PAYC vs RELY: Correlation
Paycom Software, Inc. (PAYC) and Remitly Global, Inc. (RELY) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and RELY?
Across a 3-year window, the weekly returns of PAYC and RELY correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 1114.1 %².
Within PAYC's tracked universe of 17 assets, RELY comes in at #7 by 3-year correlation. The last year tells two different stories: RELY led by 36.3 percentage points, +5.0% for PAYC 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.
PAYC vs RELY: side by side
| PAYC (Paycom Software, Inc.) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | +5.0% | +41.3% |
| 5-year return | -50.2% | -46.4% |
| Volatility (ann.) | 46.9% | 52.6% |
| Beta vs S&P 500 | 0.72 | 0.90 |
| Max drawdown (3Y) | -60.8% | -57.9% |
| Market cap | $10.7B | $5.5B |
| P/E (trailing) | 25.1 | 18.6 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYC | RELY |
|---|---|---|
| 2022 | -25.3% | -44.5% |
| 2023 | -33.1% | +69.6% |
| 2024 | -0.0% | +16.2% |
| 2025 | -21.7% | -38.9% |
| 2026 | +49.8% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and RELY good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PAYC and RELY?
The PAYC/RELY correlation stands at 0.45 on a 3-year window (1 year: 0.28, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is RELY a good diversifier for PAYC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/payc-vs-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/payc-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAYC correlations · RELY correlations
