REYN vs USO: Correlation
Measured on weekly returns over the past three years, Reynolds Consumer Products Inc. (REYN) and United States Oil Fund (USO) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REYN and USO?
On 3 years of weekly data the REYN/USO correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.56) than the 3-year average (-0.35). The 5-year figure is -0.25, and annualized covariance runs at -287.7 %².
Out of 16 assets tracked against REYN, USO lands near the bottom at #16. The last year tells two different stories: USO led by 64.4 percentage points, +9.7% for REYN against +74.1% for USO. Note the risk asymmetry: USO runs 1.9 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.
REYN vs USO: side by side
| REYN (Reynolds Consumer Products Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +9.7% | +74.1% |
| 5-year return | +1.4% | +168.6% |
| Volatility (ann.) | 21.1% | 39.4% |
| Beta vs S&P 500 | 0.24 | -0.20 |
| Max drawdown (3Y) | -33.4% | -32.5% |
| Market cap | $5.1B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 3.74% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | REYN | USO |
|---|---|---|
| 2022 | -1.5% | +29.0% |
| 2023 | -7.5% | -4.9% |
| 2024 | +3.8% | +13.4% |
| 2025 | -11.7% | -8.5% |
| 2026 | +8.7% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REYN and USO good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REYN and USO?
As of 2026-08-27, the correlation of weekly returns between REYN and USO is -0.35 over 3 years, -0.56 over 1 year and -0.25 over 5 years.
Is USO a good diversifier for REYN?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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/reyn-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reyn-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REYN correlations · USO correlations
