The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has New Relic been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

New Relic is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NEWR is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for NEWR's full-year earnings has moved 15.27% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, NEWR has gained about 29.03% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 16.10% on a year-to-date basis. This shows that New Relic is outperforming its peers so far this year.

To break things down more, NEWR belongs to the Internet - Software industry, a group that includes 83 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has gained an average of 25.31% so far this year, so NEWR is performing better in this area.

Investors with an interest in Computer and Technology stocks should continue to track NEWR. The stock will be looking to continue its solid performance.