Olympiad is one of two winners out of Tokyo Time (Medaglia d'Oro), who was Grade 3-placed. She is a half-sister to Hungry Island (More Than Ready), a dual Grade 2 winner placed in three Grade 1 races, and to Soaring Empire (Empire Maker), a Grade 3 winner and sire. Two further half-sisters are dams of graded winners: the multiple winner Flying Dixie (Dixieland Band) bred Preservationist, winner of the Grade 1 Woodward Stakes, and Divine Rule (Empire Maker) bred Azure Coast, who took the Gr.3 UAE 2000 Guineas.

Second dam Flying Passage (A.P. Indy) was a winner. Her half-siblings include the Grade 2 winner Waldoboro (Lyphard), the stakes winner Tara Roma (Lyphard), dam of Serra Lake, winner of the Grade 1 Go For Wand Stakes, and the Grade 3 winner Cappuchino and third dam of the Grade 1 Travers Stakes winner and sire Keen Ice, and Enchanted Rock (Giant's Causeway), dam of the dual Grade 1 winner and sire Verrazano. Two unraced half-sisters also feature: Mayan Maiden (Lyphard) is the second dam of Harmonize, winner of the Grade 1 Del Mar Oaks, and Chic Corine (Nureyev) produced Somali Lemonade, winner of the Grade 1 Diana Stakes, and is the second dam of Baraan, winner of the Gr.3 Prix La Force and third in the Gr.1 Prix du Jockey Club, and the third dam of Librisa Breeze, winner of the Gr.1 Champions Sprint Stakes.

Third dam Chic Shirine (Mr. Prospector) won the Grade 1 Ashland Stakes.