ATNI vs RELY: Correlation
How closely do ATN International, Inc. (ATNI) and Remitly Global, Inc. (RELY) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNI and RELY?
Over the past 3 years, ATNI and RELY moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.23). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -697.3 %².
Out of 11 assets tracked against ATNI, RELY lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months ATNI outperformed by 54.1 percentage points (+95.4% for ATNI 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.
ATNI vs RELY: side by side
| ATNI (ATN International, Inc.) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | +95.4% | +41.3% |
| 5-year return | -22.3% | -46.4% |
| Volatility (ann.) | 58.6% | 52.6% |
| Beta vs S&P 500 | 0.57 | 0.90 |
| Max drawdown (3Y) | -62.6% | -57.9% |
| Market cap | $0.5B | $5.5B |
| P/E (trailing) | 3.0 | 18.6 |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATNI | RELY |
|---|---|---|
| 2022 | +15.3% | -44.5% |
| 2023 | -11.9% | +69.6% |
| 2024 | -55.1% | +16.2% |
| 2025 | +43.8% | -38.9% |
| 2026 | +32.9% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNI and RELY good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATNI and RELY?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.12 over the last year and -0.13 over 5 years.
Is RELY a good diversifier for ATNI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/atni-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atni-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATNI correlations · RELY correlations
