FANG correlations (Diamondback Energy)
Every correlation that matters for FANG: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Energy · Oil & Gas Exploration & Production
Volatility (ann.)
34.1%
3y weekly
Beta vs S&P 500
0.32
3y weekly
1-year return
+39.6%
price, adjusted
5-year return
+224.9%
price, adjusted
Market cap
$56.1B
latest
P/E ratio
38.0
trailing
Dividend yield
2.13%
trailing
Max drawdown
-42.1%
3y, daily closes
FANG over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with FANG
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| PR | Permian Resources Corporation | 0.87 | |
| OVV | Ovintiv Inc. (DE) | 0.85 | |
| CHRD | Chord Energy Corporation | 0.84 | |
| XLE | Energy Select Sector SPDR Fund | 0.83 | |
| MTDR | Matador Resources Company | 0.83 | |
| DVN | Devon Energy | 0.82 | |
| COP | ConocoPhillips | 0.82 | |
| CVE | Cenovus Energy Inc | 0.81 | |
| SM | SM Energy Company | 0.81 | |
| MGY | Magnolia Oil & Gas Corporation | 0.80 | |
| OXY | Occidental Petroleum | 0.79 | |
| PEO | Adams Natural Resources Fund, Inc. | 0.79 | |
| VET | Vermilion Energy Inc. Common (Canada) | 0.79 | |
| EOG | EOG Resources | 0.78 | |
| NOG | Northern Oil and Gas, Inc. | 0.78 |
Best diversifiers for FANG
These are the assets whose returns had the least to do with FANG's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| SHY | iShares 1-3 Year Treasury Bond ETF | -0.28 | |
| IEF | iShares 7-10 Year Treasury Bond ETF | -0.28 | |
| TLT | iShares 20+ Year Treasury Bond ETF | -0.27 | |
| MKZR | MacKenzie Realty Capital, Inc. | -0.27 | |
| AGG | iShares Core US Aggregate Bond ETF | -0.26 | |
| BND | Vanguard Total Bond Market ETF | -0.25 | |
| ALMS | Alumis Inc. | -0.25 | |
| RKT | Rocket Companies, Inc. | -0.25 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.22 | |
| TCRT | Alaunos Therapeutics, Inc. | -0.21 |
FANG vs benchmarks
FANG vs its peers
Get FANG data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/fang.jsonCorrelations, diversifiers, beta and volatility for FANG, plus one endpoint per pair. API documentation.
FANG inside major ETFs
| ETF | FANG weight | |
|---|---|---|
| XLE | Energy Select Sector SPDR Fund | 2.3% |
| QQQ | Invesco QQQ Trust | 0.25% |
| QQQM | Invesco Nasdaq 100 ETF | 0.25% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.19% |
| DGRO | iShares Core Dividend Growth ETF | 0.17% |
| VYM | Vanguard High Dividend Yield ETF | 0.16% |
| VTV | Vanguard Value ETF | 0.15% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.13% |
| IVV | iShares Core S&P 500 ETF | 0.06% |
