REYN vs WTI: Correlation
How closely do Reynolds Consumer Products Inc. (REYN) and W&T Offshore, Inc. (WTI) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REYN and WTI?
Across a 3-year window, the weekly returns of REYN and WTI correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.25 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -345.2 %².
Among the 16 assets we track against REYN, WTI sits near the bottom by co-movement, at rank #12. The last year tells two different stories: WTI led by 95.2 percentage points, +9.7% for REYN against +104.9% for WTI. One caveat on sizing: WTI is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WTI: side by side
| REYN (Reynolds Consumer Products Inc.) | WTI (W&T Offshore, Inc.) | |
|---|---|---|
| 1-year return | +9.7% | +104.9% |
| 5-year return | +1.4% | +18.8% |
| Volatility (ann.) | 21.1% | 64.6% |
| Beta vs S&P 500 | 0.24 | 0.24 |
| Max drawdown (3Y) | -33.4% | -74.3% |
| Market cap | $5.1B | $0.6B |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 3.74% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REYN | WTI |
|---|---|---|
| 2022 | -1.5% | +72.8% |
| 2023 | -7.5% | -41.4% |
| 2024 | +3.8% | -48.2% |
| 2025 | -11.7% | +0.6% |
| 2026 | +8.7% | +126.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REYN and WTI good diversifiers for each other?
Yes. With a correlation of -0.25, REYN and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between REYN and WTI?
The REYN/WTI correlation stands at -0.25 on a 3-year window (1 year: -0.38, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is WTI a good diversifier for REYN?
Yes. With a correlation of -0.25, REYN and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: REYN correlations · WTI correlations
