Looking to balance out your exposure to EOG? The ETFs below have the lowest correlation with EOG — they tend to move on their own, which can help reduce risk when EOG drops. The stock ideas table highlights individual companies that behave independently from EOG.
Best Diversifiers for EOG
11 ETFs have low correlation with EOG (below 0.3), 8 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.18 | -0.01 | 0.11 | 73 | Nasdaq-100 | EOG vs QQQ | |
| iShares S&P 100 ETF | -0.17 | 0.04 | 0.18 | 64 | Large Cap Blend Equities | EOG vs OEF | |
| Vanguard S&P 500 ETF | -0.15 | 0.09 | 0.23 | 70 | S&P 500 | EOG vs VOO | |
| State Street SPDR S&P 500 ETF | -0.14 | 0.08 | 0.23 | 70 | S&P 500 | EOG vs SPY | |
| ProShares Ultra Semiconductors | -0.13 | -0.02 | 0.11 | 90 | Leveraged Equities, Semiconductors | EOG vs USD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EOG and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.22, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.22 | -0.03 | 0.09 | 94 | Technology | |
| ING Groep N.V. | -0.19 | 0.08 | 0.24 | 84 | Financial Services | |
| Delta Air Lines, Inc. | -0.19 | -0.00 | 0.13 | 80 | Industrials | |
| Tapestry, Inc. | -0.18 | 0.06 | 0.17 | 85 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.18 | -0.01 | 0.09 | 96 | Communication Services |
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Build a portfolio that complements EOG
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