RLAY vs. BTC-USD
RLAY (Relay Therapeutics, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, RLAY returned -10.29%/yr vs 15.15%/yr for BTC-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
RLAY vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, RLAY achieves a 128.96% return, which is significantly higher than BTC-USD's -27.04% return.
RLAY
- 1D
- -0.72%
- 1M
- 28.70%
- 6M
- 153.87%
- YTD
- 128.96%
- 1Y
- 432.14%
- 3Y*
- 14.51%
- 5Y*
- -10.29%
- 10Y*
- —
BTC-USD
- 1D
- -1.36%
- 1M
- -2.71%
- 6M
- -33.22%
- YTD
- -27.04%
- 1Y
- -46.21%
- 3Y*
- 28.42%
- 5Y*
- 15.15%
- 10Y*
- 57.60%
RLAY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RLAY Relay Therapeutics, Inc. | 128.96% | 105.34% | -62.58% | -26.31% | -51.35% | -26.11% | 18.74% |
BTC-USD Bitcoin | -27.04% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 215.45% |
Correlation
The correlation between RLAY and BTC-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.17 |
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Return for Risk
RLAY vs. BTC-USD — Risk / Return Rank
RLAY
BTC-USD
RLAY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Relay Therapeutics, Inc. (RLAY) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RLAY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.21 | ||
| Sortino ratioReturn per unit of downside risk | +6.67 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.84 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 15.48 | -0.87 | +16.35 |
| Martin ratioReturn relative to average drawdown | 44.20 | -1.40 | +45.60 |
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Drawdowns
RLAY vs. BTC-USD - Drawdown Comparison
The maximum RLAY drawdown since its inception was -96.75%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for RLAY and BTC-USD.
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Drawdown Indicators
| RLAY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.75% | -85.30% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -28.15% | -53.08% | +24.93% |
Max Drawdown (3Y)Largest decline over 3 years | -84.13% | -53.08% | -31.05% |
Max Drawdown (5Y)Largest decline over 5 years | -94.65% | -76.67% | -17.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -68.52% | -48.82% | -19.70% |
Average DrawdownAverage peak-to-trough decline | -69.15% | -42.58% | -26.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 29.30% | -19.46% |
Volatility
RLAY vs. BTC-USD - Volatility Comparison
Relay Therapeutics, Inc. (RLAY) has a higher volatility of 18.31% compared to Bitcoin (BTC-USD) at 9.78%. This indicates that RLAY's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLAY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.31% | 9.78% | +8.53% |
Volatility (6M)Calculated over the trailing 6-month period | 49.86% | 34.90% | +14.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.06% | 35.73% | +35.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.63% | 43.96% | +34.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 56.33% | +21.22% |
Frequently Asked Questions
RLAY and BTC-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLAY has higher volatility (18.31%) compared to BTC-USD (9.78%). In terms of maximum drawdown, RLAY dropped -96.75% vs BTC-USD's -85.30%.
RLAY currently has the higher Sharpe Ratio (6.14 vs -1.07), 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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