Main metrics

Main performance metrics highlight the strategy’s ability to generate strong, risk-adjusted returns with low correlation to broader markets. These results reflect a disciplined process designed to capture opportunities while managing volatility.

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Consistently achieving annualized returns of ~70% with a Sharpe Ratio of 1.56, and exhibiting low linkage to markets: correlation of 0.28, beta of 0.48.

Performance statistics1 Since manager account inception on December 4, 2020 to December 31, 2024
Relay Race Investments2 Manager track record

Ishares Russell 2000 ETF3

Return4
Since inception (annualized) 67.3% 6.0%
1 year5 44.3% 11.4%
3 years (annualized) 64.6% 1.1%
Risk
Standard deviation6 (annualized) 35.4% 21.1%
Maximum drawdown7 -21.0% -26.9%
Sharpe ratio8 1.56 0.24
Sortino ratio9 3.62 0.37
Recovery period10 8 months 22 months
Beta11 to Ishares Russell 2000 ETF 0.48
Correlation12 to Ishares Russell 2000 ETF 0.28
  1. Time period: December 4, 2020, to May 9, 2024. Monthly data collection except May 2024, gathered at End-Of-Day on May 9, 2024.
  2. Manager’s tenure: Since December 4, 2020. Track record sourced from personal account on Interactive Brokers. Data in Euros, includes after-withholding-tax dividends.
  3. It mirrors Russell 2000 index, benchmarking 2,000 smaller companies within Russell 3000 Index. As most of the stocks traded by Cristian are included in it, it is the key benchmark. Data in US Dollars, includes after-withholding-tax dividends.
  4. Portfolio’s time-weighted total return, including dividends.
  5. Last 365 days.
  6. Measure of variability indicating dispersion from the mean.
  7. Largest cumulative percentage decline in Portfolio’s Net Asset Value.
  8. Risk-adjusted return measure quantifying excess return per unit of risk.
  9. Ratio evaluating risk-adjusted return, penalizing returns below desired or required rate of return.
  10. Duration for account’s Net Asset Value to recover from valley to peak, for RRI from October 2022 to June 2023.
  11. Ratio measuring portfolio volatility relative to a benchmark.
  12. Statistical measure quantifying relationship between benchmark and portfolio returns.
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