RILY vs TRNR: Correlation
BRC Group Holdings, Inc. (RILY) and Interactive Strength Inc. (TRNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RILY and TRNR?
Over the past 3 years, RILY and TRNR moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.34 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6120.0 %².
Among the 11 assets we track against RILY, TRNR ranks #5 by 3-year correlation. The last year tells two different stories: RILY led by 125.6 percentage points, +26.7% for RILY against -98.9% for TRNR.
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 TRNR: side by side
| RILY (BRC Group Holdings, Inc.) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -98.9% |
| 5-year return | -85.6% | n/a |
| Volatility (ann.) | 119.9% | 151.7% |
| Beta vs S&P 500 | 0.85 | 1.38 |
| Max drawdown (3Y) | -94.1% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RILY | TRNR |
|---|---|---|
| 2022 | -58.4% | – |
| 2023 | -30.8% | – |
| 2024 | -77.3% | -99.9% |
| 2025 | +1.7% | -97.0% |
| 2026 | +52.2% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RILY and TRNR good diversifiers for each other?
Reasonably. At 0.34, RILY and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RILY and TRNR?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is TRNR a good diversifier for RILY?
Reasonably. At 0.34, RILY and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RILY correlations · TRNR correlations
