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47 Stocks and 53 ETFs for diversifying NGL Energy Partners LP (NGL)

The least correlated asset to NGL Energy Partners LP (NGL) is company Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) (RNERU). The correlation is -0.8319.

Stocks that lowly correlated with NGL

SymbolName
Market cap
SectorIndustry
Correlation
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.83
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.70
TACOBerto Acquisition Corp$315MFinancial ServicesShell Companies-0.67
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.57
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.56
AIROAIRO Group Holdings Inc$229MIndustrialsAerospace & Defense-0.56
LOARLoar Holdings Inc$5.82BIndustrialsAerospace & Defense-0.56
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.55
MCGAUYorkville Acquisition Corp - Units (1 Ord Cls A & 1/3 War)$52MFinancial ServicesShell Companies-0.55
XRPNArmada Acquisition Corp II - Class A$328MFinancial ServicesShell Companies-0.54
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.52
MNTNMNTN Inc - Class A$653MTechnologySoftware - Application-0.52
BEAGBold Eagle Acquisition Corp$273MFinancial ServicesShell Companies-0.51
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.50
VOYGVoyager Technologies Inc - Class A$2.83BIndustrialsAerospace & Defense-0.50
NKLRTerra Innovatum Global N.V.$312MUtilitiesUtilities - Regulated Electric-0.48
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.48
OACCUOaktree Acquisition Corp III Life Sciences - Units (1 Ordinary Cls A & 1/5 Warr)$186MFinancial ServicesShell Companies-0.47
NAMIJinxin Technology Holding Company$34MCommunication ServicesInternet Content & Information-0.47
RAYRaytech Holding Ltd$9.91MConsumer DefensiveHousehold & Personal Products-0.46
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.46
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.45
GLXYGalaxy Digital$5.92BFinancial ServicesCapital Markets-0.44
PRMBPrimo Brands Corp - Class A$8.97BConsumer DefensiveBeverages - Non-alcoholic-0.44
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.43
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.43
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.41
FMFCKandal M Venture Ltd - Class A$6.81MConsumer CyclicalFootwear & Accessories-0.41
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.41
CAPNRCayson Acquisition Corp$422KN/AN/A-0.39
CCIXChurchill Capital Corp IX$310MFinancial ServicesShell Companies-0.39
EHGOEshallgo Inc - Class A$2.55MIndustrialsBusiness Equipment & Supplies-0.39
CAICaris Life Sciences Inc - Class A$4.35BHealthcareBiotechnology-0.39
WXMWF International Ltd$3.63MIndustrialsIndustrial Distribution-0.39
IBGInnovation Beverage Group Ltd$1.22MConsumer DefensiveBeverages - Wineries & Distilleries-0.38
FTPAFTAC Parnassus Acquisition Corp - Class A$302MFinancial ServicesShell Companies-0.37
IMRABITWISE MARA OPTION INCOME STRATEGY ETF $914MN/AN/A-0.37
SOCFlame Acquisition Corp$1.97BEnergyOil & Gas Drilling-0.36
OHPAUOrion Acquisition Corp - Units (1 Ord Share Class A & 1/4 War)$417MN/AN/A-0.36
FORLFour Leaf Acquisition Corporation Class A Common Stock$47MN/AN/A-0.36
EGGEnigmatig Ltd - Class A$251MIndustrialsConsulting Services-0.35
DEFTDefi Technologies Inc$193MFinancial ServicesCapital Markets-0.35
IQSTiQSTEL Inc$6.04MCommunication ServicesTelecom Services-0.35
MLACMountain Lake Acquisition Corp - Class A$43MN/AN/A-0.34
OAKUROak Woods Acquisition Corp$321KN/AN/A-0.34
DRSLeonardo DRS Inc$12BIndustrialsAerospace & Defense-0.34
ARAIArrive AI Inc$26MTechnologyScientific & Technical Instruments-0.34

ETFs that lowly correlated with NGL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.55
XXVSIMPLIFY ANCORATO TARGET 25 DISTRIBUTION ETF $48M0.85%Nov 17, 2025-0.50
IMSTBITWISE MSTR OPTION INCOME STRATEGY ETF $18M0.96%Apr 1, 2025-0.49
METWROUNDHILL META WEEKLYPAY ETF $27MN/AJun 17, 2025-0.49
BOEGLEVERAGE SHARES 2X LONG BA DAILY ETF $4.60MN/AJun 12, 2025-0.48
HBTCFortuna Hedged Bitcoin ETF$815K1.97%Mar 18, 2025-0.48
GGLSDIREXION DAILY GOOGL BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.46
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.45
FGSIFT Vest Growth Strength & Target Income ETF$3M0.85%Jun 25, 2025-0.45
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.45
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.43
MSIIREX MSTR GROWTH & INCOME ETF $4.40MN/AJun 3, 2025-0.42
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.42
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.41
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.41
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.41
IDEFiShares Defense Industrials Active ETF$3.50B0.55%May 19, 2025-0.40
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.40
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.40
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.40
BTGDSTKD 100% BITCOIN & 100% GOLD ETF $58M1.05%Oct 15, 2024-0.40
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.40
CBOJCalamos Bitcoin Structured Alt Protection ETF January$21M0.69%Jan 22, 2025-0.39
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.39
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.39
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.39
BLOXNICHOLAS CRYPTO INCOME ETF $268M0.99%Jun 16, 2025-0.39
XBTYGRANITESHARES YIELDBOOST BITCOIN ETF $18M1.15%May 12, 2025-0.39
CLIPGLOBAL X 1-3 MONTH T-BILL ETF $2.50B0.07%Jun 20, 2023-0.38
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.38
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.38
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.38
CCORCORE ALTERNATIVE ETF $28M1.29%May 23, 2017-0.38
SHLDGLOBAL X DEFENSE TECH ETF $8.10B0.50%Sep 11, 2023-0.38
OILDBank of Montreal$19MN/ANov 8, 2021-0.37
XRPTVolatility Shares Trust XRP 2X ETF$71MN/AMay 22, 2025-0.37
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.37
XRPIVolatility Shares Trust XRP ETF$110M0.94%May 22, 2025-0.37
XBILF/M US TREASURY 6 MONTH BILL ETF $749M0.15%Mar 6, 2023-0.37
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.37
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.36
SOLZSolana ETF$103M0.95%Mar 19, 2025-0.36
YGLDSimplify Gold Strategy PLUS Income ETF$49M0.53%Dec 2, 2024-0.36
BOEUDirexion Daily BA Bull 2X Shares$19MN/AApr 22, 2025-0.35
BILZPIMCO ULTRA SHORT GOVERNMENT ACTIVE EXCHANGE-TRADED FUND $874M0.14%Jun 21, 2023-0.35
COIIREX COIN GROWTH & INCOME ETF $2.80MN/AJun 3, 2025-0.35
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.35
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.35
PYPGLEVERAGE SHARES 2X LONG PYPL DAILY ETF $27MN/AApr 3, 2025-0.35
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.35
PTIRGRANITESHARES 2X LONG PLTR DAILY ETF $408MN/ASep 4, 2024-0.35
ICOIBITWISE COIN OPTION INCOME STRATEGY ETF $24M0.96%Apr 1, 2025-0.34
QQLVInvesco QQQ Low Volatility ETF$2.20M0.25%Dec 4, 2024-0.34