BL vs PODD: Correlation
BlackLine, Inc. (BL) and Insulet Corporation (PODD) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BL and PODD?
Across a 3-year window, the weekly returns of BL and PODD correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 661.3 %².
By 3-year correlation, PODD places #10 of the 15 assets tracked against BL. Their recent paths diverged sharply: over the last 12 months BL outperformed by 18.8 percentage points (-38.3% for BL against -57.1% for PODD).
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.
BL vs PODD: side by side
| BL (BlackLine, Inc.) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | -38.3% | -57.1% |
| 5-year return | -69.6% | -51.6% |
| Volatility (ann.) | 40.7% | 38.9% |
| Beta vs S&P 500 | 0.83 | 0.67 |
| Max drawdown (3Y) | -63.2% | -62.2% |
| Market cap | $2.0B | $9.9B |
| P/E (trailing) | 60.2 | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BL | PODD |
|---|---|---|
| 2022 | -35.0% | +10.6% |
| 2023 | -7.2% | -26.3% |
| 2024 | -2.7% | +20.3% |
| 2025 | -9.0% | +8.9% |
| 2026 | -39.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BL and PODD good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BL and PODD?
As of 2026-08-27, the correlation of weekly returns between BL and PODD is 0.42 over 3 years, 0.35 over 1 year and 0.41 over 5 years.
Is PODD a good diversifier for BL?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bl-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bl-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BL correlations · PODD correlations
