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50 Stocks and 50 ETFs for diversifying Ring Energy (REI)

The least correlated asset to Ring Energy (REI) is company TWFG (TWFG). The correlation is -0.7106.

Stocks that lowly correlated with REI

SymbolName
Market cap
SectorIndustry
Correlation
TWFGTWFG Inc - Class A$275MFinancial ServicesInsurance Brokers-0.71
ARAIArrive AI Inc$26MTechnologyScientific & Technical Instruments-0.69
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.62
OTFBlue Owl Technology Finance Corp$4.94BFinancial ServicesAsset Management-0.61
RALRalliant Corporation$6.99BN/AN/A-0.60
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.58
CHYMChime Financial Inc - Class A$6.59BTechnologySoftware - Application-0.56
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.54
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.53
ATHRAether Holdings Inc$43MTechnologySoftware - Application-0.51
GRAFGraf Global Corp - Class A$311MFinancial ServicesShell Companies-0.51
IQSTiQSTEL Inc$6.04MCommunication ServicesTelecom Services-0.50
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.50
AACTAres Acquisition Corporation II - Class A$588MFinancial ServicesShell Companies-0.50
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.49
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.49
BEAGBold Eagle Acquisition Corp$273MFinancial ServicesShell Companies-0.48
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.48
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.48
ASPCAlpha Capital Acquisition Co - Class A$17MFinancial ServicesShell Companies-0.48
CHPGRChampionsGate Acquisition Corp$257KN/AN/A-0.48
IBGInnovation Beverage Group Ltd$1.22MConsumer DefensiveBeverages - Wineries & Distilleries-0.47
DRDBURoman DBDR Acquisition Corp II - Units (1 Ord Cls A & 1/2 War)$243MFinancial ServicesShell Companies-0.46
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.45
CEPOCantor Equity Partners I Inc - Class A$270MFinancial ServicesShell Companies-0.45
CCIXWChurchill Capital Corp IX - Warrants (04/12/2029)$17MN/AN/A-0.44
CLBRColombier Acquisition Corp II - Class A$366MFinancialsInvestment Holding Companies-0.43
NUVLNuvalent Inc - Class A$8.45BHealthcareBiotechnology-0.43
ASPCUA SPAC III Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$19MFinancial ServicesShell Companies-0.43
RAYAErayak Power Solution Group Inc - Class A$3.50MIndustrialsElectrical Equipment & Parts-0.42
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.42
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.42
ALCYAlchemy Investments Acquisition Corp 1 Class A Ordinary Shares$49MFinancial ServicesShell Companies-0.42
BOWBowhead Specialty Holdings Inc$886MFinancial ServicesInsurance - Property & Casualty-0.41
DRDBRoman DBDR Acquisition Corp II$242MFinancial ServicesShell Companies-0.41
RTACURenatus Tactical Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$75MFinancial ServicesShell Companies-0.41
BEAGRBold Eagle Acquisition Corp Right$1.23MN/AN/A-0.41
OACCUOaktree Acquisition Corp III Life Sciences - Units (1 Ordinary Cls A & 1/5 Warr)$186MFinancial ServicesShell Companies-0.40
TRAKDealerTrack Technologies Inc$188MTechnologySoftware - Application-0.40
ODDODDITY Tech Ltd - Class A$751MConsumer DefensiveHousehold & Personal Products-0.39
AAPGAscentage Pharma Group International$1.93BHealthcareBiotechnology-0.39
RDACRising Dragon Acquisition Corp$39MFinancial ServicesShell Companies-0.39
TDACTranslational Development Acquisition Corp. Ordinary Shares$185MFinancial ServicesShell Companies-0.39
FACTFACT II Acquisition Corp - Class A$197MFinancialsInvestment Holding Companies-0.38
FERAFifth Era Acquisition Corp I - Class A$245MFinancial ServicesShell Companies-0.38
AAMAA Mission Acquisition Corp.$368MFinancial ServicesShell Companies-0.38
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.38
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.38
BACQBleichroeder Acquisition Corp I - Class A$545MFinancial ServicesShell Companies-0.38
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.37

ETFs that lowly correlated with REI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
OILDBank of Montreal$19MN/ANov 8, 2021-0.64
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.62
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.61
CRMGLEVERAGE SHARES 2X LONG CRM DAILY ETF $31MN/AFeb 9, 2026-0.61
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.60
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.58
PYPGLEVERAGE SHARES 2X LONG PYPL DAILY ETF $27MN/AApr 3, 2025-0.55
AMZWROUNDHILL AMZN WEEKLYPAY ETF $41MN/AJun 17, 2025-0.52
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.49
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.49
CBXACalamos Bitcoin 90 Series Structured Alt Protection ETF April$4.50M0.69%Apr 7, 2025-0.48
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.47
RBProShares Russell 2000 Dynamic Buffer ETF$1.10M0.58%Jun 24, 2025-0.47
HOOWROUNDHILL HOOD WEEKLYPAY ETF $113MN/AJun 17, 2025-0.47
HOOYYIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF $102M0.99%May 7, 2025-0.47
GINDGoldman Sachs India Equity ETF$157M0.75%Apr 1, 2025-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.46
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.45
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.44
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.44
MTRAINVESCO INTERNATIONAL GROWTH FOCUS ETF $142M0.54%Jun 11, 2025-0.43
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.42
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.42
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.42
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.42
VGLTVANGUARD LONG-TERM TREASURY INDEX FUND ETF SHARES$14B0.03%Nov 19, 2009-0.42
SPTLSPDR(R) PORTFOLIO LONG TERM TREASURY ETF $11B0.03%May 23, 2007-0.42
GOVIINVESCO EQUAL WEIGHT 0-30 YEAR TREASURY ETF $1.20B0.15%Oct 11, 2007-0.42
HBTCFortuna Hedged Bitcoin ETF$815K1.97%Mar 18, 2025-0.41
GOVTISHARES U.S. TREASURY BOND ETF $41B0.05%Feb 14, 2012-0.41
SPYATwin Oak Endure ETF$127M0.49%Jun 2, 2025-0.41
TLTISHARES 20+ YEAR TREASURY BOND ETF $43B0.15%Jul 22, 2002-0.41
SCHQSCHWAB LONG-TERM U.S. TREASURY ETF $897M0.03%Oct 9, 2019-0.41
TLHISHARES 10-20 YEAR TREASURY BOND ETF $12B0.15%Jan 5, 2007-0.41
UBTPROSHARES ULTRA 20+ YEAR TREASURY $66MN/AJan 19, 2010-0.40
TMFDIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES $2.70BN/AApr 16, 2009-0.40
CSHPEnhanced Short-Term Bond ETF$190M0.20%Jul 17, 2024-0.40
EDVVANGUARD EXTENDED DURATION TREASURY INDEX FUND ETF SHARES$4.40B0.05%Dec 6, 2007-0.39
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.39
ZROZPIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND $1.40B0.15%Oct 30, 2009-0.39
MAGYROUNDHILL MAGNIFICENT SEVEN COVERED CALL ETF $155M0.99%Apr 22, 2025-0.39
IBTHISHARES IBONDS DEC 2027 TERM TREASURY ETF $2.10B0.07%Feb 25, 2020-0.39
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.39
CVNYYIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF $22M1.09%Jan 29, 2025-0.39
IEFISHARES 7-10 YEAR TREASURY BOND ETF $49B0.15%Jul 22, 2002-0.38
TYDDIREXION DAILY 7-10 YEAR TREASURY BULL 3X SHARES $36MN/AApr 16, 2009-0.38
USTPROSHARES ULTRA 7-10 YEAR TREASURY $19MN/AJan 19, 2010-0.38
ADBGLEVERAGE SHARES 2X LONG ADBE DAILY ETF $39MN/AMar 20, 2025-0.38
SPTISPDR(R) PORTFOLIO INTERMEDIATE TERM TREASURY ETF $10B0.03%May 23, 2007-0.38
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.37