CRM vs. BLND
CRM (Salesforce, Inc.) and BLND (Blend Labs, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, CRM returned -4.89%/yr vs 20.39%/yr for BLND. At a 0.34 correlation, their price movements are largely independent.
Performance
CRM vs. BLND - Performance Comparison
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Returns By Period
In the year-to-date period, CRM achieves a -30.92% return, which is significantly higher than BLND's -43.75% return.
CRM
- 1D
- -1.68%
- 1M
- 0.40%
- YTD
- -30.92%
- 6M
- -29.37%
- 1Y
- -33.00%
- 3Y*
- -4.89%
- 5Y*
- -4.74%
- 10Y*
- 8.51%
BLND
- 1D
- 5.56%
- 1M
- 23.91%
- YTD
- -43.75%
- 6M
- -46.89%
- 1Y
- -54.28%
- 3Y*
- 20.39%
- 5Y*
- —
- 10Y*
- —
CRM vs. BLND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRM Salesforce, Inc. | -30.92% | -20.25% | 27.76% | 98.46% | -47.83% | 6.97% |
BLND Blend Labs, Inc. | -43.75% | -27.79% | 65.10% | 77.08% | -80.38% | -63.30% |
Correlation
The correlation between CRM and BLND is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.34 |
Fundamentals
CRM:
$159.00B
BLND:
$437.13M
CRM:
$8.59
BLND:
-$0.04
CRM:
3.98
BLND:
3.49
CRM:
$42.83B
BLND:
$127.59M
CRM:
$33.25B
BLND:
$95.50M
CRM:
$12.32B
BLND:
-$16.09M
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Return for Risk
CRM vs. BLND — Risk / Return Rank
CRM
BLND
CRM vs. BLND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salesforce, Inc. (CRM) and Blend Labs, Inc. (BLND). 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.
| CRM | BLND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.88 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.80 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.62 | -1.33 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRM | BLND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.76 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.48 | +0.93 |
Drawdowns
CRM vs. BLND - Drawdown Comparison
The maximum CRM drawdown since its inception was -70.50%, smaller than the maximum BLND drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for CRM and BLND.
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Drawdown Indicators
| CRM | BLND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -97.37% | +26.87% |
Max Drawdown (1Y)Largest decline over 1 year | -39.36% | -68.42% | +29.06% |
Max Drawdown (3Y)Largest decline over 3 years | -54.70% | -74.21% | +19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -58.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.62% | — | — |
Current DrawdownCurrent decline from peak | -49.87% | -91.82% | +41.95% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -81.10% | +64.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.48% | 40.92% | -20.44% |
Volatility
CRM vs. BLND - Volatility Comparison
The current volatility for Salesforce, Inc. (CRM) is 16.96%, while Blend Labs, Inc. (BLND) has a volatility of 28.87%. This indicates that CRM experiences smaller price fluctuations and is considered to be less risky than BLND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRM | BLND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.96% | 28.87% | -11.91% |
Volatility (6M)Calculated over the trailing 6-month period | 31.74% | 54.77% | -23.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.87% | 71.61% | -33.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.02% | 84.43% | -47.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 84.43% | -49.07% |
Dividends
CRM vs. BLND - Dividend Comparison
CRM's dividend yield for the trailing twelve months is around 0.92%, while BLND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLND Blend Labs, Inc. | 0.00% | 0.00% | 0.00% |
CRM Salesforce, Inc. | 0.92% | 0.63% | 0.48% |
Financials
CRM vs. BLND - Financials Comparison
This section allows you to compare key financial metrics between Salesforce, Inc. and Blend Labs, 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
CRM vs. BLND - Profitability Comparison
CRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a gross profit of 8.56B and revenue of 11.13B. Therefore, the gross margin over that period was 76.9%.
BLND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a gross profit of 23.37M and revenue of 30.84M. Therefore, the gross margin over that period was 75.8%.
CRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported an operating income of 2.35B and revenue of 11.13B, resulting in an operating margin of 21.1%.
BLND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported an operating income of -5.06M and revenue of 30.84M, resulting in an operating margin of -16.4%.
CRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a net income of 2.11B and revenue of 11.13B, resulting in a net margin of 18.9%.
BLND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blend Labs, Inc. reported a net income of -12.78M and revenue of 30.84M, resulting in a net margin of -41.4%.
Frequently Asked Questions
CRM and BLND have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLND has higher volatility (28.87%) compared to CRM (16.96%). In terms of maximum drawdown, CRM dropped -70.50% vs BLND's -97.37%.
BLND currently has the higher Sharpe Ratio (-0.76 vs -0.88), 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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