RELY vs. ^SP500TR

Last updated Jun 4, 2026

RELY (Remitly Global, Inc.) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 3 years, RELY returned 0.93%/yr vs 22.47%/yr for ^SP500TR. At a 0.41 correlation, their price movements are largely independent.

Performance

RELY vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Remitly Global, Inc. (RELY) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RELY achieves a 42.97% return, which is significantly higher than ^SP500TR's 10.89% return.

RELY

• 1D: -1.69%
• 1M: -17.03%
• YTD: 42.97%
• 6M: 48.23%
• 1Y: -5.87%
• 3Y*: 0.93%
• 5Y*: —
• 10Y*: —

^SP500TR

• 1D: -0.74%
• 1M: 5.02%
• YTD: 10.89%
• 6M: 10.93%
• 1Y: 28.06%
• 3Y*: 22.47%
• 5Y*: 13.92%
• 10Y*: 15.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RELY vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RELY Remitly Global, Inc.	42.97%	-38.86%	16.22%	69.61%	-44.47%	-57.44%
^SP500TR S&P 500 Total Return	10.89%	17.88%	25.02%	26.29%	-18.11%	7.52%

Correlation

The correlation between RELY and ^SP500TR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.41

Return for Risk

RELY vs. ^SP500TR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RELY

RELY Risk / Return Rank: 36
RELY Sharpe Ratio Rank: 36
RELY Sortino Ratio Rank: 36
RELY Omega Ratio Rank: 36
RELY Calmar Ratio Rank: 36
RELY Martin Ratio Rank: 36

^SP500TR

^SP500TR Risk / Return Rank: 79
^SP500TR Sharpe Ratio Rank: 77
^SP500TR Sortino Ratio Rank: 77
^SP500TR Omega Ratio Rank: 77
^SP500TR Calmar Ratio Rank: 76
^SP500TR Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RELY vs. ^SP500TR - Risk-Adjusted Trends 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.

	RELY	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	-0.11	2.37	-2.48
Sortino ratio Return per unit of downside risk	0.25	3.24	-3.00
Omega ratio Gain probability vs. loss probability	1.04	1.43	-0.39
Calmar ratio Return relative to maximum drawdown	-0.14	3.17	-3.31
Martin ratio Return relative to average drawdown	-0.23	14.81	-15.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RELY vs. ^SP500TR - Sharpe Ratio Comparison

The current RELY Sharpe Ratio is -0.11, which is lower than the ^SP500TR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of RELY and ^SP500TR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RELY	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	2.37	-2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.65	-0.94

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.

Drawdown Indicators

	RELY	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-85.80%	-55.25%	-30.55%
Max Drawdown (1Y) Largest decline over 1 year	-43.36%	-8.89%	-34.47%
Max Drawdown (3Y) Largest decline over 3 years	-57.92%	-18.75%	-39.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-59.28%	-0.74%	-58.54%
Average Drawdown Average peak-to-trough decline	-64.51%	-8.17%	-56.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.39%	1.90%	+23.49%

Volatility

RELY vs. ^SP500TR - Volatility Comparison

Remitly Global, Inc. (RELY) has a higher volatility of 13.54% compared to S&P 500 Total Return (^SP500TR) at 2.93%. 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.

Volatility by Period

	RELY	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	2.93%	+10.61%
Volatility (6M) Calculated over the trailing 6-month period	38.19%	8.99%	+29.20%
Volatility (1Y) Calculated over the trailing 1-year period	55.61%	11.89%	+43.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.10%	16.90%	+42.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.10%	18.07%	+41.03%

Frequently Asked Questions

Can I hold both RELY and ^SP500TR in my portfolio?

RELY and ^SP500TR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RELY or ^SP500TR?

RELY has higher volatility (13.54%) compared to ^SP500TR (2.93%). In terms of maximum drawdown, RELY dropped -85.80% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.37 vs -0.11), 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.