Looking to balance out your exposure to EOG? The ETFs below have historically moved differently from EOG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EOG
13 ETFs have low correlation with EOG (below 0.3), 11 of which are negatively correlated. The least correlated is SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) (High Yield Bonds) with a 1Y correlation of -0.26, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg Short Term High Yield Bond ETF | -0.26 | 0.03 | 0.16 | 74 | High Yield Bonds | EOG vs SJNK | |
| iShares S&P 100 ETF | -0.24 | -0.00 | 0.15 | 68 | Large Cap Blend Equities | EOG vs OEF | |
| Invesco QQQ ETF | -0.24 | -0.03 | 0.09 | 58 | Nasdaq-100 | EOG vs QQQ | |
| Vanguard Total Stock Market ETF | -0.23 | 0.05 | 0.20 | 78 | Large Cap Blend Equities | EOG vs VTI | |
| State Street SPDR S&P 500 ETF | -0.22 | 0.04 | 0.20 | 78 | S&P 500 | EOG vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EOG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Delta Air Lines, Inc. (DAL) (Industrials) with a 1Y correlation of -0.30, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | -0.30 | -0.05 | 0.08 | 90 | Industrials | |
| ASML Holding N.V. | -0.26 | -0.04 | 0.07 | 96 | Technology | |
| Alphabet Inc. Class A | -0.26 | -0.05 | 0.06 | 96 | Communication Services | |
| ING Groep N.V. | -0.23 | 0.01 | 0.19 | 92 | Financial Services | |
| Banco Santander, S.A. | -0.23 | 0.00 | 0.17 | 92 | Financial Services |
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