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MGY correlations (Magnolia Oil & Gas Corporation)

Which assets move with MGY and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

32.0%

3y weekly

Beta vs S&P 500

0.40

3y weekly

1-year return

+10.6%

price, adjusted

5-year return

+92.1%

price, adjusted

Market cap

$6.5B

latest

P/E ratio

11.5

trailing

Dividend yield

2.50%

trailing

Max drawdown

-31.5%

3y, daily closes

MGY over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with MGY

Asset		Correlation (3Y)
XLE	Energy Select Sector SPDR Fund	0.86
DVN	Devon Energy	0.85
EOG	EOG Resources	0.85
MTDR	Matador Resources Company	0.83
PR	Permian Resources Corporation	0.82

These are the assets whose returns had the least to do with MGY's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.28
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.28
SYPR	Sypris Solutions, Inc.	-0.22

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/mgy.json

Correlations, diversifiers, beta and volatility for MGY, plus one endpoint per pair. API documentation.

ETF		MGY weight
IWM	iShares Russell 2000 ETF	0.19%