RNAC vs. BMY

Last updated Jul 11, 2026

RNAC (Cartesian Therapeutics Inc.) and BMY (Bristol-Myers Squibb Company) are both stocks. Both are in the Healthcare sector — RNAC in Biotechnology, BMY in Drug Manufacturers - General. Over the past 10 years, RNAC returned -31.57%/yr vs 0.72%/yr for BMY. At a 0.13 correlation, their price movements are largely independent.

Performance

RNAC vs. BMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cartesian Therapeutics Inc. (RNAC) and Bristol-Myers Squibb Company (BMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNAC achieves a 31.21% return, which is significantly higher than BMY's 10.36% return. Over the past 10 years, RNAC has underperformed BMY with an annualized return of -31.57%, while BMY has yielded a comparatively higher 0.72% annualized return.

RNAC

• 1D: -2.17%
• 1M: -0.53%
• 6M: 15.37%
• YTD: 31.21%
• 1Y: -28.98%
• 3Y*: -34.06%
• 5Y*: -39.81%
• 10Y*: -31.57%

BMY

• 1D: -0.62%
• 1M: 1.93%
• 6M: 5.32%
• YTD: 10.36%
• 1Y: 28.77%
• 3Y*: 1.83%
• 5Y*: 1.02%
• 10Y*: 0.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNAC vs. BMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNAC Cartesian Therapeutics Inc.	31.21%	-59.74%	-13.40%	-38.99%	-65.34%	7.59%	27.31%	-10.53%	-72.88%	-42.80%
BMY Bristol-Myers Squibb Company	10.36%	0.11%	15.81%	-26.14%	18.98%	2.88%	0.41%	27.74%	-12.90%	7.71%

Correlation

The correlation between RNAC and BMY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 22, 2016	0.13

Fundamentals

Market Cap RNAC : $277.95M BMY : $117.58B
EPS RNAC : -$5.78 BMY : $3.56
PS Ratio RNAC : 140.05 BMY : 2.42
Total Revenue (TTM) RNAC : $1.78M BMY : $48.48B
Gross Profit (TTM) RNAC : -$11.10M BMY : $33.33B
EBITDA (TTM) RNAC : -$40.76M BMY : $13.34B

Return for Risk

RNAC vs. BMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNAC

RNAC Risk / Return Rank: 31
RNAC Sharpe Ratio Rank: 29
RNAC Sortino Ratio Rank: 34
RNAC Omega Ratio Rank: 34
RNAC Calmar Ratio Rank: 26
RNAC Martin Ratio Rank: 31

BMY

BMY Risk / Return Rank: 73
BMY Sharpe Ratio Rank: 73
BMY Sortino Ratio Rank: 70
BMY Omega Ratio Rank: 66
BMY Calmar Ratio Rank: 79
BMY Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNAC vs. BMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cartesian Therapeutics Inc. (RNAC) and Bristol-Myers Squibb Company (BMY). 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.

	RNAC	BMY	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.88	-1.24
Sortino ratio: Return per unit of downside risk	-0.01	1.47	-1.48
Omega ratio: Gain probability vs. loss probability	1.00	1.17	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.53	1.95	-2.48
Martin ratio: Return relative to average drawdown	-0.74	4.28	-5.02

RNAC vs. BMY - Sharpe Ratio Comparison

The current RNAC Sharpe Ratio is -0.35, which is lower than the BMY Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of RNAC and BMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RNAC vs. BMY - Drawdown Comparison

The maximum RNAC drawdown since its inception was -99.26%, which is greater than BMY's maximum drawdown of -72.03%. Use the drawdown chart below to compare losses from any high point for RNAC and BMY.

Drawdown Indicators

	RNAC	BMY	Difference
Max Drawdown Largest peak-to-trough decline	-99.26%	-72.03%	-27.23%
Max Drawdown (1Y) Largest decline over 1 year	-57.37%	-12.53%	-44.84%
Max Drawdown (3Y) Largest decline over 3 years	-85.58%	-36.02%	-49.56%
Max Drawdown (5Y) Largest decline over 5 years	-95.79%	-47.67%	-48.12%
Max Drawdown (10Y) Largest decline over 10 years	-99.26%	-47.67%	-51.59%
Current Drawdown Current decline from peak	-98.80%	-16.20%	-82.60%
Average Drawdown Average peak-to-trough decline	-80.74%	-22.37%	-58.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.81%	5.73%	+35.08%

Volatility

RNAC vs. BMY - Volatility Comparison

Cartesian Therapeutics Inc. (RNAC) has a higher volatility of 29.75% compared to Bristol-Myers Squibb Company (BMY) at 8.93%. This indicates that RNAC's price experiences larger fluctuations and is considered to be riskier than BMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNAC	BMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.75%	8.93%	+20.82%
Volatility (6M) Calculated over the trailing 6-month period	67.47%	18.73%	+48.74%
Volatility (1Y) Calculated over the trailing 1-year period	85.44%	27.76%	+57.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.60%	24.28%	+65.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.96%	25.37%	+65.59%

Dividends

RNAC vs. BMY - Dividend Comparison

RNAC has not paid dividends to shareholders, while BMY's dividend yield for the trailing twelve months is around 4.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMY Bristol-Myers Squibb Company	4.36%	4.60%	4.24%	4.44%	3.00%	2.36%	3.69%	2.55%	3.08%	2.55%	1.95%	2.17%
RNAC Cartesian Therapeutics Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both RNAC and BMY in my portfolio?

RNAC and BMY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNAC or BMY?

RNAC has higher volatility (29.75%) compared to BMY (8.93%). In terms of maximum drawdown, RNAC dropped -99.26% vs BMY's -72.03%.

Which has better risk-adjusted returns?

BMY currently has the higher Sharpe Ratio (0.88 vs -0.35), 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.