RLX vs. MSCI
RLX (RLX Technology Inc.) and MSCI (MSCI Inc.) are both stocks. RLX operates in Tobacco (Consumer Defensive), while MSCI operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, RLX returned -26.33%/yr vs 6.82%/yr for MSCI. At a 0.17 correlation, their price movements are largely independent.
Performance
RLX vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, RLX achieves a -9.07% return, which is significantly lower than MSCI's 7.76% return.
RLX
- 1D
- -1.93%
- 1M
- -5.58%
- YTD
- -9.07%
- 6M
- -11.35%
- 1Y
- 2.73%
- 3Y*
- 6.27%
- 5Y*
- -26.33%
- 10Y*
- —
MSCI
- 1D
- -2.65%
- 1M
- 5.76%
- YTD
- 7.76%
- 6M
- 13.32%
- 1Y
- 9.84%
- 3Y*
- 9.97%
- 5Y*
- 6.82%
- 10Y*
- 24.41%
RLX vs. MSCI - 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% |
MSCI MSCI Inc. | 7.76% | -3.17% | 7.31% | 22.90% | -23.34% | 49.76% |
Correlation
The correlation between RLX and MSCI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021 | 0.17 |
Fundamentals
RLX:
$2.67B
MSCI:
$45.04B
RLX:
$0.76
MSCI:
$17.28
RLX:
2.67
MSCI:
35.51
RLX:
0.60
MSCI:
14.47
RLX:
$4.35B
MSCI:
$3.24B
RLX:
$1.44B
MSCI:
$2.68B
RLX:
$513.06M
MSCI:
$1.99B
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Return for Risk
RLX vs. MSCI — Risk / Return Rank
RLX
MSCI
RLX vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RLX Technology Inc. (RLX) and MSCI Inc. (MSCI). 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 | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.55 | -0.43 |
| Martin ratioReturn relative to average drawdown | 0.23 | 1.43 | -1.21 |
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 | MSCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.35 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.22 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.55 | -1.04 |
Drawdowns
RLX vs. MSCI - Drawdown Comparison
The maximum RLX drawdown since its inception was -96.80%, which is greater than MSCI's maximum drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for RLX and MSCI.
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Drawdown Indicators
| RLX | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.80% | -69.06% | -27.74% |
Max Drawdown (1Y)Largest decline over 1 year | -24.02% | -18.07% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.89% | -25.99% | -6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -90.47% | -43.74% | -46.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.74% | — |
Current DrawdownCurrent decline from peak | -92.72% | -4.70% | -88.02% |
Average DrawdownAverage peak-to-trough decline | -88.72% | -13.09% | -75.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.06% | 6.88% | +5.18% |
Volatility
RLX vs. MSCI - Volatility Comparison
RLX Technology Inc. (RLX) has a higher volatility of 9.65% compared to MSCI Inc. (MSCI) at 7.89%. This indicates that RLX's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLX | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 7.89% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 20.78% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 28.58% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.30% | 30.72% | +43.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 31.17% | +48.74% |
Dividends
RLX vs. MSCI - Dividend Comparison
RLX's dividend yield for the trailing twelve months is around 5.42%, more than MSCI's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCI MSCI Inc. | 1.25% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
RLX RLX Technology Inc. | 5.42% | 0.43% | 0.46% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RLX vs. MSCI - Financials Comparison
This section allows you to compare key financial metrics between RLX Technology Inc. and MSCI 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. MSCI - 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%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a gross profit of 709.00M and revenue of 850.80M. Therefore, the gross margin over that period was 83.3%.
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%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported an operating income of 456.90M and revenue of 850.80M, resulting in an operating margin of 53.7%.
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%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a net income of 406.00M and revenue of 850.80M, resulting in a net margin of 47.7%.
Frequently Asked Questions
RLX and MSCI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLX has higher volatility (9.65%) compared to MSCI (7.89%). In terms of maximum drawdown, RLX dropped -96.80% vs MSCI's -69.06%.
MSCI currently has the higher Sharpe Ratio (0.35 vs 0.09), 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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