NCNO vs. BLND
NCNO (nCino, 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, NCNO returned -21.35%/yr vs 24.76%/yr for BLND. At a 0.44 correlation, their price movements are largely independent.
Performance
NCNO vs. BLND - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NCNO having a -43.06% return and BLND slightly lower at -45.07%.
NCNO
- 1D
- 0.07%
- 1M
- -9.15%
- YTD
- -43.06%
- 6M
- -43.50%
- 1Y
- -44.97%
- 3Y*
- -21.35%
- 5Y*
- -25.55%
- 10Y*
- —
BLND
- 1D
- -0.60%
- 1M
- 13.61%
- YTD
- -45.07%
- 6M
- -44.15%
- 1Y
- -49.24%
- 3Y*
- 24.76%
- 5Y*
- —
- 10Y*
- —
NCNO vs. BLND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NCNO nCino, Inc. | -43.06% | -23.65% | -0.15% | 27.19% | -51.80% | -13.78% |
BLND Blend Labs, Inc. | -45.07% | -27.79% | 65.10% | 77.08% | -80.38% | -63.30% |
Correlation
The correlation between NCNO and BLND is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.44 |
Fundamentals
NCNO:
$1.60B
BLND:
$426.90M
NCNO:
$0.12
BLND:
-$0.04
NCNO:
2.73
BLND:
3.41
NCNO:
$610.06M
BLND:
$127.59M
NCNO:
$374.67M
BLND:
$95.50M
NCNO:
$49.42M
BLND:
-$16.09M
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Return for Risk
NCNO vs. BLND — Risk / Return Rank
NCNO
BLND
NCNO vs. BLND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) 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.
| NCNO | BLND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.91 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.72 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.16 | -0.15 |
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Drawdowns
NCNO vs. BLND - Drawdown Comparison
The maximum NCNO drawdown since its inception was -85.71%, smaller than the maximum BLND drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for NCNO and BLND.
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Drawdown Indicators
| NCNO | BLND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.71% | -97.37% | +11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -68.42% | +11.28% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -74.21% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | -82.07% | — | — |
Current DrawdownCurrent decline from peak | -85.11% | -92.01% | +6.90% |
Average DrawdownAverage peak-to-trough decline | -59.23% | -81.12% | +21.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.32% | 42.58% | -8.26% |
Volatility
NCNO vs. BLND - Volatility Comparison
The current volatility for nCino, Inc. (NCNO) is 16.07%, while Blend Labs, Inc. (BLND) has a volatility of 23.67%. This indicates that NCNO 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
| NCNO | BLND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.07% | 23.67% | -7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 37.68% | 55.72% | -18.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.04% | 72.24% | -25.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.54% | 84.32% | -30.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.49% | 84.32% | -28.83% |
Dividends
NCNO vs. BLND - Dividend Comparison
Neither NCNO nor BLND has paid dividends to shareholders.
Financials
NCNO vs. BLND - Financials Comparison
This section allows you to compare key financial metrics between nCino, 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
NCNO vs. BLND - Profitability Comparison
NCNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, nCino, Inc. reported a gross profit of 100.94M and revenue of 159.41M. Therefore, the gross margin over that period was 63.3%.
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%.
NCNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nCino, Inc. reported an operating income of 21.12M and revenue of 159.41M, resulting in an operating margin of 13.3%.
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%.
NCNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nCino, Inc. reported a net income of 13.64M and revenue of 159.41M, resulting in a net margin of 8.6%.
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
NCNO and BLND have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLND has higher volatility (23.67%) compared to NCNO (16.07%). In terms of maximum drawdown, NCNO dropped -85.71% vs BLND's -97.37%.
BLND currently has the higher Sharpe Ratio (-0.68 vs -0.96), 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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