RILY vs TPC: Correlation
How closely do BRC Group Holdings, Inc. (RILY) and Tutor Perini Corporation (TPC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RILY and TPC?
Across a 3-year window, the weekly returns of RILY and TPC correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.36 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 2654.8 %².
Few assets follow RILY as closely as TPC, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months TPC outperformed by 30.2 percentage points (+26.7% for RILY against +56.9% for TPC). One caveat on sizing: RILY is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TPC: side by side
| RILY (BRC Group Holdings, Inc.) | TPC (Tutor Perini Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +56.9% |
| 5-year return | -85.6% | +541.7% |
| Volatility (ann.) | 119.9% | 62.0% |
| Beta vs S&P 500 | 0.85 | 1.63 |
| Max drawdown (3Y) | -94.1% | -40.9% |
| Market cap | $0.3B | $4.8B |
| P/E (trailing) | 0.6 | 39.6 |
| Dividend yield | 0.00% | 0.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RILY | TPC |
|---|---|---|
| 2022 | -58.4% | -39.0% |
| 2023 | -30.8% | +20.5% |
| 2024 | -77.3% | +165.9% |
| 2025 | +1.7% | +177.2% |
| 2026 | +52.2% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RILY and TPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RILY and TPC?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.12 over the last year and 0.34 over 5 years.
Is TPC a good diversifier for RILY?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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-tpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rily-vs-tpc/)
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Related comparisons
Hubs: RILY correlations · TPC correlations
