RLX vs. DASH
RLX (RLX Technology Inc.) and DASH (DoorDash, Inc.) are both stocks. RLX operates in Tobacco (Consumer Defensive), while DASH operates in Internet Content & Information (Communication Services). Over the past 5 years, RLX returned -26.33%/yr vs 1.46%/yr for DASH. At a 0.25 correlation, their price movements are largely independent.
Performance
RLX vs. DASH - Performance Comparison
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Returns By Period
In the year-to-date period, RLX achieves a -9.07% return, which is significantly higher than DASH's -31.75% return.
RLX
- 1D
- -1.93%
- 1M
- -5.58%
- YTD
- -9.07%
- 6M
- -11.35%
- 1Y
- 2.73%
- 3Y*
- 6.27%
- 5Y*
- -26.33%
- 10Y*
- —
DASH
- 1D
- -1.51%
- 1M
- -10.42%
- YTD
- -31.75%
- 6M
- -30.52%
- 1Y
- -27.66%
- 3Y*
- 31.56%
- 5Y*
- 1.46%
- 10Y*
- —
RLX vs. DASH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RLX RLX Technology Inc. | -9.07% | 8.27% | 8.60% | -12.65% | -41.03% | -86.78% |
DASH DoorDash, Inc. | -31.75% | 35.01% | 69.63% | 102.56% | -67.21% | -22.45% |
Correlation
The correlation between RLX and DASH is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021 | 0.25 |
Over the past year, the correlation between RLX and DASH has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
RLX:
$2.67B
DASH:
$68.37B
RLX:
$0.76
DASH:
$2.10
RLX:
2.67
DASH:
73.67
RLX:
0.60
DASH:
4.63
RLX:
0.17
DASH:
6.70
RLX:
$4.35B
DASH:
$14.72B
RLX:
$1.44B
DASH:
$7.49B
RLX:
$513.06M
DASH:
$1.69B
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Return for Risk
RLX vs. DASH — Risk / Return Rank
RLX
DASH
RLX vs. DASH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RLX Technology Inc. (RLX) and DoorDash, Inc. (DASH). 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.
| RLX | DASH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.92 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.58 | +0.69 |
| Martin ratioReturn relative to average drawdown | 0.23 | -1.04 | +1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RLX | DASH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.63 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.03 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.06 | -0.42 |
Drawdowns
RLX vs. DASH - Drawdown Comparison
The maximum RLX drawdown since its inception was -96.80%, which is greater than DASH's maximum drawdown of -82.49%. Use the drawdown chart below to compare losses from any high point for RLX and DASH.
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Drawdown Indicators
| RLX | DASH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.80% | -82.49% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.02% | -47.97% | +23.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.89% | -47.97% | +15.08% |
Max Drawdown (5Y)Largest decline over 5 years | -90.47% | -82.49% | -7.98% |
Current DrawdownCurrent decline from peak | -92.72% | -45.13% | -47.59% |
Average DrawdownAverage peak-to-trough decline | -88.72% | -43.53% | -45.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 26.66% | -14.60% |
Volatility
RLX vs. DASH - Volatility Comparison
The current volatility for RLX Technology Inc. (RLX) is 9.65%, while DoorDash, Inc. (DASH) has a volatility of 14.42%. This indicates that RLX experiences smaller price fluctuations and is considered to be less risky than DASH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLX | DASH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 14.42% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 32.20% | -10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 44.08% | -12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.30% | 54.13% | +20.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 57.09% | +22.82% |
Dividends
RLX vs. DASH - Dividend Comparison
RLX's dividend yield for the trailing twelve months is around 5.42%, while DASH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DASH DoorDash, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
RLX RLX Technology Inc. | 5.42% | 0.43% | 0.46% | 0.50% |
Financials
RLX vs. DASH - Financials Comparison
This section allows you to compare key financial metrics between RLX Technology Inc. and DoorDash, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RLX vs. DASH - Profitability Comparison
RLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, RLX Technology Inc. reported a gross profit of 490.84M and revenue of 1.46B. Therefore, the gross margin over that period was 33.6%.
DASH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported a gross profit of 2.04B and revenue of 4.04B. Therefore, the gross margin over that period was 50.6%.
RLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, RLX Technology Inc. reported an operating income of 243.16M and revenue of 1.46B, resulting in an operating margin of 16.7%.
DASH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported an operating income of 151.00M and revenue of 4.04B, resulting in an operating margin of 3.7%.
RLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, RLX Technology Inc. reported a net income of 282.42M and revenue of 1.46B, resulting in a net margin of 19.3%.
DASH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported a net income of 184.00M and revenue of 4.04B, resulting in a net margin of 4.6%.
Frequently Asked Questions
RLX and DASH have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DASH has higher volatility (14.42%) compared to RLX (9.65%). In terms of maximum drawdown, RLX dropped -96.80% vs DASH's -82.49%.
RLX currently has the higher Sharpe Ratio (0.09 vs -0.63), 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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