RELY vs. ADI

Last updated Jul 11, 2026

RELY (Remitly Global, Inc.) and ADI (Analog Devices, Inc.) are both stocks. Both are in the Technology sector — RELY in Software - Infrastructure, ADI in Semiconductors. Over the past 3 years, RELY returned 7.87%/yr vs 29.56%/yr for ADI. At a 0.28 correlation, their price movements are largely independent.

Performance

RELY vs. ADI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Remitly Global, Inc. (RELY) and Analog Devices, Inc. (ADI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RELY achieves a 72.25% return, which is significantly higher than ADI's 46.75% return.

RELY

• 1D: 0.89%
• 1M: 26.50%
• 6M: 73.00%
• YTD: 72.25%
• 1Y: 36.92%
• 3Y*: 7.87%
• 5Y*: —
• 10Y*: —

ADI

• 1D: 0.51%
• 1M: -4.00%
• 6M: 32.25%
• YTD: 46.75%
• 1Y: 63.87%
• 3Y*: 29.56%
• 5Y*: 20.96%
• 10Y*: 23.26%

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

RELY vs. ADI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RELY Remitly Global, Inc.	72.25%	-38.86%	16.22%	69.61%	-44.47%	-61.02%
ADI Analog Devices, Inc.	46.75%	29.75%	8.82%	23.36%	-4.91%	1.49%

Correlation

The correlation between RELY and ADI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.28

The correlation between RELY and ADI shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RELY : $5.01B ADI : $192.72B
EPS RELY : $0.49 ADI : $6.72
PE Ratio RELY : 48.74 ADI : 58.87
PEG Ratio RELY : 0.26 ADI : 3.62
PS Ratio RELY : 2.98 ADI : 15.31
PB Ratio RELY : 5.69 ADI : 5.75
Total Revenue (TTM) RELY : $1.73B ADI : $12.74B
Gross Profit (TTM) RELY : $753.03M ADI : $8.22B
EBITDA (TTM) RELY : $142.85M ADI : $6.19B

Return for Risk

RELY vs. ADI — Risk / Return Rank

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

RELY

RELY Risk / Return Rank: 63
RELY Sharpe Ratio Rank: 64
RELY Sortino Ratio Rank: 62
RELY Omega Ratio Rank: 66
RELY Calmar Ratio Rank: 62
RELY Martin Ratio Rank: 61

ADI

ADI Risk / Return Rank: 89
ADI Sharpe Ratio Rank: 90
ADI Sortino Ratio Rank: 86
ADI Omega Ratio Rank: 85
ADI Calmar Ratio Rank: 91
ADI Martin Ratio Rank: 90

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. ADI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Remitly Global, Inc. (RELY) and Analog Devices, Inc. (ADI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RELY	ADI	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.84	-1.30
Sortino ratio: Return per unit of downside risk	1.11	2.44	-1.33
Omega ratio: Gain probability vs. loss probability	1.16	1.32	-0.15
Calmar ratio: Return relative to maximum drawdown	0.76	4.06	-3.30
Martin ratio: Return relative to average drawdown	1.39	10.16	-8.77

RELY vs. ADI - Sharpe Ratio Comparison

The current RELY Sharpe Ratio is 0.54, which is lower than the ADI Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of RELY and ADI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RELY vs. ADI - Drawdown Comparison

The maximum RELY drawdown since its inception was -86.99%, roughly equal to the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for RELY and ADI.

Drawdown Indicators

	RELY	ADI	Difference
Max Drawdown Largest peak-to-trough decline	-86.99%	-82.88%	-4.11%
Max Drawdown (1Y) Largest decline over 1 year	-39.75%	-15.73%	-24.02%
Max Drawdown (3Y) Largest decline over 3 years	-57.92%	-32.20%	-25.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.62%	—
Current Drawdown Current decline from peak	-55.07%	-11.19%	-43.88%
Average Drawdown Average peak-to-trough decline	-67.29%	-33.87%	-33.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.74%	6.29%	+15.45%

Volatility

RELY vs. ADI - Volatility Comparison

The current volatility for Remitly Global, Inc. (RELY) is 10.99%, while Analog Devices, Inc. (ADI) has a volatility of 16.51%. This indicates that RELY experiences smaller price fluctuations and is considered to be less risky than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RELY	ADI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.99%	16.51%	-5.52%
Volatility (6M) Calculated over the trailing 6-month period	38.43%	28.72%	+9.71%
Volatility (1Y) Calculated over the trailing 1-year period	55.84%	34.72%	+21.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	33.70%	+25.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	32.97%	+25.94%

Dividends

RELY vs. ADI - Dividend Comparison

RELY has not paid dividends to shareholders, while ADI's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADI Analog Devices, Inc.	1.06%	1.46%	1.73%	1.73%	1.85%	1.57%	1.68%	1.82%	2.24%	2.02%	2.31%	2.89%
RELY Remitly Global, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

RELY vs. ADI - Profitability Comparison

The chart below illustrates the profitability comparison between Remitly Global, Inc. and Analog Devices, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RELY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

ADI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.

RELY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Remitly Global, Inc. reported an operating income of 53.74M and revenue of 452.80M, resulting in an operating margin of 11.9%.

ADI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.

RELY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Remitly Global, Inc. reported a net income of 49.05M and revenue of 452.80M, resulting in a net margin of 10.8%.

ADI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.

Frequently Asked Questions

Can I hold both RELY and ADI in my portfolio?

RELY and ADI have a correlation of 0.16, 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 ADI?

ADI has higher volatility (16.51%) compared to RELY (10.99%). In terms of maximum drawdown, RELY dropped -86.99% vs ADI's -82.88%.

Which has better risk-adjusted returns?

ADI currently has the higher Sharpe Ratio (1.84 vs 0.54), 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.