RELY vs. QTWO
RELY (Remitly Global, Inc.) and QTWO (Q2 Holdings, Inc.) are both stocks. Both are in the Technology sector — RELY in Software - Infrastructure, QTWO in Software - Application. Over the past 3 years, RELY returned -1.56%/yr vs 15.77%/yr for QTWO. At a 0.45 correlation, their price movements are largely independent.
Performance
RELY vs. QTWO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RELY achieves a 38.26% return, which is significantly higher than QTWO's -39.18% return.
RELY
- 1D
- 1.54%
- 1M
- -19.66%
- YTD
- 38.26%
- 6M
- 30.24%
- 1Y
- -4.22%
- 3Y*
- -1.56%
- 5Y*
- —
- 10Y*
- —
QTWO
- 1D
- 1.32%
- 1M
- -1.81%
- YTD
- -39.18%
- 6M
- -41.72%
- 1Y
- -50.39%
- 3Y*
- 15.77%
- 5Y*
- -15.41%
- 10Y*
- 4.96%
RELY vs. QTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RELY Remitly Global, Inc. | 38.26% | -38.86% | 16.22% | 69.61% | -44.47% | -61.02% |
QTWO Q2 Holdings, Inc. | -39.18% | -28.31% | 131.86% | 61.56% | -66.18% | -6.24% |
Correlation
The correlation between RELY and QTWO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.45 |
Fundamentals
RELY:
$4.14B
QTWO:
$2.97B
RELY:
$0.49
QTWO:
$1.07
RELY:
39.23
QTWO:
40.92
RELY:
2.40
QTWO:
3.68
RELY:
4.56
QTWO:
4.85
RELY:
$1.73B
QTWO:
$821.58M
RELY:
$753.03M
QTWO:
$456.61M
RELY:
$142.85M
QTWO:
$105.55M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RELY vs. QTWO — Risk / Return Rank
RELY
QTWO
RELY vs. QTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Remitly Global, Inc. (RELY) and Q2 Holdings, Inc. (QTWO). 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 | QTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.78 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.93 | +0.82 |
| Martin ratioReturn relative to average drawdown | -0.18 | -1.46 | +1.28 |
Loading charts...
Drawdowns
RELY vs. QTWO - Drawdown Comparison
The maximum RELY drawdown since its inception was -86.99%, roughly equal to the maximum QTWO drawdown of -85.77%. Use the drawdown chart below to compare losses from any high point for RELY and QTWO.
Loading charts...
Drawdown Indicators
| RELY | QTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.99% | -85.77% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -40.89% | -54.53% | +13.64% |
Max Drawdown (3Y)Largest decline over 3 years | -57.92% | -60.92% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.77% | — |
Current DrawdownCurrent decline from peak | -63.93% | -70.08% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -67.42% | -30.24% | -37.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.14% | 34.50% | -11.36% |
Volatility
RELY vs. QTWO - Volatility Comparison
The current volatility for Remitly Global, Inc. (RELY) is 13.52%, while Q2 Holdings, Inc. (QTWO) has a volatility of 17.04%. This indicates that RELY experiences smaller price fluctuations and is considered to be less risky than QTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RELY | QTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.52% | 17.04% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 37.83% | 32.97% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.58% | 44.18% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.12% | 50.07% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.12% | 44.28% | +14.84% |
Dividends
RELY vs. QTWO - Dividend Comparison
Neither RELY nor QTWO has paid dividends to shareholders.
Financials
RELY vs. QTWO - Financials Comparison
This section allows you to compare key financial metrics between Remitly Global, Inc. and Q2 Holdings, 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. QTWO - 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%.
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a gross profit of 127.91M and revenue of 216.51M. Therefore, the gross margin over that period was 59.1%.
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%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported an operating income of 27.69M and revenue of 216.51M, resulting in an operating margin of 12.8%.
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%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a net income of 26.64M and revenue of 216.51M, resulting in a net margin of 12.3%.
Frequently Asked Questions
RELY and QTWO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (17.04%) compared to RELY (13.52%). In terms of maximum drawdown, RELY dropped -86.99% vs QTWO's -85.77%.
RELY currently has the higher Sharpe Ratio (-0.08 vs -1.14), 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.
Find the right allocation for RELY and QTWO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer