DHX vs. BLZE
DHX (DHI Group, Inc.) and BLZE (Backblaze, Inc.) are both stocks. DHX operates in Staffing & Employment Services (Industrials), while BLZE operates in Software - Infrastructure (Technology). Over the past 3 years, DHX returned 3.66%/yr vs 48.36%/yr for BLZE. At a 0.18 correlation, their price movements are largely independent.
Performance
DHX vs. BLZE - Performance Comparison
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Returns By Period
In the year-to-date period, DHX achieves a 158.71% return, which is significantly lower than BLZE's 277.68% return.
DHX
- 1D
- 1.26%
- 1M
- 13.60%
- 6M
- 138.69%
- YTD
- 158.71%
- 1Y
- 37.80%
- 3Y*
- 3.66%
- 5Y*
- 5.01%
- 10Y*
- -5.10%
BLZE
- 1D
- -1.29%
- 1M
- 122.22%
- 6M
- 252.00%
- YTD
- 277.68%
- 1Y
- 241.09%
- 3Y*
- 48.36%
- 5Y*
- —
- 10Y*
- —
DHX vs. BLZE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DHX DHI Group, Inc. | 158.71% | -12.43% | -31.66% | -51.04% | -15.22% | 26.32% |
BLZE Backblaze, Inc. | 277.68% | -22.59% | -20.69% | 23.41% | -63.59% | -11.11% |
Correlation
The correlation between DHX and BLZE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.18 |
Fundamentals
DHX:
$173.23M
BLZE:
$1.06B
DHX:
-$0.05
BLZE:
-$0.39
DHX:
1.41
BLZE:
6.75
DHX:
1.84
BLZE:
12.33
DHX:
$125.22M
BLZE:
$149.89M
DHX:
$106.21M
BLZE:
$93.07M
DHX:
$10.52M
BLZE:
-$899.00K
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Return for Risk
DHX vs. BLZE — Risk / Return Rank
DHX
BLZE
DHX vs. BLZE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DHI Group, Inc. (DHX) and Backblaze, Inc. (BLZE). 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.
| DHX | BLZE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.51 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.33 | -2.62 |
| Martin ratioReturn relative to average drawdown | 1.40 | 5.36 | -3.96 |
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Drawdowns
DHX vs. BLZE - Drawdown Comparison
The maximum DHX drawdown since its inception was -93.40%, roughly equal to the maximum BLZE drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for DHX and BLZE.
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Drawdown Indicators
| DHX | BLZE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.40% | -89.49% | -3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -50.82% | -69.21% | +18.39% |
Max Drawdown (3Y)Largest decline over 3 years | -71.19% | -72.02% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -83.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.51% | — | — |
Current DrawdownCurrent decline from peak | -78.12% | -44.13% | -33.99% |
Average DrawdownAverage peak-to-trough decline | -65.89% | -77.19% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.84% | 42.95% | -17.11% |
Volatility
DHX vs. BLZE - Volatility Comparison
The current volatility for DHI Group, Inc. (DHX) is 14.97%, while Backblaze, Inc. (BLZE) has a volatility of 37.79%. This indicates that DHX experiences smaller price fluctuations and is considered to be less risky than BLZE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHX | BLZE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.97% | 37.79% | -22.82% |
Volatility (6M)Calculated over the trailing 6-month period | 61.98% | 73.64% | -11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.21% | 103.74% | -23.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.93% | 84.72% | -16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.48% | 84.72% | -17.24% |
Dividends
DHX vs. BLZE - Dividend Comparison
Neither DHX nor BLZE has paid dividends to shareholders.
Financials
DHX vs. BLZE - Financials Comparison
This section allows you to compare key financial metrics between DHI Group, Inc. and Backblaze, 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
DHX vs. BLZE - Profitability Comparison
DHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DHI Group, Inc. reported a gross profit of 24.93M and revenue of 29.69M. Therefore, the gross margin over that period was 84.0%.
BLZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
DHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DHI Group, Inc. reported an operating income of 3.06M and revenue of 29.69M, resulting in an operating margin of 10.3%.
BLZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Backblaze, Inc. reported an operating income of -5.35M and revenue of 38.67M, resulting in an operating margin of -13.8%.
DHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DHI Group, Inc. reported a net income of 1.53M and revenue of 29.69M, resulting in a net margin of 5.2%.
BLZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Backblaze, Inc. reported a net income of -6.15M and revenue of 38.67M, resulting in a net margin of -15.9%.
Frequently Asked Questions
DHX and BLZE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLZE has higher volatility (37.79%) compared to DHX (14.97%). In terms of maximum drawdown, DHX dropped -93.40% vs BLZE's -89.49%.
BLZE currently has the higher Sharpe Ratio (2.22 vs 0.45), 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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