Looking to balance out your exposure to RILY? The ETFs below have the lowest correlation with RILY — they tend to move on their own, which can help reduce risk when RILY drops. The stock ideas table highlights individual companies that behave independently from RILY.
Best Diversifiers for RILY
2 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 0.24, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust STOXX European Select Dividend Index F... | 0.24 | 0.20 | 0.31 | 64 | Europe Equities, Dividend | RILY vs FDD | |
| Invesco NASDAQ 100 ETF | 0.27 | 0.23 | 0.36 | 74 | Nasdaq-100 | RILY vs QQQM | |
| NEOS S&P 500 High Income ETF | 0.31 | 0.26 | — | 71 | Derivative Income, S&P 500 | RILY vs SPYI | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.27 | 0.40 | 70 | S&P 500 | RILY vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.27 | 0.40 | 70 | S&P 500 | RILY vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RILY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RILY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.02 | 0.09 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | 0.05 | 0.09 | 66 | Consumer Defensive |
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