BX vs. NOW

Last updated Jun 13, 2026

BX (Blackstone Inc.) and NOW (ServiceNow, Inc) are both stocks. BX operates in Asset Management (Financial Services), while NOW operates in Software - Application (Technology). Over the past 10 years, BX returned 22.59%/yr vs 21.48%/yr for NOW. At a 0.40 correlation, their price movements are largely independent.

Performance

BX vs. NOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Inc. (BX) and ServiceNow, Inc (NOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BX achieves a -18.67% return, which is significantly higher than NOW's -33.32% return. Both investments have delivered pretty close results over the past 10 years, with BX having a 22.59% annualized return and NOW not far behind at 21.48%.

BX

• 1D: 1.58%
• 1M: 4.16%
• YTD: -18.67%
• 6M: -17.07%
• 1Y: -6.72%
• 3Y*: 14.11%
• 5Y*: 8.83%
• 10Y*: 22.59%

NOW

• 1D: -0.90%
• 1M: 7.45%
• YTD: -33.32%
• 6M: -40.96%
• 1Y: -48.34%
• 3Y*: -2.72%
• 5Y*: 0.51%
• 10Y*: 21.48%

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

BX vs. NOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BX Blackstone Inc.	-18.67%	-7.84%	35.07%	82.75%	-40.01%	107.11%	19.78%	96.33%	0.10%	27.34%
NOW ServiceNow, Inc	-33.32%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%

Correlation

The correlation between BX and NOW is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.40

The correlation between BX and NOW shifts across timeframes, from 0.21 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BX : $96.22B NOW : $106.24B
EPS BX : $3.90 NOW : $1.68
PE Ratio BX : 31.45 NOW : 60.81
PEG Ratio BX : 11.56 NOW : 0.51
PS Ratio BX : 6.41 NOW : 7.65
PB Ratio BX : 11.50 NOW : 7.83
Total Revenue (TTM) BX : $14.99B NOW : $13.96B
Gross Profit (TTM) BX : $13.12B NOW : $10.69B
EBITDA (TTM) BX : $7.37B NOW : $2.80B

Return for Risk

BX vs. NOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BX

BX Risk / Return Rank: 32
BX Sharpe Ratio Rank: 31
BX Sortino Ratio Rank: 28
BX Omega Ratio Rank: 28
BX Calmar Ratio Rank: 36
BX Martin Ratio Rank: 36

NOW

NOW Risk / Return Rank: 8
NOW Sharpe Ratio Rank: 5
NOW Sortino Ratio Rank: 7
NOW Omega Ratio Rank: 7
NOW Calmar Ratio Rank: 11
NOW Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BX vs. NOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and ServiceNow, Inc (NOW). 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.

	BX	NOW	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	-0.99	+0.71
Sortino ratio: Return per unit of downside risk	-0.16	-1.44	+1.28
Omega ratio: Gain probability vs. loss probability	0.98	0.82	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.22	-0.82	+0.60
Martin ratio: Return relative to average drawdown	-0.40	-1.45	+1.05

BX vs. NOW - Sharpe Ratio Comparison

The current BX Sharpe Ratio is -0.28, which is higher than the NOW Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of BX and NOW, 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

BX vs. NOW - Drawdown Comparison

The maximum BX drawdown since its inception was -88.09%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for BX and NOW.

Drawdown Indicators

	BX	NOW	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-64.54%	-23.55%
Max Drawdown (1Y) Largest decline over 1 year	-44.76%	-60.28%	+15.52%
Max Drawdown (3Y) Largest decline over 3 years	-46.50%	-64.54%	+18.04%
Max Drawdown (5Y) Largest decline over 5 years	-49.29%	-64.54%	+15.25%
Max Drawdown (10Y) Largest decline over 10 years	-49.29%	-64.54%	+15.25%
Current Drawdown Current decline from peak	-35.07%	-56.36%	+21.29%
Average Drawdown Average peak-to-trough decline	-26.39%	-13.78%	-12.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.20%	34.02%	-9.82%

Volatility

BX vs. NOW - Volatility Comparison

The current volatility for Blackstone Inc. (BX) is 12.67%, while ServiceNow, Inc (NOW) has a volatility of 25.56%. This indicates that BX experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BX	NOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.67%	25.56%	-12.89%
Volatility (6M) Calculated over the trailing 6-month period	28.51%	47.01%	-18.50%
Volatility (1Y) Calculated over the trailing 1-year period	34.98%	50.12%	-15.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.41%	43.44%	-4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.79%	40.86%	-5.07%

Dividends

BX vs. NOW - Dividend Comparison

BX's dividend yield for the trailing twelve months is around 4.05%, while NOW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BX Blackstone Inc.	4.05%	3.04%	2.00%	2.54%	6.66%	2.76%	2.95%	3.43%	8.12%	7.25%	6.14%	11.76%
NOW ServiceNow, 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%

Financials

BX vs. NOW - Profitability Comparison

The chart below illustrates the profitability comparison between Blackstone Inc. and ServiceNow, Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.

NOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.

BX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.

NOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.

BX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.

NOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.

Frequently Asked Questions

Can I hold both BX and NOW in my portfolio?

BX and NOW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BX or NOW?

NOW has higher volatility (25.56%) compared to BX (12.67%). In terms of maximum drawdown, BX dropped -88.09% vs NOW's -64.54%.

Which has better risk-adjusted returns?

BX currently has the higher Sharpe Ratio (-0.28 vs -0.99), 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.