NNI vs. BL
NNI (Nelnet, Inc.) and BL (BlackLine, Inc.) are both stocks. NNI operates in Credit Services (Financial Services), while BL operates in Software - Infrastructure (Technology). Over the past 5 years, NNI returned 12.47%/yr vs -22.27%/yr for BL. At a 0.26 correlation, their price movements are largely independent.
Performance
NNI vs. BL - Performance Comparison
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Returns By Period
In the year-to-date period, NNI achieves a -3.46% return, which is significantly higher than BL's -47.89% return.
NNI
- 1D
- -1.17%
- 1M
- -9.19%
- YTD
- -3.46%
- 6M
- -3.62%
- 1Y
- 11.07%
- 3Y*
- 10.78%
- 5Y*
- 12.47%
- 10Y*
- 14.76%
BL
- 1D
- -5.48%
- 1M
- -13.82%
- YTD
- -47.89%
- 6M
- -50.95%
- 1Y
- -49.97%
- 3Y*
- -19.52%
- 5Y*
- -22.27%
- 10Y*
- —
NNI vs. BL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNI Nelnet, Inc. | -3.46% | 25.71% | 22.41% | -1.64% | -6.04% | 38.71% | 24.01% | 12.66% | -3.32% | 9.27% |
BL BlackLine, Inc. | -47.89% | -9.00% | -2.69% | -7.18% | -35.03% | -22.37% | 158.69% | 25.91% | 24.85% | 18.71% |
Correlation
The correlation between NNI and BL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2016 | 0.26 |
Fundamentals
NNI:
$4.61B
BL:
$2.01B
NNI:
$11.49
BL:
$0.39
NNI:
11.12
BL:
73.10
NNI:
0.27
BL:
1.29
NNI:
2.54
BL:
2.71
NNI:
1.23
BL:
6.58
NNI:
$1.82B
BL:
$716.65M
NNI:
$1.27B
BL:
$539.92M
NNI:
$762.79M
BL:
$87.84M
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Return for Risk
NNI vs. BL — Risk / Return Rank
NNI
BL
NNI vs. BL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nelnet, Inc. (NNI) and BlackLine, Inc. (BL). 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.
| NNI | BL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.80 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.88 | +1.61 |
| Martin ratioReturn relative to average drawdown | 2.12 | -1.96 | +4.08 |
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
| NNI | BL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | -1.08 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | -0.50 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.05 | +0.20 |
Drawdowns
NNI vs. BL - Drawdown Comparison
The maximum NNI drawdown since its inception was -89.95%, which is greater than BL's maximum drawdown of -83.22%. Use the drawdown chart below to compare losses from any high point for NNI and BL.
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Drawdown Indicators
| NNI | BL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.95% | -83.22% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -57.11% | +41.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -63.25% | +44.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -80.80% | +55.74% |
Max Drawdown (10Y)Largest decline over 10 years | -44.04% | — | — |
Current DrawdownCurrent decline from peak | -11.23% | -80.84% | +69.61% |
Average DrawdownAverage peak-to-trough decline | -22.23% | -35.04% | +12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 25.45% | -20.21% |
Volatility
NNI vs. BL - Volatility Comparison
The current volatility for Nelnet, Inc. (NNI) is 15.16%, while BlackLine, Inc. (BL) has a volatility of 25.83%. This indicates that NNI experiences smaller price fluctuations and is considered to be less risky than BL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNI | BL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.16% | 25.83% | -10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 41.66% | -21.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.02% | 46.63% | -22.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 44.70% | -22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 44.89% | -17.77% |
Dividends
NNI vs. BL - Dividend Comparison
NNI's dividend yield for the trailing twelve months is around 1.01%, while BL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BL BlackLine, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NNI Nelnet, Inc. | 1.01% | 0.90% | 1.05% | 1.20% | 1.08% | 0.92% | 1.15% | 1.27% | 1.26% | 1.06% | 0.99% | 1.25% |
Financials
NNI vs. BL - Financials Comparison
This section allows you to compare key financial metrics between Nelnet, Inc. and BlackLine, 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
NNI vs. BL - Profitability Comparison
NNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nelnet, Inc. reported a gross profit of 0.00 and revenue of 211.23M. Therefore, the gross margin over that period was 0.0%.
BL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported a gross profit of 139.15M and revenue of 183.16M. Therefore, the gross margin over that period was 76.0%.
NNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nelnet, Inc. reported an operating income of 0.00 and revenue of 211.23M, resulting in an operating margin of 0.0%.
BL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported an operating income of 6.24M and revenue of 183.16M, resulting in an operating margin of 3.4%.
NNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nelnet, Inc. reported a net income of 71.13M and revenue of 211.23M, resulting in a net margin of 33.7%.
BL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackLine, Inc. reported a net income of 8.13M and revenue of 183.16M, resulting in a net margin of 4.4%.
Frequently Asked Questions
NNI and BL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BL has higher volatility (25.83%) compared to NNI (15.16%). In terms of maximum drawdown, NNI dropped -89.95% vs BL's -83.22%.
NNI currently has the higher Sharpe Ratio (0.46 vs -1.08), 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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