BLZE vs. MRAM
BLZE (Backblaze, Inc.) and MRAM (Everspin Technologies, Inc.) are both stocks. Both are in the Technology sector — BLZE in Software - Infrastructure, MRAM in Semiconductors. Over the past 3 years, BLZE returned 37.65%/yr vs 15.14%/yr for MRAM. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
BLZE vs. MRAM - Performance Comparison
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Returns By Period
In the year-to-date period, BLZE achieves a 194.42% return, which is significantly higher than MRAM's 56.57% 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%
MRAM
- 1D
- 0.48%
- 1M
- -24.09%
- 6M
- 11.86%
- YTD
- 56.57%
- 1Y
- 141.76%
- 3Y*
- 15.14%
- 5Y*
- 20.33%
- 10Y*
- —
- ALL TIME*
- 4.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BLZE Backblaze, Inc. | $22.35M | $31.14M | $39.07M |
| $15.97M | $19.07M | $104.00M |
BLZE vs. MRAM - 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% |
MRAM Everspin Technologies, Inc. | 56.57% | 45.23% | -29.31% | 62.59% | -50.80% | 71.21% |
Correlation
The correlation between BLZE and MRAM is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.34 |
Fundamentals
BLZE:
$823.40M
MRAM:
$340.69M
BLZE:
-$0.39
MRAM:
$0.01
BLZE:
5.26
MRAM:
5.97
BLZE:
9.61
MRAM:
4.79
BLZE:
$149.89M
MRAM:
$56.94M
BLZE:
$93.07M
MRAM:
$29.33M
BLZE:
-$899.00K
MRAM:
-$3.33M
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Return for Risk
BLZE vs. MRAM — Risk / Return Rank
BLZE
MRAM
BLZE vs. MRAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Backblaze, Inc. (BLZE) and Everspin Technologies, Inc. (MRAM). 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 | MRAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.99 | +0.55 |
| Martin ratioReturn relative to average drawdown | 4.05 | 4.51 | -0.46 |
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Drawdowns
BLZE vs. MRAM - Drawdown Comparison
The maximum BLZE drawdown since its inception was -89.49%, roughly equal to the maximum MRAM drawdown of -91.28%. Use the drawdown chart below to compare losses from any high point for BLZE and MRAM.
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Drawdown Indicators
| BLZE | MRAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.49% | -91.28% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -69.21% | -70.62% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -72.02% | -70.62% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.62% | — |
Current DrawdownCurrent decline from peak | -56.44% | -66.98% | +10.54% |
Average DrawdownAverage peak-to-trough decline | -76.94% | -64.84% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.40% | 31.15% | +12.25% |
Volatility
BLZE vs. MRAM - Volatility Comparison
The current volatility for Backblaze, Inc. (BLZE) is 27.88%, while Everspin Technologies, Inc. (MRAM) has a volatility of 32.09%. This indicates that BLZE experiences smaller price fluctuations and is considered to be less risky than MRAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLZE | MRAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.88% | 32.09% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 77.46% | 93.08% | -15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.44% | 112.43% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.97% | 78.21% | +6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.97% | 79.03% | +5.94% |
Dividends
BLZE vs. MRAM - Dividend Comparison
Neither BLZE nor MRAM has paid dividends to shareholders.
Financials
BLZE vs. MRAM - Financials Comparison
This section allows you to compare key financial metrics between Backblaze, Inc. and Everspin Technologies, 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
BLZE vs. MRAM - Profitability Comparison
BLZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
MRAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Everspin Technologies, Inc. reported a gross profit of 7.84M and revenue of 14.87M. Therefore, the gross margin over that period was 52.7%.
BLZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Backblaze, Inc. reported an operating income of -5.35M and revenue of 38.67M, resulting in an operating margin of -13.8%.
MRAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Everspin Technologies, Inc. reported an operating income of -2.72M and revenue of 14.87M, resulting in an operating margin of -18.3%.
BLZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Backblaze, Inc. reported a net income of -6.15M and revenue of 38.67M, resulting in a net margin of -15.9%.
MRAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Everspin Technologies, Inc. reported a net income of -290.00K and revenue of 14.87M, resulting in a net margin of -2.0%.
Frequently Asked Questions
BLZE and MRAM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRAM has higher volatility (32.09%) compared to BLZE (27.88%). In terms of maximum drawdown, BLZE dropped -89.49% vs MRAM's -91.28%.
BLZE currently has the higher Sharpe Ratio (1.66 vs 1.25), 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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