GH vs. BLZE
GH (Guardant Health, Inc.) and BLZE (Backblaze, Inc.) are both stocks. GH operates in Diagnostics & Research (Healthcare), while BLZE operates in Software - Infrastructure (Technology). Over the past 3 years, GH returned 54.42%/yr vs 39.56%/yr for BLZE. At a 0.31 correlation, their price movements are largely independent.
Performance
GH vs. BLZE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GH achieves a 28.09% return, which is significantly lower than BLZE's 150.21% return.
GH
- 1D
- 1.55%
- 1M
- 9.99%
- YTD
- 28.09%
- 6M
- 27.64%
- 1Y
- 169.47%
- 3Y*
- 54.42%
- 5Y*
- 0.79%
- 10Y*
- —
BLZE
- 1D
- 43.60%
- 1M
- 52.02%
- YTD
- 150.21%
- 6M
- 143.93%
- 1Y
- 128.18%
- 3Y*
- 39.56%
- 5Y*
- —
- 10Y*
- —
GH vs. BLZE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GH Guardant Health, Inc. | 28.09% | 234.34% | 12.94% | -0.55% | -72.81% | -3.61% |
BLZE Backblaze, Inc. | 150.21% | -22.59% | -20.69% | 23.41% | -63.59% | -11.11% |
Correlation
The correlation between GH and BLZE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.31 |
The correlation between GH and BLZE shifts across timeframes, from 0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GH:
$17.17B
BLZE:
$691.32M
GH:
-$3.40
BLZE:
-$0.39
GH:
15.42
BLZE:
4.44
GH:
$1.08B
BLZE:
$149.89M
GH:
$701.01M
BLZE:
$93.07M
GH:
-$411.42M
BLZE:
-$899.00K
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GH vs. BLZE — Risk / Return Rank
GH
BLZE
GH vs. BLZE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guardant Health, Inc. (GH) 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.
| GH | BLZE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.39 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 1.86 | +3.31 |
| Martin ratioReturn relative to average drawdown | 12.82 | 2.99 | +9.83 |
Loading charts...
Drawdowns
GH vs. BLZE - Drawdown Comparison
The maximum GH drawdown since its inception was -91.03%, roughly equal to the maximum BLZE drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for GH and BLZE.
Loading charts...
Drawdown Indicators
| GH | BLZE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.03% | -89.49% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -32.98% | -69.21% | +36.23% |
Max Drawdown (3Y)Largest decline over 3 years | -59.79% | -72.02% | +12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -87.84% | — | — |
Current DrawdownCurrent decline from peak | -26.95% | -62.98% | +36.03% |
Average DrawdownAverage peak-to-trough decline | -51.49% | -77.46% | +25.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 42.98% | -29.71% |
Volatility
GH vs. BLZE - Volatility Comparison
The current volatility for Guardant Health, Inc. (GH) is 12.93%, while Backblaze, Inc. (BLZE) has a volatility of 41.64%. This indicates that GH 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.
Loading charts...
Volatility by Period
| GH | BLZE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.93% | 41.64% | -28.71% |
Volatility (6M)Calculated over the trailing 6-month period | 38.14% | 71.91% | -33.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.19% | 102.37% | -44.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 84.65% | -17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.22% | 84.65% | -16.43% |
Dividends
GH vs. BLZE - Dividend Comparison
Neither GH nor BLZE has paid dividends to shareholders.
Financials
GH vs. BLZE - Financials Comparison
This section allows you to compare key financial metrics between Guardant Health, 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
GH vs. BLZE - Profitability Comparison
GH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Guardant Health, Inc. reported a gross profit of 196.75M and revenue of 301.67M. Therefore, the gross margin over that period was 65.2%.
BLZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
GH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Guardant Health, Inc. reported an operating income of -121.35M and revenue of 301.67M, resulting in an operating margin of -40.2%.
BLZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Backblaze, Inc. reported an operating income of -5.35M and revenue of 38.67M, resulting in an operating margin of -13.8%.
GH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Guardant Health, Inc. reported a net income of -112.08M and revenue of 301.67M, resulting in a net margin of -37.2%.
BLZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
GH and BLZE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLZE has higher volatility (41.64%) compared to GH (12.93%). In terms of maximum drawdown, GH dropped -91.03% vs BLZE's -89.49%.
GH currently has the higher Sharpe Ratio (2.93 vs 1.26), 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.
Find the right allocation for GH and BLZE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer