BLND vs SG: Correlation
How closely do Blend Labs, Inc. (BLND) and Sweetgreen, Inc. (SG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLND and SG?
Over the past 3 years, BLND and SG moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.43). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2595.2 %².
Among the 12 assets we track against BLND, SG ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SG ahead by 32.3 points (-57.2% versus -24.9%).
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.
BLND vs SG: side by side
| BLND (Blend Labs, Inc.) | SG (Sweetgreen, Inc.) | |
|---|---|---|
| 1-year return | -57.2% | -24.9% |
| 5-year return | -90.5% | -86.3% |
| Volatility (ann.) | 75.5% | 79.8% |
| Beta vs S&P 500 | 1.32 | 1.83 |
| Max drawdown (3Y) | -74.2% | -89.3% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | – | 75.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLND | SG |
|---|---|---|
| 2022 | -80.4% | -73.2% |
| 2023 | +77.1% | +31.9% |
| 2024 | +65.1% | +183.7% |
| 2025 | -27.8% | -78.9% |
| 2026 | -49.3% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLND and SG good diversifiers for each other?
Reasonably. At 0.43, BLND and SG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLND and SG?
As of 2026-08-27, the correlation of weekly returns between BLND and SG is 0.43 over 3 years, 0.30 over 1 year and 0.32 over 5 years.
Is SG a good diversifier for BLND?
Reasonably. At 0.43, BLND and SG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BLND correlations · SG correlations
