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 -13.07%/yr vs 13.04%/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 110.76% return, which is significantly higher than BTC-USD's -31.91% return.
RLAY
- 1D
- -1.05%
- 1M
- 25.83%
- YTD
- 110.76%
- 6M
- 106.13%
- 1Y
- 446.93%
- 3Y*
- 13.79%
- 5Y*
- -13.07%
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
RLAY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RLAY Relay Therapeutics, Inc. | 110.76% | 105.34% | -62.58% | -26.31% | -51.35% | -26.11% | 18.74% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 215.45% |
Correlation
The correlation between RLAY and BTC-USD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
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 | +7.48 | ||
| Sortino ratioReturn per unit of downside risk | +6.79 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.84 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 16.01 | -0.85 | +16.86 |
| Martin ratioReturn relative to average drawdown | 45.68 | -1.45 | +47.13 |
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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% | -52.23% | +24.08% |
Max Drawdown (3Y)Largest decline over 3 years | -84.78% | -52.23% | -32.55% |
Max Drawdown (5Y)Largest decline over 5 years | -94.74% | -76.67% | -18.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -71.02% | -52.23% | -18.79% |
Average DrawdownAverage peak-to-trough decline | -69.15% | -42.42% | -26.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 31.57% | -21.73% |
Volatility
RLAY vs. BTC-USD - Volatility Comparison
Relay Therapeutics, Inc. (RLAY) has a higher volatility of 19.13% compared to Bitcoin (BTC-USD) at 12.44%. 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 | 19.13% | 12.44% | +6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 48.44% | 34.75% | +13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.04% | 35.63% | +34.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.46% | 44.15% | +34.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.64% | 56.40% | +21.24% |
Frequently Asked Questions
RLAY and BTC-USD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLAY has higher volatility (19.13%) compared to BTC-USD (12.44%). In terms of maximum drawdown, RLAY dropped -96.75% vs BTC-USD's -85.30%.
RLAY currently has the higher Sharpe Ratio (6.44 vs -1.04), 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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