Looking to balance out your exposure to CVX? The ETFs below have the lowest correlation with CVX — they tend to move on their own, which can help reduce risk when CVX drops. The stock ideas table highlights individual companies that behave independently from CVX.
Best Diversifiers for CVX
295 ETFs have low correlation with CVX (below 0.3), 236 of which are negatively correlated. The least correlated is PIMCO Active Bond ETF (BOND) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.28, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Active Bond ETF | -0.28 | -0.08 | -0.06 | 51 | Intermediate Core-Plus Bond | CVX vs BOND | |
| iShares Top 20 U.S. Stocks ETF | -0.28 | — | — | 51 | Large Cap Growth Equities | CVX vs TOPT | |
| Vanguard Emerging Markets Government Bond ETF | -0.28 | -0.02 | 0.08 | 64 | Emerging Markets Bonds | CVX vs VWOB | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.26 | -0.13 | -0.10 | 74 | Short-Term Bond | CVX vs BSV | |
| iShares Core S&P U.S. Growth ETF | -0.26 | -0.02 | 0.14 | 52 | Large Cap Growth Equities | CVX vs IUSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVX and solid risk/return profiles. The least correlated is Delta Air Lines, Inc. (DAL) (Industrials) with a 1Y correlation of -0.27, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | -0.27 | -0.01 | 0.12 | 83 | Industrials | |
| Allegiant Travel Company | -0.26 | 0.03 | 0.12 | 85 | Industrials | |
| Lam Research Corporation | -0.25 | -0.05 | 0.09 | 97 | Technology | |
| The Bank of Nova Scotia | -0.24 | 0.03 | 0.25 | 98 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.23 | -0.04 | 0.09 | 90 | Technology |
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