QXO vs. BLZE
QXO (QXO, Inc) and BLZE (Backblaze, Inc.) are both stocks. Both are in the Technology sector — QXO in Software - Application, BLZE in Software - Infrastructure. Over the past 3 years, QXO returned -6.70%/yr vs 25.30%/yr for BLZE. At a 0.15 correlation, their price movements are largely independent.
Performance
QXO vs. BLZE - Performance Comparison
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Returns By Period
In the year-to-date period, QXO achieves a -15.86% return, which is significantly lower than BLZE's 79.83% return.
QXO
- 1D
- -1.28%
- 1M
- -13.99%
- YTD
- -15.86%
- 6M
- -21.14%
- 1Y
- -5.58%
- 3Y*
- -6.70%
- 5Y*
- -18.68%
- 10Y*
- 8.23%
BLZE
- 1D
- 5.41%
- 1M
- 10.41%
- YTD
- 79.83%
- 6M
- 72.43%
- 1Y
- 43.99%
- 3Y*
- 25.30%
- 5Y*
- —
- 10Y*
- —
QXO vs. BLZE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QXO QXO, Inc | -15.86% | 21.32% | -86.06% | 508.46% | -33.78% | -19.46% |
BLZE Backblaze, Inc. | 79.83% | -22.59% | -20.69% | 23.41% | -63.59% | -15.13% |
Correlation
The correlation between QXO 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.15 |
Fundamentals
QXO:
$120.82M
BLZE:
$496.85M
QXO:
-$1.03
BLZE:
-$0.39
QXO:
0.95
BLZE:
3.19
QXO:
0.01
BLZE:
5.87
QXO:
$8.56B
BLZE:
$149.89M
QXO:
$1.98B
BLZE:
$93.07M
QXO:
-$152.95M
BLZE:
-$899.00K
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Return for Risk
QXO vs. BLZE — Risk / Return Rank
QXO
BLZE
QXO vs. BLZE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QXO, Inc (QXO) 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.
| QXO | BLZE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.22 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.64 | -0.78 |
| Martin ratioReturn relative to average drawdown | -0.28 | 1.03 | -1.31 |
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
| QXO | BLZE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.48 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.21 | +0.26 |
Drawdowns
QXO vs. BLZE - Drawdown Comparison
The maximum QXO drawdown since its inception was -95.44%, which is greater than BLZE's maximum drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for QXO and BLZE.
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Drawdown Indicators
| QXO | BLZE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.44% | -89.49% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -41.08% | -69.21% | +28.13% |
Max Drawdown (3Y)Largest decline over 3 years | -95.44% | -72.02% | -23.42% |
Max Drawdown (5Y)Largest decline over 5 years | -95.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.44% | — | — |
Current DrawdownCurrent decline from peak | -93.11% | -73.40% | -19.71% |
Average DrawdownAverage peak-to-trough decline | -56.35% | -77.57% | +21.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.98% | 42.73% | -22.75% |
Volatility
QXO vs. BLZE - Volatility Comparison
The current volatility for QXO, Inc (QXO) is 16.10%, while Backblaze, Inc. (BLZE) has a volatility of 21.21%. This indicates that QXO 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.
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Volatility by Period
| QXO | BLZE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 21.21% | -5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 46.14% | 62.09% | -15.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.15% | 92.55% | -32.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 82.47% | +62.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.54% | 82.47% | +41.07% |
Dividends
QXO vs. BLZE - Dividend Comparison
Neither QXO nor BLZE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BLZE Backblaze, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QXO QXO, Inc | 0.00% | 0.00% | 164.53% | 1.17% | 0.00% | 13.42% | 31.47% | 1.15% | 0.00% | 1.89% | 2.00% |
Financials
QXO vs. BLZE - Financials Comparison
This section allows you to compare key financial metrics between QXO, 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
QXO vs. BLZE - Profitability Comparison
QXO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a gross profit of 409.30M and revenue of 1.73B. Therefore, the gross margin over that period was 23.7%.
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%.
QXO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported an operating income of -251.90M and revenue of 1.73B, resulting in an operating margin of -14.6%.
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%.
QXO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a net income of -227.10M and revenue of 1.73B, resulting in a net margin of -13.1%.
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
QXO 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 (21.21%) compared to QXO (16.10%). In terms of maximum drawdown, QXO dropped -95.44% vs BLZE's -89.49%.
BLZE currently has the higher Sharpe Ratio (0.48 vs -0.09), 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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