RELY vs. PAYO
RELY (Remitly Global, Inc.) and PAYO (Payoneer Global Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 3 years, RELY returned -1.32%/yr vs 4.53%/yr for PAYO. At a 0.47 correlation, their price movements are largely independent.
Performance
RELY vs. PAYO - Performance Comparison
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Returns By Period
In the year-to-date period, RELY achieves a 33.70% return, which is significantly higher than PAYO's -8.54% return.
RELY
- 1D
- -1.70%
- 1M
- -23.22%
- YTD
- 33.70%
- 6M
- 36.57%
- 1Y
- -14.35%
- 3Y*
- -1.32%
- 5Y*
- —
- 10Y*
- —
PAYO
- 1D
- 1.98%
- 1M
- -0.39%
- YTD
- -8.54%
- 6M
- -9.03%
- 1Y
- -26.88%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
RELY vs. PAYO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RELY Remitly Global, Inc. | 33.70% | -38.86% | 16.22% | 69.61% | -44.47% | -57.44% |
PAYO Payoneer Global Inc. | -8.54% | -44.02% | 92.71% | -4.75% | -25.58% | -23.52% |
Correlation
The correlation between RELY and PAYO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.47 |
The correlation between RELY and PAYO shifts across timeframes, from 0.32 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RELY:
$4.00B
PAYO:
$1.80B
RELY:
$0.49
PAYO:
$0.20
RELY:
37.94
PAYO:
26.19
RELY:
2.32
PAYO:
1.77
RELY:
4.41
PAYO:
2.73
RELY:
$1.73B
PAYO:
$1.07B
RELY:
$753.03M
PAYO:
$660.73M
RELY:
$142.85M
PAYO:
$204.88M
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Return for Risk
RELY vs. PAYO — Risk / Return Rank
RELY
PAYO
RELY vs. PAYO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Remitly Global, Inc. (RELY) and Payoneer Global Inc. (PAYO). 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 | PAYO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.93 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.64 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.63 | -1.13 | +0.51 |
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
| RELY | PAYO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.57 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | -0.25 | -0.07 |
Drawdowns
RELY vs. PAYO - Drawdown Comparison
The maximum RELY drawdown since its inception was -85.80%, which is greater than PAYO's maximum drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for RELY and PAYO.
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Drawdown Indicators
| RELY | PAYO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.80% | -67.91% | -17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -40.89% | -42.45% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -57.92% | -61.36% | +3.44% |
Current DrawdownCurrent decline from peak | -61.92% | -53.48% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -64.50% | -41.47% | -23.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.50% | 23.74% | +1.76% |
Volatility
RELY vs. PAYO - Volatility Comparison
Remitly Global, Inc. (RELY) has a higher volatility of 13.97% compared to Payoneer Global Inc. (PAYO) at 12.41%. This indicates that RELY's price experiences larger fluctuations and is considered to be riskier than PAYO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RELY | PAYO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 12.41% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 38.48% | 37.67% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.84% | 47.16% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.08% | 55.61% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.08% | 55.61% | +3.47% |
Dividends
RELY vs. PAYO - Dividend Comparison
Neither RELY nor PAYO has paid dividends to shareholders.
Financials
RELY vs. PAYO - Financials Comparison
This section allows you to compare key financial metrics between Remitly Global, Inc. and Payoneer 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
RELY vs. PAYO - 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%.
PAYO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported a gross profit of 0.00 and revenue of 261.60M. Therefore, the gross margin over that period was 0.0%.
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%.
PAYO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported an operating income of 30.02M and revenue of 261.60M, resulting in an operating margin of 11.5%.
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%.
PAYO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported a net income of 19.57M and revenue of 261.60M, resulting in a net margin of 7.5%.
Frequently Asked Questions
RELY and PAYO have a correlation of 0.32, 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 PAYO (12.41%). In terms of maximum drawdown, RELY dropped -85.80% vs PAYO's -67.91%.
RELY currently has the higher Sharpe Ratio (-0.26 vs -0.57), 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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