KXIN vs RELY: Correlation
Measured on weekly returns over the past three years, Kaixin Holdings (KXIN) and Remitly Global, Inc. (RELY) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and RELY?
Over the past 3 years, KXIN and RELY moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -3323.7 %².
Out of 15 assets tracked against KXIN, RELY lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with RELY ahead by 140.8 points (-99.5% versus +41.3%). Risk is not evenly split, since KXIN carries 5.2 times the volatility of the other side.
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.
KXIN vs RELY: side by side
| KXIN (Kaixin Holdings) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +41.3% |
| 5-year return | -100.0% | -46.4% |
| Volatility (ann.) | 272.9% | 52.6% |
| Beta vs S&P 500 | 2.71 | 0.90 |
| Max drawdown (3Y) | -100.0% | -57.9% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | RELY |
|---|---|---|
| 2022 | -74.3% | -44.5% |
| 2023 | -80.0% | +69.6% |
| 2024 | -97.1% | +16.2% |
| 2025 | -88.6% | -38.9% |
| 2026 | -98.1% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and RELY good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KXIN and RELY?
The KXIN/RELY correlation stands at -0.23 on a 3-year window (1 year: -0.13, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is RELY a good diversifier for KXIN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kxin-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kxin-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KXIN correlations · RELY correlations
