RELY vs. ^SP500TR
Compare and contrast key facts about Remitly Global, Inc. (RELY) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RELY or ^SP500TR.
Correlation
The correlation between RELY and ^SP500TR is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RELY vs. ^SP500TR - Performance Comparison
Key characteristics
RELY:
0.77
^SP500TR:
1.75
RELY:
1.54
^SP500TR:
2.36
RELY:
1.18
^SP500TR:
1.32
RELY:
0.43
^SP500TR:
2.66
RELY:
1.23
^SP500TR:
11.02
RELY:
26.42%
^SP500TR:
2.04%
RELY:
42.14%
^SP500TR:
12.89%
RELY:
-85.80%
^SP500TR:
-55.25%
RELY:
-50.75%
^SP500TR:
-2.12%
Returns By Period
In the year-to-date period, RELY achieves a 5.72% return, which is significantly higher than ^SP500TR's 2.42% return.
RELY
5.72%
3.20%
73.15%
14.33%
N/A
N/A
^SP500TR
2.42%
-1.08%
7.42%
19.81%
14.30%
13.06%
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Risk-Adjusted Performance
RELY vs. ^SP500TR — Risk-Adjusted Performance Rank
RELY
^SP500TR
RELY vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Remitly Global, Inc. (RELY) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
RELY vs. ^SP500TR - Drawdown Comparison
The maximum RELY drawdown since its inception was -85.80%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for RELY and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
RELY vs. ^SP500TR - Volatility Comparison
Remitly Global, Inc. (RELY) has a higher volatility of 12.58% compared to S&P 500 Total Return (^SP500TR) at 3.43%. This indicates that RELY's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.