Looking to balance out your exposure to RILY? The ETFs below have historically moved differently from RILY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RILY
1 ETFs have low correlation with RILY (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust STOXX European Select Dividend Index Fund (FDD) (Europe Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust STOXX European Select Dividend Index F... | 0.26 | 0.19 | 0.30 | 89 | Europe Equities, Dividend | RILY vs FDD | |
| Invesco NASDAQ 100 ETF | 0.32 | 0.24 | 0.37 | 56 | Nasdaq-100 | RILY vs QQQM | |
| NEOS S&P 500 High Income ETF | 0.35 | 0.28 | — | 74 | Derivative Income, S&P 500 | RILY vs SPYI | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.28 | 0.41 | 72 | S&P 500 | RILY vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.27 | 0.40 | 72 | S&P 500 | RILY vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RILY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.00 | 0.08 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.02 | 0.08 | 86 | Consumer Defensive |
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