ABSI vs BLZE: Correlation
Absci Corporation (ABSI) and Backblaze, Inc. (BLZE) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABSI and BLZE?
Across a 3-year window, the weekly returns of ABSI and BLZE correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.49 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 4308.9 %².
Within ABSI's tracked universe of 12 assets, BLZE comes in at #4 by 3-year correlation. The last year tells two different stories: ABSI led by 183.5 percentage points, +269.4% for ABSI against +85.9% for BLZE.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABSI vs BLZE: side by side
| ABSI (Absci Corporation) | BLZE (Backblaze, Inc.) | |
|---|---|---|
| 1-year return | +269.4% | +85.9% |
| 5-year return | -48.3% | -23.4% |
| Volatility (ann.) | 95.4% | 92.9% |
| Beta vs S&P 500 | 2.32 | 1.92 |
| Max drawdown (3Y) | -66.1% | -72.0% |
| Market cap | $1.6B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABSI | BLZE |
|---|---|---|
| 2022 | -74.4% | -63.6% |
| 2023 | +100.0% | +23.4% |
| 2024 | -37.6% | -20.7% |
| 2025 | +33.2% | -22.6% |
| 2026 | +169.9% | +227.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and BLZE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABSI and BLZE?
As of 2026-08-27, the correlation of weekly returns between ABSI and BLZE is 0.49 over 3 years, 0.64 over 1 year and 0.49 over 5 years.
Is BLZE a good diversifier for ABSI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/absi-vs-blze.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/absi-vs-blze/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABSI correlations · BLZE correlations
