RILY vs TFX: Correlation
How closely do BRC Group Holdings, Inc. (RILY) and Teleflex Incorporated (TFX) 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 RILY and TFX?
Over the past 3 years, RILY and TFX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.25). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1030.1 %².
Among the 11 assets we track against RILY, TFX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with RILY ahead by 19.2 points (+26.7% versus +7.5%). Risk is not evenly split, since RILY carries 3.4 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.
RILY vs TFX: side by side
| RILY (BRC Group Holdings, Inc.) | TFX (Teleflex Incorporated) | |
|---|---|---|
| 1-year return | +26.7% | +7.5% |
| 5-year return | -85.6% | -63.6% |
| Volatility (ann.) | 119.9% | 35.0% |
| Beta vs S&P 500 | 0.85 | 0.75 |
| Max drawdown (3Y) | -94.1% | -60.1% |
| Market cap | $0.3B | $5.8B |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RILY | TFX |
|---|---|---|
| 2022 | -58.4% | -23.6% |
| 2023 | -30.8% | +0.5% |
| 2024 | -77.3% | -28.2% |
| 2025 | +1.7% | -30.7% |
| 2026 | +52.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RILY and TFX good diversifiers for each other?
Yes. With a correlation of -0.25, RILY and TFX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RILY and TFX?
The RILY/TFX correlation stands at -0.25 on a 3-year window (1 year: -0.36, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TFX a good diversifier for RILY?
Yes. With a correlation of -0.25, RILY and TFX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/rily-vs-tfx.json
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Related comparisons
Hubs: RILY correlations · TFX correlations
