Overview Performance Dividends Metrics Financials ETFs Industry Correlations

45 Stock and 55 ETF Diamondback Energy (FANG) alternatives

The most close Diamondback Energy (FANG) alternative is ETF IEO (ISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF). The correlation is 0.907.

Stocks that highly correlated with FANG

Symbol	Name	Market cap	Sector	Industry	Correlation
EOG	EOG Resources Inc	$73B	Energy	Oil & Gas E&p	0.90
DVN	Devon Energy Corp	$53B	Energy	Oil & Gas E&p	0.88
COP	Conoco Phillips	$136B	Energy	Oil & Gas E&p	0.84
MGY	Magnolia Oil & Gas Corp - Class A	$4.90B	Energy	Oil & Gas E&p	0.84
OVV	Ovintiv Inc	$16B	Energy	Oil & Gas E&p	0.84
CNQ	Canadian Natural Resources Ltd	$90B	Energy	Oil & Gas E&p	0.83
VET	Vermilion Energy Inc	$1.50B	Energy	Oil & Gas E&p	0.83
SM	SM Energy Company	$7.17B	Energy	Oil & Gas E&p	0.83
CVE	Cenovus Energy Inc	$51B	Energy	Oil & Gas Integrated	0.82
MTDR	Matador Resources Company	$6.54B	Energy	Oil & Gas E&p	0.82
PR	Permian Resources Corp - Class A	$16B	Energy	Oil & Gas E&p	0.81
MUR	Murphy Oil Corp	$4.97B	Energy	Oil & Gas E&p	0.81
VNOM	Viper Energy Inc - Class A	$6.95B	Energy	Oil & Gas Midstream	0.81
XOM	Exxon Mobil Corp	$604B	Energy	Oil & Gas Integrated	0.81
SU	Suncor Energy Inc	$72B	Energy	Oil & Gas Integrated	0.80
HAL	Halliburton Company	$30B	Energy	Oil & Gas Equipment & Services	0.79
PTEN	Patterson-UTI Energy Inc	$3.74B	Energy	Oil & Gas Drilling	0.79
IMO	Imperial Oil Ltd	$58B	Energy	Oil & Gas Integrated	0.79
OXY	Occidental Petroleum Corp	$53B	Energy	Oil & Gas E&p	0.79
SLB	SLB	$71B	Energy	Oil & Gas Equipment & Services	0.78
APA	APA Corporation	$12B	Energy	Oil & Gas E&p	0.78
EPD	Enterprise Products Partners L P	$82B	Energy	Oil & Gas Midstream	0.76
PAGP	Plains GP Holdings LP - Class A	$5.62B	Energy	Oil & Gas Midstream	0.76
PAA	Plains All American Pipeline LP	$19B	Energy	Oil & Gas Midstream	0.76
VTLE	Vital Energy, Inc.	$693M	Energy	Oil & Gas E&p	0.75
BRY	Berry Corp	$253M	Energy	Oil & Gas E&p	0.75
WES	Western Midstream Partners LP	$18B	Energy	Oil & Gas Midstream	0.75
DMLP	Dorchester Minerals LP	$1.31B	Energy	Oil & Gas E&p	0.75
MNR	Mach Natural Resources LP	$2.20B	Energy	Oil & Gas E&p	0.75
KOS	Kosmos Energy Ltd	$1.17B	Energy	Oil & Gas E&p	0.74
RIG	Transocean Ltd	$5.76B	Energy	Oil & Gas Drilling	0.74
KRP	Kimbell Royalty Partners LP	$1.46B	Energy	Oil & Gas E&p	0.74
SHEL	Shell Plc ADR (Representing - )	$241B	Energy	Oil & Gas Integrated	0.73
WHD	Cactus Inc - Class A	$4.02B	Energy	Oil & Gas Equipment & Services	0.73
PSX	Phillips 66	$79B	Energy	Oil & Gas Refining & Marketing	0.73
HP	Helmerich & Payne Inc	$3.34B	Energy	Oil & Gas Drilling	0.73
NPKI	Newpark Resources Inc	$1.22B	Industrials	Building Products & Equipment	0.73
GTE	Gran Tierra Energy Inc	$231M	Energy	Oil & Gas E&p	0.73
MPLX	MPLX LP	$57B	Energy	Oil & Gas Midstream	0.73
BP	BP plc	$108B	Energy	Oil & Gas Integrated	0.73
BTE	Baytex Energy Corp	$3.09B	Energy	Oil & Gas E&p	0.72
OII	Oceaneering International Inc	$4.25B	Energy	Oil & Gas Equipment & Services	0.72
CVX	Chevron Corp	$360B	Energy	Oil & Gas Integrated	0.72
ALTS	ALT5 Sigma Corporation Common Stock	$4.90B	Technology	Software - Application	0.72
FTI	TechnipFMC plc	$29B	Energy	Oil & Gas Equipment & Services	0.72

ETFs that highly correlated with FANG

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
IEO	ISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF	$516M	0.38%	May 1, 2006	0.91
FCG	FIRST TRUST NATURAL GAS ETF	$590M	0.59%	May 8, 2007	0.90
RSPG	INVESCO S&P 500 EQUAL WEIGHT ENERGY ETF	$533M	0.40%	Nov 1, 2006	0.90
XOP	STATE STREET(R) SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF	$2.90B	0.35%	Jun 19, 2006	0.90
VDE	VANGUARD ENERGY INDEX FUND ETF SHARES	$11B	0.09%	Sep 23, 2004	0.89
FXN	FIRST TRUST ENERGY ALPHADEX FUND	$413M	0.63%	May 8, 2007	0.89
FENY	FIDELITY MSCI ENERGY INDEX ETF	$1.70B	0.08%	Oct 21, 2013	0.89
IYE	ISHARES U.S. ENERGY ETF	$1.50B	0.38%	Jun 12, 2000	0.89
PXI	INVESCO DORSEY WRIGHT ENERGY MOMENTUM ETF	$73M	0.60%	Oct 12, 2006	0.89
PXE	INVESCO ENERGY EXPLORATION & PRODUCTION ETF	$79M	0.61%	Oct 26, 2005	0.89
XLE	STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) ETF	$36B	0.08%	Dec 16, 1998	0.88
POWR	ISHARES U.S. POWER INFRASTRUCTURE ETF	$420M	0.40%	Jan 31, 2012	0.88
FTXN	FIRST TRUST NASDAQ OIL & GAS ETF	$181M	0.60%	Sep 20, 2016	0.88
IXC	ISHARES GLOBAL ENERGY ETF	$2B	0.40%	Nov 12, 2001	0.88
DIG	PROSHARES ULTRA ENERGY	$64M	N/A	Jan 30, 2007	0.87
CEFZ	RIVERNORTH ACTIVE INCOME ETF	$40M	3.36%	Dec 27, 2006	0.86
PSCE	INVESCO S&P SMALLCAP ENERGY ETF	$98M	0.29%	Apr 7, 2010	0.86
PEO	Adams Natural Resources Fund Inc	$762M	N/A	N/A	0.86
OILT	Texas Capital Texas Oil Index ETF	$12M	0.35%	Dec 20, 2023	0.86
OILU	Bank of Montreal	$48M	N/A	Nov 8, 2021	0.84
BGR	Blackrock Energy & Resources Trust	$418M	N/A	N/A	0.84
IGE	ISHARES NORTH AMERICAN NATURAL RESOURCES ETF	$708M	0.39%	Oct 22, 2001	0.84
OIH	VANECK OIL SERVICES ETF	$2B	0.35%	Dec 20, 2011	0.83
PXJ	INVESCO OIL & GAS SERVICES ETF	$75M	0.63%	Oct 26, 2005	0.82
IEZ	ISHARES U.S. OIL EQUIPMENT & SERVICES ETF	$377M	0.38%	May 1, 2006	0.82
XES	STATE STREET(R) SPDR(R) S&P(R) OIL & GAS EQUIPMENT & SERVICES ETF	$467M	0.35%	Jun 19, 2006	0.82
AMLP	ALERIAN MLP ETF	$12B	1.01%	Aug 25, 2010	0.81
ATMP	iPath Select MLP ETN	$646M	0.95%	Mar 12, 2013	0.81
MLPA	GLOBAL X MLP ETF	$2.10B	0.77%	Apr 18, 2012	0.81
EINC	VANECK ENERGY INCOME ETF	$109M	0.46%	Mar 12, 2012	0.80
MLPB	UBS AG London Branch	$219M	0.85%	Oct 9, 2015	0.80
AMZA	INFRACAP MLP ETF	$444M	1.72%	Oct 1, 2014	0.80
ERX	DIREXION DAILY ENERGY BULL 2X SHARES	$211M	N/A	Nov 6, 2008	0.80
MLPX	GLOBAL X MLP & ENERGY INFRASTRUCTURE ETF	$3.50B	0.45%	Aug 6, 2013	0.80
USAI	PACER AMERICAN ENERGY INDEPENDENCE ETF	$111M	0.75%	Dec 12, 2017	0.80
ENFR	ALERIAN ENERGY INFRASTRUCTURE ETF	$468M	0.35%	Oct 31, 2013	0.79
GUSH	DIREXION DAILY S&P OIL & GAS EXP. & PROD. BULL 2X SHARES	$194M	N/A	May 28, 2015	0.79
AMUB	UBS AG London Branch	$37M	0.80%	Oct 9, 2015	0.79
DRLL	STRIVE U.S. ENERGY ETF	$261M	0.41%	Aug 8, 2022	0.78
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	$65M	0.75%	Feb 18, 2025	0.76
TPYP	TORTOISE NORTH AMERICAN PIPELINE ETF	$853M	0.40%	Jun 29, 2015	0.76
EMO	ClearBridge Energy Midstream Opportunity Fund Inc	$1.10B	N/A	N/A	0.76
NML	Neuberger Berman Energy Infrastructure and Income Fund Inc	$671M	N/A	N/A	0.76
WEEI	Westwood Salient Enhanced Energy Income ETF	$82M	0.85%	Apr 30, 2024	0.76
SRV	NXG Cushing Midstream Energy Fund	$231M	N/A	N/A	0.76
EQRR	PROSHARES EQUITIES FOR RISING RATES ETF	$38M	0.35%	Jul 24, 2017	0.75
TPZ	TORTOISE ELECTRIFICATION INFRASTRUCTURE ETF	$128M	0.85%	Jul 29, 2009	0.75
CRAK	VANECK OIL REFINERS ETF	$146M	0.61%	Aug 18, 2015	0.75
NANR	STATE STREET(R) SPDR(R) S&P(R) NORTH AMERICAN NATURAL RESOURCES ETF	$736M	0.35%	Dec 15, 2015	0.75
KYN	Kayne Anderson Energy Infrastructure Fund Inc	$2.70B	N/A	N/A	0.74
GUNR	FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND	$6.70B	0.46%	Sep 16, 2011	0.74
GNR	STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF	$4.50B	0.40%	Sep 13, 2010	0.73
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	0.73
RLY	STATE STREET(R) MULTI-ASSET REAL RETURN ETF	$1.20B	0.50%	Apr 25, 2012	0.73
NVIR	HORIZON KINETICS ENERGY AND REMEDIATION ETF	$5.80M	0.85%	Feb 21, 2023	0.72