FLYW vs. RELY
FLYW (Flywire Corporation) and RELY (Remitly Global, Inc.) are both stocks. Both are in the Technology sector — FLYW in Information Technology Services, RELY in Software - Infrastructure. Over the past 3 years, FLYW returned -24.08%/yr vs -1.32%/yr for RELY. At a 0.47 correlation, their price movements are largely independent.
Performance
FLYW vs. RELY - Performance Comparison
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Returns By Period
In the year-to-date period, FLYW achieves a -1.98% return, which is significantly lower than RELY's 33.70% return.
FLYW
- 1D
- -3.61%
- 1M
- -19.44%
- YTD
- -1.98%
- 6M
- 2.89%
- 1Y
- 32.19%
- 3Y*
- -24.08%
- 5Y*
- -13.76%
- 10Y*
- —
RELY
- 1D
- -1.70%
- 1M
- -23.22%
- YTD
- 33.70%
- 6M
- 36.57%
- 1Y
- -14.35%
- 3Y*
- -1.32%
- 5Y*
- —
- 10Y*
- —
FLYW vs. RELY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLYW Flywire Corporation | -1.98% | -31.33% | -10.93% | -5.39% | -35.71% | -20.61% |
RELY Remitly Global, Inc. | 33.70% | -38.86% | 16.22% | 69.61% | -44.47% | -57.44% |
Correlation
The correlation between FLYW and RELY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.47 |
Fundamentals
FLYW:
$1.78B
RELY:
$4.00B
FLYW:
$99.12
RELY:
$0.49
FLYW:
0.14
RELY:
37.94
FLYW:
0.00
RELY:
0.20
FLYW:
0.01
RELY:
2.32
FLYW:
0.00
RELY:
4.41
FLYW:
$188.60B
RELY:
$1.73B
FLYW:
$299.78M
RELY:
$753.03M
FLYW:
$11.02B
RELY:
$142.85M
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Return for Risk
FLYW vs. RELY — Risk / Return Rank
FLYW
RELY
FLYW vs. RELY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flywire Corporation (FLYW) and Remitly Global, Inc. (RELY). 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.
| FLYW | RELY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | -0.35 | +1.50 |
| Martin ratioReturn relative to average drawdown | 3.08 | -0.63 | +3.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLYW | RELY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -0.26 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.32 | +0.02 |
Drawdowns
FLYW vs. RELY - Drawdown Comparison
The maximum FLYW drawdown since its inception was -84.40%, roughly equal to the maximum RELY drawdown of -85.80%. Use the drawdown chart below to compare losses from any high point for FLYW and RELY.
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Drawdown Indicators
| FLYW | RELY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -85.80% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -28.16% | -40.89% | +12.73% |
Max Drawdown (3Y)Largest decline over 3 years | -75.98% | -57.92% | -18.06% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | — | — |
Current DrawdownCurrent decline from peak | -74.28% | -61.92% | -12.36% |
Average DrawdownAverage peak-to-trough decline | -56.05% | -64.50% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 25.50% | -15.01% |
Volatility
FLYW vs. RELY - Volatility Comparison
Flywire Corporation (FLYW) and Remitly Global, Inc. (RELY) have volatilities of 13.57% and 13.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYW | RELY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 13.97% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 36.75% | 38.48% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 55.84% | -8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.36% | 59.08% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.35% | 59.08% | -1.73% |
Dividends
FLYW vs. RELY - Dividend Comparison
Neither FLYW nor RELY has paid dividends to shareholders.
Financials
FLYW vs. RELY - Financials Comparison
This section allows you to compare key financial metrics between Flywire Corporation and Remitly Global, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FLYW vs. RELY - Profitability Comparison
FLYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported a gross profit of 0.00 and revenue of 188.11B. Therefore, the gross margin over that period was 0.0%.
RELY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Remitly Global, Inc. reported a gross profit of 0.00 and revenue of 452.80M. Therefore, the gross margin over that period was 0.0%.
FLYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported an operating income of 10.78B and revenue of 188.11B, resulting in an operating margin of 5.7%.
RELY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Remitly Global, Inc. reported an operating income of 53.74M and revenue of 452.80M, resulting in an operating margin of 11.9%.
FLYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported a net income of 12.52B and revenue of 188.11B, resulting in a net margin of 6.7%.
RELY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Remitly Global, Inc. reported a net income of 49.05M and revenue of 452.80M, resulting in a net margin of 10.8%.
Frequently Asked Questions
FLYW and RELY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RELY has higher volatility (13.97%) compared to FLYW (13.57%). In terms of maximum drawdown, FLYW dropped -84.40% vs RELY's -85.80%.
FLYW currently has the higher Sharpe Ratio (0.69 vs -0.26), 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.
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