BRZE vs. KVYO
BRZE (Braze, Inc.) and KVYO (Klaviyo Inc.) are both stocks. Both are in the Technology sector — BRZE in Software - Application, KVYO in Software - Infrastructure. Over the past year, BRZE returned -5.06% vs -46.15% for KVYO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
BRZE vs. KVYO - Performance Comparison
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Returns By Period
In the year-to-date period, BRZE achieves a -26.71% return, which is significantly higher than KVYO's -47.92% return.
BRZE
- 1D
- 1.17%
- 1M
- 16.02%
- 6M
- -16.43%
- YTD
- -26.71%
- 1Y
- -5.06%
- 3Y*
- -16.48%
- 5Y*
- —
- 10Y*
- —
KVYO
- 1D
- -1.46%
- 1M
- 19.00%
- 6M
- -40.83%
- YTD
- -47.92%
- 1Y
- -46.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRZE vs. KVYO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRZE Braze, Inc. | -26.71% | -18.12% | -21.17% | 15.02% |
KVYO Klaviyo Inc. | -47.92% | -21.27% | 48.45% | -24.41% |
Correlation
The correlation between BRZE and KVYO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.62 |
The correlation between BRZE and KVYO has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
Fundamentals
BRZE:
$2.83B
KVYO:
$5.07B
BRZE:
-$1.13
KVYO:
-$0.03
BRZE:
3.46
KVYO:
3.93
BRZE:
4.79
KVYO:
4.48
BRZE:
$787.12M
KVYO:
$1.31B
BRZE:
$523.12M
KVYO:
$978.26M
BRZE:
-$110.18M
KVYO:
-$28.45M
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Return for Risk
BRZE vs. KVYO — Risk / Return Rank
BRZE
KVYO
BRZE vs. KVYO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) and Klaviyo Inc. (KVYO). 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.
| BRZE | KVYO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.90 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.75 | +0.57 |
| Martin ratioReturn relative to average drawdown | -0.33 | -1.29 | +0.96 |
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Drawdowns
BRZE vs. KVYO - Drawdown Comparison
The maximum BRZE drawdown since its inception was -83.23%, which is greater than KVYO's maximum drawdown of -73.86%. Use the drawdown chart below to compare losses from any high point for BRZE and KVYO.
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Drawdown Indicators
| BRZE | KVYO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -73.86% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -56.37% | -64.20% | +7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -73.56% | — | — |
Current DrawdownCurrent decline from peak | -73.31% | -65.62% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -60.21% | -32.61% | -27.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 37.12% | -7.28% |
Volatility
BRZE vs. KVYO - Volatility Comparison
Braze, Inc. (BRZE) and Klaviyo Inc. (KVYO) have volatilities of 13.98% and 14.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRZE | KVYO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 14.53% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 53.73% | 62.93% | -9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.29% | 69.67% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.41% | 62.19% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.41% | 62.19% | +2.22% |
Dividends
BRZE vs. KVYO - Dividend Comparison
Neither BRZE nor KVYO has paid dividends to shareholders.
Financials
BRZE vs. KVYO - Financials Comparison
This section allows you to compare key financial metrics between Braze, Inc. and Klaviyo 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
BRZE vs. KVYO - Profitability Comparison
BRZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Braze, Inc. reported a gross profit of 138.66M and revenue of 211.00M. Therefore, the gross margin over that period was 65.7%.
KVYO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Klaviyo Inc. reported a gross profit of 268.89M and revenue of 358.01M. Therefore, the gross margin over that period was 75.1%.
BRZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Braze, Inc. reported an operating income of -27.51M and revenue of 211.00M, resulting in an operating margin of -13.0%.
KVYO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Klaviyo Inc. reported an operating income of 1.75M and revenue of 358.01M, resulting in an operating margin of 0.5%.
BRZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Braze, Inc. reported a net income of -26.59M and revenue of 211.00M, resulting in a net margin of -12.6%.
KVYO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Klaviyo Inc. reported a net income of 9.04M and revenue of 358.01M, resulting in a net margin of 2.5%.
Frequently Asked Questions
BRZE and KVYO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KVYO has higher volatility (14.53%) compared to BRZE (13.98%). In terms of maximum drawdown, BRZE dropped -83.23% vs KVYO's -73.86%.
BRZE currently has the higher Sharpe Ratio (-0.15 vs -0.69), 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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