BLND vs UPST: Correlation
Blend Labs, Inc. (BLND) and Upstart Holdings, Inc. (UPST) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLND and UPST?
On 3 years of weekly data the BLND/UPST correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 3593.7 %².
In BLND's tracked universe of 12 assets, UPST sits right near the top at #3. Neither side won the trailing year by much: -57.2% against -56.2%.
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 UPST: side by side
| BLND (Blend Labs, Inc.) | UPST (Upstart Holdings, Inc.) | |
|---|---|---|
| 1-year return | -57.2% | -56.2% |
| 5-year return | -90.5% | -85.9% |
| Volatility (ann.) | 75.5% | 91.0% |
| Beta vs S&P 500 | 1.32 | 3.51 |
| Max drawdown (3Y) | -74.2% | -72.7% |
| Market cap | $0.4B | $3.0B |
| P/E (trailing) | – | 58.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLND | UPST |
|---|---|---|
| 2022 | -80.4% | -91.3% |
| 2023 | +77.1% | +209.1% |
| 2024 | +65.1% | +50.7% |
| 2025 | -27.8% | -29.0% |
| 2026 | -49.3% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLND and UPST good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLND and UPST?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.45 over the last year and 0.42 over 5 years.
Is UPST a good diversifier for BLND?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/blnd-vs-upst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blnd-vs-upst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLND correlations · UPST correlations
