LCTX vs RLAY: Correlation
Measured on weekly returns over the past three years, Lineage Cell Therapeutics, Inc. (LCTX) and Relay Therapeutics, Inc. (RLAY) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCTX and RLAY?
Across a 3-year window, the weekly returns of LCTX and RLAY correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 1828.4 %².
By 3-year correlation, RLAY places #4 of the 11 assets tracked against LCTX. Their recent paths diverged sharply: over the last 12 months RLAY outperformed by 448.9 percentage points (-4.9% for LCTX against +444.0% for RLAY).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LCTX vs RLAY: side by side
| LCTX (Lineage Cell Therapeutics, Inc.) | RLAY (Relay Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -4.9% | +444.0% |
| 5-year return | -52.7% | -35.3% |
| Volatility (ann.) | 72.1% | 71.3% |
| Beta vs S&P 500 | 1.00 | 2.17 |
| Max drawdown (3Y) | -73.6% | -83.4% |
| Market cap | $0.3B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCTX | RLAY |
|---|---|---|
| 2022 | -52.2% | -51.4% |
| 2023 | -6.8% | -26.3% |
| 2024 | -54.1% | -62.6% |
| 2025 | +234.0% | +105.3% |
| 2026 | -30.5% | +129.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCTX and RLAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LCTX and RLAY?
The LCTX/RLAY correlation stands at 0.36 on a 3-year window (1 year: 0.42, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is RLAY a good diversifier for LCTX?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LCTX correlations · RLAY correlations
