RLAY vs TACT: Correlation
Measured on weekly returns over the past three years, Relay Therapeutics, Inc. (RLAY) and TransAct Technologies Incorporated (TACT) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLAY and TACT?
Over the past 3 years, RLAY and TACT moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 1014.6 %².
Out of 16 assets tracked against RLAY, TACT lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with RLAY ahead by 420.5 points (+444.0% versus +23.5%). Risk is not evenly split, since RLAY carries 1.7 times the volatility of the other side.
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.
RLAY vs TACT: side by side
| RLAY (Relay Therapeutics, Inc.) | TACT (TransAct Technologies Incorporated) | |
|---|---|---|
| 1-year return | +444.0% | +23.5% |
| 5-year return | -35.3% | -64.0% |
| Volatility (ann.) | 71.3% | 42.2% |
| Beta vs S&P 500 | 2.17 | 0.56 |
| Max drawdown (3Y) | -83.4% | -59.0% |
| Market cap | $4.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLAY | TACT |
|---|---|---|
| 2022 | -51.4% | -42.0% |
| 2023 | -26.3% | +10.4% |
| 2024 | -62.6% | -41.4% |
| 2025 | +105.3% | -2.2% |
| 2026 | +129.6% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLAY and TACT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RLAY and TACT?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.31 over the last year and 0.25 over 5 years.
Is TACT a good diversifier for RLAY?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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: RLAY correlations · TACT correlations
