KVYO vs. BRZE
KVYO (Klaviyo Inc.) and BRZE (Braze, Inc.) are both stocks. Both are in the Technology sector — KVYO in Software - Infrastructure, BRZE in Software - Application. Over the past year, KVYO returned -54.58% vs -36.79% for BRZE. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
KVYO vs. BRZE - Performance Comparison
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Returns By Period
In the year-to-date period, KVYO achieves a -51.40% return, which is significantly lower than BRZE's -32.52% return.
KVYO
- 1D
- 0.57%
- 1M
- -32.36%
- YTD
- -51.40%
- 6M
- -47.36%
- 1Y
- -54.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRZE
- 1D
- -1.78%
- 1M
- -4.89%
- YTD
- -32.52%
- 6M
- -22.53%
- 1Y
- -36.79%
- 3Y*
- -10.81%
- 5Y*
- —
- 10Y*
- —
KVYO vs. BRZE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KVYO Klaviyo Inc. | -51.40% | -21.27% | 48.45% | -15.20% |
BRZE Braze, Inc. | -32.52% | -18.12% | -21.17% | 17.75% |
Correlation
The correlation between KVYO and BRZE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.62 |
The correlation between KVYO and BRZE has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
Fundamentals
KVYO:
$4.83B
BRZE:
$2.56B
KVYO:
-$0.03
BRZE:
-$1.13
KVYO:
3.60
BRZE:
3.18
KVYO:
4.18
BRZE:
4.41
KVYO:
$1.31B
BRZE:
$787.12M
KVYO:
$978.26M
BRZE:
$523.12M
KVYO:
-$28.45M
BRZE:
-$110.18M
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Return for Risk
KVYO vs. BRZE — Risk / Return Rank
KVYO
BRZE
KVYO vs. BRZE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Klaviyo Inc. (KVYO) and Braze, Inc. (BRZE). 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.
| KVYO | BRZE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.94 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.65 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.68 | -1.20 | -0.48 |
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
| KVYO | BRZE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | -0.54 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.41 | +0.03 |
Drawdowns
KVYO vs. BRZE - Drawdown Comparison
The maximum KVYO drawdown since its inception was -71.11%, smaller than the maximum BRZE drawdown of -83.23%. Use the drawdown chart below to compare losses from any high point for KVYO and BRZE.
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Drawdown Indicators
| KVYO | BRZE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.11% | -83.23% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -60.44% | -56.37% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.56% | — |
Current DrawdownCurrent decline from peak | -67.92% | -75.42% | +7.50% |
Average DrawdownAverage peak-to-trough decline | -30.94% | -59.91% | +28.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.55% | 31.50% | +1.05% |
Volatility
KVYO vs. BRZE - Volatility Comparison
Klaviyo Inc. (KVYO) has a higher volatility of 45.16% compared to Braze, Inc. (BRZE) at 27.15%. This indicates that KVYO's price experiences larger fluctuations and is considered to be riskier than BRZE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KVYO | BRZE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.16% | 27.15% | +18.01% |
Volatility (6M)Calculated over the trailing 6-month period | 62.86% | 55.40% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.59% | 67.92% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.29% | 64.66% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.29% | 64.66% | -2.37% |
Dividends
KVYO vs. BRZE - Dividend Comparison
Neither KVYO nor BRZE has paid dividends to shareholders.
Financials
KVYO vs. BRZE - Financials Comparison
This section allows you to compare key financial metrics between Klaviyo Inc. and Braze, 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
KVYO vs. BRZE - Profitability Comparison
KVYO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Klaviyo Inc. reported a gross profit of 268.89M and revenue of 358.01M. Therefore, the gross margin over that period was 75.1%.
BRZE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
KVYO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Klaviyo Inc. reported an operating income of 1.75M and revenue of 358.01M, resulting in an operating margin of 0.5%.
BRZE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Braze, Inc. reported an operating income of -27.51M and revenue of 211.00M, resulting in an operating margin of -13.0%.
KVYO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Klaviyo Inc. reported a net income of 9.04M and revenue of 358.01M, resulting in a net margin of 2.5%.
BRZE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Braze, Inc. reported a net income of -26.59M and revenue of 211.00M, resulting in a net margin of -12.6%.
Frequently Asked Questions
KVYO and BRZE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KVYO has higher volatility (45.16%) compared to BRZE (27.15%). In terms of maximum drawdown, KVYO dropped -71.11% vs BRZE's -83.23%.
BRZE currently has the higher Sharpe Ratio (-0.54 vs -0.80), 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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