GPN vs RELY: Correlation
Measured on weekly returns over the past three years, Global Payments (GPN) and Remitly Global, Inc. (RELY) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and RELY?
Over the past 3 years, GPN and RELY moved with a correlation of 0.41, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.41). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 780.4 %².
By 3-year correlation, RELY places #28 of the 39 assets tracked against GPN. Their recent paths diverged sharply: over the last 12 months RELY outperformed by 34.3 percentage points (+7.0% for GPN 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.
GPN vs RELY: side by side
| GPN (Global Payments) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +41.3% |
| 5-year return | -39.6% | -46.4% |
| Volatility (ann.) | 35.9% | 52.6% |
| Beta vs S&P 500 | 1.22 | 0.90 |
| Max drawdown (3Y) | -54.0% | -57.9% |
| Market cap | $24.5B | $5.5B |
| P/E (trailing) | 44.0 | 18.6 |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GPN | RELY |
|---|---|---|
| 2022 | -25.9% | -44.5% |
| 2023 | +29.0% | +69.6% |
| 2024 | -11.0% | +16.2% |
| 2025 | -30.1% | -38.9% |
| 2026 | +20.7% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and RELY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPN and RELY?
The GPN/RELY correlation stands at 0.41 on a 3-year window (1 year: 0.64, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RELY a good diversifier for GPN?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/gpn-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpn-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPN correlations · RELY correlations
