REI vs REYN: Correlation
Measured on weekly returns over the past three years, Ring Energy, Inc. (REI) and Reynolds Consumer Products Inc. (REYN) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REI and REYN?
On 3 years of weekly data the REI/REYN correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -261.4 %².
REYN is close to the least connected end of REI's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with REI ahead by 23.9 points (+33.6% versus +9.7%). Note the risk asymmetry: REI runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
REI vs REYN: side by side
| REI (Ring Energy, Inc.) | REYN (Reynolds Consumer Products Inc.) | |
|---|---|---|
| 1-year return | +33.6% | +9.7% |
| 5-year return | -36.4% | +1.4% |
| Volatility (ann.) | 54.5% | 21.1% |
| Beta vs S&P 500 | 0.37 | 0.24 |
| Max drawdown (3Y) | -65.6% | -33.4% |
| Market cap | $0.4B | $5.1B |
| P/E (trailing) | – | 14.8 |
| Dividend yield | 0.00% | 3.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REI | REYN |
|---|---|---|
| 2022 | +7.9% | -1.5% |
| 2023 | -40.7% | -7.5% |
| 2024 | -6.8% | +3.8% |
| 2025 | -36.0% | -11.7% |
| 2026 | +69.0% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REI and REYN good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REI and REYN?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.31 over the last year and -0.15 over 5 years.
Is REYN a good diversifier for REI?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rei-vs-reyn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rei-vs-reyn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REI correlations · REYN correlations
