CING vs RILY: Correlation
How closely do Cingulate Inc. (CING) and BRC Group Holdings, Inc. (RILY) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CING and RILY?
On 3 years of weekly data the CING/RILY correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.25). The 5-year figure is -0.23, and annualized covariance runs at -12370.2 %².
RILY is close to the least connected end of CING's tracked universe, ranking #11 of 14. Their 12-month results are close: +30.1% for CING against +26.7% for RILY. Note the risk asymmetry: CING runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CING vs RILY: side by side
| CING (Cingulate Inc.) | RILY (BRC Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | +30.1% | +26.7% |
| 5-year return | -99.5% | -85.6% |
| Volatility (ann.) | 405.7% | 119.9% |
| Beta vs S&P 500 | 3.94 | 0.85 |
| Max drawdown (3Y) | -99.0% | -94.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CING | RILY |
|---|---|---|
| 2022 | -63.8% | -58.4% |
| 2023 | -61.7% | -30.8% |
| 2024 | -94.6% | -77.3% |
| 2025 | -12.0% | +1.7% |
| 2026 | +25.3% | +52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CING and RILY good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CING and RILY?
As of 2026-08-27, the correlation of weekly returns between CING and RILY is -0.25 over 3 years, -0.03 over 1 year and -0.23 over 5 years.
Is RILY a good diversifier for CING?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/cing-vs-rily.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cing-vs-rily/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CING correlations · RILY correlations
