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.35 | +0.39 |
| Martin ratioReturn relative to average drawdown | 2.80 | 3.19 | -0.39 |
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Drawdowns
BLZE vs. JPM - Drawdown Comparison
The maximum BLZE drawdown since its inception was -89.49%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for BLZE and JPM.
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Drawdown Indicators
| BLZE | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -76.16% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -69.21% | -15.47% | -53.74% |
Max Drawdown (3Y)Largest decline over 3 years | -72.02% | -24.42% | -47.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -62.00% | -0.21% | -61.79% |
Average DrawdownAverage peak-to-trough decline | -77.45% | -17.60% | -59.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.98% | 6.55% | +36.43% |
Volatility
BLZE vs. JPM - Volatility Comparison
Backblaze, Inc. (BLZE) has a higher volatility of 41.60% compared to JPMorgan Chase & Co. (JPM) at 7.34%. This indicates that BLZE's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLZE | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.60% | 7.34% | +34.26% |
Volatility (6M)Calculated over the trailing 6-month period | 71.82% | 17.09% | +54.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.38% | 22.10% | +80.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.62% | 24.47% | +60.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.62% | 27.34% | +57.28% |
Dividends
BLZE vs. JPM - Dividend Comparison
BLZE has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLZE Backblaze, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPM JPMorgan Chase & Co. | 1.77% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
Financials
BLZE vs. JPM - Financials Comparison
This section allows you to compare key financial metrics between Backblaze, Inc. and JPMorgan Chase & Co.. 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
BLZE vs. JPM - Profitability Comparison
BLZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Backblaze, Inc. reported a gross profit of 23.53M and revenue of 38.67M. Therefore, the gross margin over that period was 60.9%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
BLZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Backblaze, Inc. reported an operating income of -5.35M and revenue of 38.67M, resulting in an operating margin of -13.8%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
BLZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Backblaze, Inc. reported a net income of -6.15M and revenue of 38.67M, resulting in a net margin of -15.9%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
Frequently Asked Questions
BLZE and JPM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLZE has higher volatility (41.60%) compared to JPM (7.34%). In terms of maximum drawdown, BLZE dropped -89.49% vs JPM's -76.16%.
BLZE currently has the higher Sharpe Ratio (1.18 vs 0.95), 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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