RILY vs TRIN: Correlation
Measured on weekly returns over the past three years, BRC Group Holdings, Inc. (RILY) and Trinity Capital Inc. (TRIN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RILY and TRIN?
Over the past 3 years, RILY and TRIN moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.39 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 856.8 %².
TRIN is one of the assets that tracks RILY most closely: it ranks #1 out of the 11 assets we track against RILY. Over the last 12 months TRIN came out ahead by 8.9 percentage points (+26.7% against +35.6%). Risk is not evenly split, since RILY carries 6.5 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 TRIN: side by side
| RILY (BRC Group Holdings, Inc.) | TRIN (Trinity Capital Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +35.6% |
| 5-year return | -85.6% | +139.8% |
| Volatility (ann.) | 119.9% | 18.5% |
| Beta vs S&P 500 | 0.85 | 0.56 |
| Max drawdown (3Y) | -94.1% | -15.6% |
| Market cap | $0.3B | $1.7B |
| P/E (trailing) | 0.6 | 10.7 |
| Dividend yield | 0.00% | 10.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RILY | TRIN |
|---|---|---|
| 2022 | -58.4% | -26.6% |
| 2023 | -30.8% | +54.0% |
| 2024 | -77.3% | +14.8% |
| 2025 | +1.7% | +16.0% |
| 2026 | +52.2% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RILY and TRIN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RILY and TRIN?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.29 over the last year and 0.33 over 5 years.
Is TRIN a good diversifier for RILY?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: RILY correlations · TRIN correlations
