AES vs RELY: Correlation
Measured on weekly returns over the past three years, AES Corporation (AES) and Remitly Global, Inc. (RELY) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and RELY?
On 3 years of weekly data the AES/RELY correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.08 over 1 year against -0.18 over 3. The 5-year figure is -0.03, and annualized covariance runs at -382.4 %².
Among the 31 assets we track against AES, RELY ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RELY outperformed by 25.4 percentage points (+15.9% for AES against +41.3% for RELY).
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.
AES vs RELY: side by side
| AES (AES Corporation) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | +41.3% |
| 5-year return | -25.1% | -46.4% |
| Volatility (ann.) | 40.5% | 52.6% |
| Beta vs S&P 500 | 0.86 | 0.90 |
| Max drawdown (3Y) | -53.3% | -57.9% |
| Market cap | $10.5B | $5.5B |
| P/E (trailing) | 5.5 | 18.6 |
| Dividend yield | 4.78% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AES | RELY |
|---|---|---|
| 2022 | +21.7% | -44.5% |
| 2023 | -30.9% | +69.6% |
| 2024 | -30.4% | +16.2% |
| 2025 | +18.3% | -38.9% |
| 2026 | +6.6% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and RELY good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AES and RELY?
As of 2026-08-27, the correlation of weekly returns between AES and RELY is -0.18 over 3 years, -0.08 over 1 year and -0.03 over 5 years.
Is RELY a good diversifier for AES?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aes-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aes-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AES correlations · RELY correlations
