BRZE vs. MP
BRZE (Braze, Inc.) and MP (MP Materials Corp.) are both stocks. BRZE operates in Software - Application (Technology), while MP operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, BRZE returned -16.48%/yr vs 27.30%/yr for MP. At a 0.31 correlation, their price movements are largely independent.
Performance
BRZE vs. MP - Performance Comparison
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Returns By Period
In the year-to-date period, BRZE achieves a -26.71% return, which is significantly lower than MP's 3.35% return.
BRZE
- 1D
- 1.17%
- 1M
- 16.02%
- 6M
- -16.43%
- YTD
- -26.71%
- 1Y
- -5.06%
- 3Y*
- -16.48%
- 5Y*
- —
- 10Y*
- —
MP
- 1D
- 0.97%
- 1M
- -9.28%
- 6M
- -15.79%
- YTD
- 3.35%
- 1Y
- 15.74%
- 3Y*
- 27.30%
- 5Y*
- 7.21%
- 10Y*
- —
BRZE vs. MP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRZE Braze, Inc. | -26.71% | -18.12% | -21.17% | 94.76% | -64.64% | -11.51% |
MP MP Materials Corp. | 3.35% | 223.85% | -21.41% | -18.25% | -46.54% | 3.60% |
Correlation
The correlation between BRZE and MP is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.31 |
Over the past year, the correlation between BRZE and MP has dropped to 0.04 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
BRZE:
$2.83B
MP:
$9.29B
BRZE:
-$1.13
MP:
-$0.57
BRZE:
3.46
MP:
21.33
BRZE:
$787.12M
MP:
$305.30M
BRZE:
$523.12M
MP:
$25.30M
BRZE:
-$110.18M
MP:
$1.52M
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Return for Risk
BRZE vs. MP — Risk / Return Rank
BRZE
MP
BRZE vs. MP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) and MP Materials Corp. (MP). 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 | MP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.10 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.29 | -0.46 |
| Martin ratioReturn relative to average drawdown | -0.33 | 0.45 | -0.79 |
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Drawdowns
BRZE vs. MP - Drawdown Comparison
The maximum BRZE drawdown since its inception was -83.23%, roughly equal to the maximum MP drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for BRZE and MP.
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Drawdown Indicators
| BRZE | MP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -81.99% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -56.37% | -53.79% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -73.56% | -57.80% | -15.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.99% | — |
Current DrawdownCurrent decline from peak | -73.31% | -47.08% | -26.23% |
Average DrawdownAverage peak-to-trough decline | -60.21% | -42.60% | -17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.84% | 34.09% | -4.25% |
Volatility
BRZE vs. MP - Volatility Comparison
Braze, Inc. (BRZE) and MP Materials Corp. (MP) have volatilities of 13.98% and 14.71%, 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 | MP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 14.71% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 53.73% | 50.74% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.29% | 91.32% | -25.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.41% | 69.66% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.41% | 72.41% | -8.00% |
Dividends
BRZE vs. MP - Dividend Comparison
Neither BRZE nor MP has paid dividends to shareholders.
Financials
BRZE vs. MP - Financials Comparison
This section allows you to compare key financial metrics between Braze, Inc. and MP Materials Corp.. 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. MP - 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%.
MP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, MP Materials Corp. reported a gross profit of 0.00 and revenue of 90.65M. Therefore, the gross margin over that period was 0.0%.
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%.
MP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, MP Materials Corp. reported an operating income of 0.00 and revenue of 90.65M, resulting in an operating margin of 0.0%.
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%.
MP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, MP Materials Corp. reported a net income of -7.97M and revenue of 90.65M, resulting in a net margin of -8.8%.
Frequently Asked Questions
BRZE and MP have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (14.71%) compared to BRZE (13.98%). In terms of maximum drawdown, BRZE dropped -83.23% vs MP's -81.99%.
MP currently has the higher Sharpe Ratio (0.20 vs -0.15), 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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