ACVA vs RELY: Correlation
How closely do ACV Auctions Inc. (ACVA) and Remitly Global, Inc. (RELY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and RELY?
Over the past 3 years, ACVA and RELY moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1217.6 %².
RELY is close to the least connected end of ACVA's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with RELY ahead by 78.6 points (-37.3% versus +41.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACVA vs RELY: side by side
| ACVA (ACV Auctions Inc.) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | -37.3% | +41.3% |
| 5-year return | -64.2% | -46.4% |
| Volatility (ann.) | 57.0% | 52.6% |
| Beta vs S&P 500 | 1.76 | 0.90 |
| Max drawdown (3Y) | -82.1% | -57.9% |
| Market cap | $1.2B | $5.5B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | RELY |
|---|---|---|
| 2022 | -56.4% | -44.5% |
| 2023 | +84.5% | +69.6% |
| 2024 | +42.6% | +16.2% |
| 2025 | -62.9% | -38.9% |
| 2026 | -10.0% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and RELY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACVA and RELY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.52 over the last year and 0.38 over 5 years.
Is RELY a good diversifier for ACVA?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acva-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acva-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACVA correlations · RELY correlations
