31 Stocks and 69 ETFs for diversifying DRIP (Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF)
The least correlated asset to DRIP (Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF) is ETF FXN (FIRST TRUST ENERGY ALPHADEX FUND). The correlation is -0.939.
Stocks that lowly correlated with DRIP
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| DVN | Devon Energy Corp | $53B | Energy | Oil & Gas E&p | -0.86 |
| OVV | Ovintiv Inc | $16B | Energy | Oil & Gas E&p | -0.86 |
| EOG | EOG Resources Inc | $73B | Energy | Oil & Gas E&p | -0.85 |
| FANG | Diamondback Energy Inc | $53B | Energy | Oil & Gas E&p | -0.84 |
| COP | Conoco Phillips | $136B | Energy | Oil & Gas E&p | -0.83 |
| CNQ | Canadian Natural Resources Ltd | $90B | Energy | Oil & Gas E&p | -0.82 |
| ALTS | ALT5 Sigma Corporation Common Stock | $4.90B | Technology | Software - Application | -0.82 |
| TEN-P-F | Tsakos Energy Navigation Ltd | $824M | N/A | N/A | -0.80 |
| CVE | Cenovus Energy Inc | $51B | Energy | Oil & Gas Integrated | -0.80 |
| HAL | Halliburton Company | $30B | Energy | Oil & Gas Equipment & Services | -0.80 |
| MGY | Magnolia Oil & Gas Corp - Class A | $4.90B | Energy | Oil & Gas E&p | -0.80 |
| SU | Suncor Energy Inc | $72B | Energy | Oil & Gas Integrated | -0.79 |
| VET | Vermilion Energy Inc | $1.50B | Energy | Oil & Gas E&p | -0.78 |
| XOM | Exxon Mobil Corp | $604B | Energy | Oil & Gas Integrated | -0.78 |
| MUR | Murphy Oil Corp | $4.97B | Energy | Oil & Gas E&p | -0.78 |
| MTDR | Matador Resources Company | $6.54B | Energy | Oil & Gas E&p | -0.77 |
| DMLP | Dorchester Minerals LP | $1.31B | Energy | Oil & Gas E&p | -0.77 |
| VG | Venture Global Inc - Class A | $32B | Energy | Oil & Gas Midstream | -0.77 |
| APA | APA Corporation | $12B | Energy | Oil & Gas E&p | -0.77 |
| SLB | SLB | $71B | Energy | Oil & Gas Equipment & Services | -0.76 |
| IMO | Imperial Oil Ltd | $58B | Energy | Oil & Gas Integrated | -0.76 |
| EPD | Enterprise Products Partners L P | $82B | Energy | Oil & Gas Midstream | -0.76 |
| TEN-P-E | Tsakos Energy Navigation Ltd | $792M | N/A | N/A | -0.76 |
| PTEN | Patterson-UTI Energy Inc | $3.74B | Energy | Oil & Gas Drilling | -0.75 |
| HESM | Hess Midstream LP - Class A | $8.16B | Energy | Oil & Gas Midstream | -0.75 |
| VLO | Valero Energy Corp | $87B | Energy | Oil & Gas Refining & Marketing | -0.75 |
| GRNA | GreenLight Biosciences Inc | $45M | N/A | N/A | -0.75 |
| OXY | Occidental Petroleum Corp | $53B | Energy | Oil & Gas E&p | -0.74 |
| TALO | Talos Energy Inc | $2.35B | Energy | Oil & Gas E&p | -0.74 |
| MPC | Marathon Petroleum Corp | $88B | Energy | Oil & Gas Refining & Marketing | -0.74 |
| BSM | Black Stone Minerals L.P. | $3.03B | Energy | Oil & Gas E&p | -0.74 |