LMND vs. BLND
LMND (Lemonade, Inc.) and BLND (Blend Labs, Inc.) are both stocks. LMND operates in Insurance - Property & Casualty (Financial Services), while BLND operates in Software - Application (Technology). Over the past 3 years, LMND returned 39.69%/yr vs 16.10%/yr for BLND. At a 0.41 correlation, their price movements are largely independent.
Performance
LMND vs. BLND - Performance Comparison
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Returns By Period
In the year-to-date period, LMND achieves a -19.23% return, which is significantly higher than BLND's -44.41% return.
LMND
- 1D
- 0.54%
- 1M
- 8.74%
- YTD
- -19.23%
- 6M
- -26.15%
- 1Y
- 36.46%
- 3Y*
- 39.69%
- 5Y*
- -11.55%
- 10Y*
- —
BLND
- 1D
- -3.43%
- 1M
- 15.75%
- YTD
- -44.41%
- 6M
- -46.01%
- 1Y
- -51.85%
- 3Y*
- 16.10%
- 5Y*
- —
- 10Y*
- —
LMND vs. BLND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LMND Lemonade, Inc. | -19.23% | 94.06% | 127.40% | 17.91% | -67.51% | -51.53% |
BLND Blend Labs, Inc. | -44.41% | -27.79% | 65.10% | 77.08% | -80.38% | -63.30% |
Correlation
The correlation between LMND 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 | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.41 |
The correlation between LMND and BLND shifts across timeframes, from 0.31 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LMND:
$4.39B
BLND:
$432.01M
LMND:
-$1.88
BLND:
-$0.04
LMND:
5.18
BLND:
3.45
LMND:
$821.10M
BLND:
$127.59M
LMND:
$390.70M
BLND:
$95.50M
LMND:
-$120.70M
BLND:
-$16.09M
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Return for Risk
LMND vs. BLND — Risk / Return Rank
LMND
BLND
LMND vs. BLND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lemonade, Inc. (LMND) 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.
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.
| LMND | BLND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.89 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.76 | +1.53 |
| Martin ratioReturn relative to average drawdown | 1.48 | -1.25 | +2.73 |
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Drawdowns
LMND vs. BLND - Drawdown Comparison
The maximum LMND drawdown since its inception was -94.23%, roughly equal to the maximum BLND drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for LMND and BLND.
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Drawdown Indicators
| LMND | BLND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.23% | -97.37% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -47.70% | -68.42% | +20.72% |
Max Drawdown (3Y)Largest decline over 3 years | -56.10% | -74.21% | +18.11% |
Max Drawdown (5Y)Largest decline over 5 years | -90.63% | — | — |
Current DrawdownCurrent decline from peak | -68.63% | -91.91% | +23.28% |
Average DrawdownAverage peak-to-trough decline | -73.02% | -81.07% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.64% | 41.53% | -16.89% |
Volatility
LMND vs. BLND - Volatility Comparison
The current volatility for Lemonade, Inc. (LMND) is 15.88%, while Blend Labs, Inc. (BLND) has a volatility of 23.76%. This indicates that LMND 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
| LMND | BLND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 23.76% | -7.88% |
Volatility (6M)Calculated over the trailing 6-month period | 53.78% | 54.66% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.53% | 71.73% | +12.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.20% | 84.34% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.51% | 84.34% | +2.17% |
Dividends
LMND vs. BLND - Dividend Comparison
Neither LMND nor BLND has paid dividends to shareholders.
Financials
LMND vs. BLND - Financials Comparison
This section allows you to compare key financial metrics between Lemonade, 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
LMND vs. BLND - Profitability Comparison
LMND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a gross profit of 101.10M and revenue of 234.40M. Therefore, the gross margin over that period was 43.1%.
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%.
LMND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported an operating income of -34.60M and revenue of 234.40M, resulting in an operating margin of -14.8%.
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%.
LMND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a net income of -35.80M and revenue of 234.40M, resulting in a net margin of -15.3%.
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
LMND 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 (23.76%) compared to LMND (15.88%). In terms of maximum drawdown, LMND dropped -94.23% vs BLND's -97.37%.
LMND currently has the higher Sharpe Ratio (0.43 vs -0.73), 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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