AMD Radeon RX 470 's Advantages
More VRAM (4GB vs 2GB)
Larger VRAM bandwidth (211.2GB/s vs 112.0GB/s)
1536 additional rendering cores
AMD Radeon 550X 's Advantages
Released 2 years and 7 months late
Boost Clock has increased by 1% (1218MHz vs 1206MHz)
Lower TDP (50W vs 120W)