RELY vs. COCO
RELY (Remitly Global, Inc.) and COCO (The Vita Coco Company, Inc.) are both stocks. RELY operates in Software - Infrastructure (Technology), while COCO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 3 years, RELY returned 4.00%/yr vs 42.82%/yr for COCO. At a 0.22 correlation, their price movements are largely independent.
Performance
RELY vs. COCO - Performance Comparison
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Returns By Period
In the year-to-date period, RELY achieves a 52.90% return, which is significantly lower than COCO's 58.50% return.
RELY
- 1D
- 3.28%
- 1M
- -2.22%
- YTD
- 52.90%
- 6M
- 44.32%
- 1Y
- 4.82%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
COCO
- 1D
- 0.45%
- 1M
- 10.49%
- YTD
- 58.50%
- 6M
- 57.11%
- 1Y
- 139.24%
- 3Y*
- 42.82%
- 5Y*
- —
- 10Y*
- —
RELY vs. COCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RELY Remitly Global, Inc. | 52.90% | -38.86% | 16.22% | 69.61% | -44.47% | -40.15% |
COCO The Vita Coco Company, Inc. | 58.50% | 43.62% | 43.90% | 85.60% | 23.72% | -27.33% |
Correlation
The correlation between RELY and COCO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.22 |
The correlation between RELY and COCO shifts across timeframes, from 0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RELY:
$4.58B
COCO:
$5.08B
RELY:
$0.49
COCO:
$1.38
RELY:
43.39
COCO:
60.89
RELY:
0.23
COCO:
0.51
RELY:
2.65
COCO:
7.67
RELY:
5.05
COCO:
14.43
RELY:
$1.73B
COCO:
$658.62M
RELY:
$753.03M
COCO:
$246.32M
RELY:
$142.85M
COCO:
$100.45M
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Return for Risk
RELY vs. COCO — Risk / Return Rank
RELY
COCO
RELY vs. COCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Remitly Global, Inc. (RELY) and The Vita Coco Company, Inc. (COCO). 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 | COCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.44 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 5.86 | -5.79 |
| Martin ratioReturn relative to average drawdown | 0.12 | 16.41 | -16.29 |
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Drawdowns
RELY vs. COCO - Drawdown Comparison
The maximum RELY drawdown since its inception was -86.99%, which is greater than COCO's maximum drawdown of -56.97%. Use the drawdown chart below to compare losses from any high point for RELY and COCO.
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Drawdown Indicators
| RELY | COCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.99% | -56.97% | -30.02% |
Max Drawdown (1Y)Largest decline over 1 year | -40.08% | -23.23% | -16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -57.92% | -38.55% | -19.37% |
Current DrawdownCurrent decline from peak | -60.11% | 0.00% | -60.11% |
Average DrawdownAverage peak-to-trough decline | -67.40% | -16.76% | -50.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.92% | 8.28% | +14.64% |
Volatility
RELY vs. COCO - Volatility Comparison
Remitly Global, Inc. (RELY) has a higher volatility of 13.78% compared to The Vita Coco Company, Inc. (COCO) at 9.69%. This indicates that RELY's price experiences larger fluctuations and is considered to be riskier than COCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RELY | COCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.78% | 9.69% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 37.91% | 41.61% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 52.25% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.08% | 56.71% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.08% | 56.71% | +2.37% |
Dividends
RELY vs. COCO - Dividend Comparison
Neither RELY nor COCO has paid dividends to shareholders.
Financials
RELY vs. COCO - Financials Comparison
This section allows you to compare key financial metrics between Remitly Global, Inc. and The Vita Coco Company, 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
RELY vs. COCO - Profitability Comparison
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%.
COCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported a gross profit of 71.81M and revenue of 179.77M. Therefore, the gross margin over that period was 40.0%.
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%.
COCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported an operating income of 33.58M and revenue of 179.77M, resulting in an operating margin of 18.7%.
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%.
COCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported a net income of 30.47M and revenue of 179.77M, resulting in a net margin of 17.0%.
Frequently Asked Questions
RELY and COCO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RELY has higher volatility (13.78%) compared to COCO (9.69%). In terms of maximum drawdown, RELY dropped -86.99% vs COCO's -56.97%.
COCO currently has the higher Sharpe Ratio (2.61 vs 0.05), 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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