RPID vs. BFLY

Last updated Jun 4, 2026

RPID (Rapid Micro Biosystems Inc) and BFLY (Butterfly Network, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 3 years, RPID returned 24.32%/yr vs 22.30%/yr for BFLY. At a 0.27 correlation, their price movements are largely independent.

Performance

RPID vs. BFLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rapid Micro Biosystems Inc (RPID) and Butterfly Network, Inc. (BFLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPID achieves a -32.41% return, which is significantly lower than BFLY's 15.53% return.

RPID

• 1D: 0.00%
• 1M: -21.29%
• YTD: -32.41%
• 6M: -51.00%
• 1Y: -47.45%
• 3Y*: 24.32%
• 5Y*: —
• 10Y*: —

BFLY

• 1D: -4.15%
• 1M: -9.48%
• YTD: 15.53%
• 6M: 47.81%
• 1Y: 86.02%
• 3Y*: 22.30%
• 5Y*: -19.84%
• 10Y*: —

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

RPID vs. BFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RPID Rapid Micro Biosystems Inc	-32.41%	222.22%	21.62%	-34.51%	-89.38%	-50.28%
BFLY Butterfly Network, Inc.	15.53%	21.79%	188.89%	-56.10%	-63.23%	-37.59%

Correlation

The correlation between RPID and BFLY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.27

Fundamentals

Market Cap RPID : $89.05M BFLY : $1.13B
EPS RPID : -$1.12 BFLY : -$0.30
PS Ratio RPID : 2.55 BFLY : 10.70
PB Ratio RPID : 4.37 BFLY : 5.89
Total Revenue (TTM) RPID : $34.38M BFLY : $102.92M
Gross Profit (TTM) RPID : $5.80M BFLY : $50.64M
EBITDA (TTM) RPID : -$47.18M BFLY : -$70.00M

Return for Risk

RPID vs. BFLY — Risk / Return Rank

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

RPID

RPID Risk / Return Rank: 15
RPID Sharpe Ratio Rank: 17
RPID Sortino Ratio Rank: 21
RPID Omega Ratio Rank: 22
RPID Calmar Ratio Rank: 10
RPID Martin Ratio Rank: 5

BFLY

BFLY Risk / Return Rank: 70
BFLY Sharpe Ratio Rank: 67
BFLY Sortino Ratio Rank: 75
BFLY Omega Ratio Rank: 71
BFLY Calmar Ratio Rank: 71
BFLY Martin Ratio Rank: 68

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.

RPID vs. BFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rapid Micro Biosystems Inc (RPID) and Butterfly Network, Inc. (BFLY). 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.

	RPID	BFLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	0.81	-1.36
Sortino ratio: Return per unit of downside risk	-0.44	2.03	-2.47
Omega ratio: Gain probability vs. loss probability	0.95	1.24	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.82	1.76	-2.58
Martin ratio: Return relative to average drawdown	-1.51	3.56	-5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPID vs. BFLY - Sharpe Ratio Comparison

The current RPID Sharpe Ratio is -0.55, which is lower than the BFLY Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of RPID and BFLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPID	BFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	0.81	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.14	-0.31

Drawdowns

RPID vs. BFLY - Drawdown Comparison

The maximum RPID drawdown since its inception was -97.57%, roughly equal to the maximum BFLY drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for RPID and BFLY.

Drawdown Indicators

	RPID	BFLY	Difference
Max Drawdown Largest peak-to-trough decline	-97.57%	-97.40%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-58.23%	-49.04%	-9.19%
Max Drawdown (3Y) Largest decline over 3 years	-58.23%	-73.20%	+14.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.23%	—
Current Drawdown Current decline from peak	-92.10%	-83.82%	-8.28%
Average Drawdown Average peak-to-trough decline	-84.12%	-75.95%	-8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.43%	24.27%	+7.16%

Volatility

RPID vs. BFLY - Volatility Comparison

The current volatility for Rapid Micro Biosystems Inc (RPID) is 16.18%, while Butterfly Network, Inc. (BFLY) has a volatility of 18.18%. This indicates that RPID experiences smaller price fluctuations and is considered to be less risky than BFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPID	BFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.18%	18.18%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	63.61%	68.93%	-5.32%
Volatility (1Y) Calculated over the trailing 1-year period	87.07%	106.48%	-19.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.68%	97.56%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.68%	94.70%	-7.02%

Dividends

RPID vs. BFLY - Dividend Comparison

Neither RPID nor BFLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RPID and BFLY in my portfolio?

RPID and BFLY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPID or BFLY?

BFLY has higher volatility (18.18%) compared to RPID (16.18%). In terms of maximum drawdown, RPID dropped -97.57% vs BFLY's -97.40%.

Which has better risk-adjusted returns?

BFLY currently has the higher Sharpe Ratio (0.81 vs -0.55), 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.