Looking to balance out your exposure to OXY? The ETFs below have the lowest correlation with OXY — they tend to move on their own, which can help reduce risk when OXY drops. The stock ideas table highlights individual companies that behave independently from OXY.
Best Diversifiers for OXY
265 ETFs have low correlation with OXY (below 0.3), 217 of which are negatively correlated. The least correlated is iShares S&P 500 Growth ETF (IVW) (Large Cap Growth Equities) with a 1Y correlation of -0.26, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Growth ETF | -0.26 | 0.02 | 0.16 | 57 | Large Cap Growth Equities, S&P 500 | OXY vs IVW | |
| iShares Top 20 U.S. Stocks ETF | -0.25 | -0.08 | -0.08 | 58 | Large Cap Growth Equities | OXY vs TOPT | |
| Vanguard S&P 500 Growth ETF | -0.24 | 0.01 | 0.14 | 58 | S&P 500, Large Cap Growth Equities | OXY vs VOOG | |
| Unusual Whales Subversive Democratic Trading ETF | -0.24 | 0.03 | 0.05 | 51 | Large Cap Blend Equities | OXY vs NANC | |
| Invesco QQQ ETF | -0.24 | 0.02 | 0.15 | 73 | Nasdaq-100 | OXY vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OXY and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.25, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.25 | -0.01 | 0.11 | 94 | Technology | |
| Southwest Airlines Co. | -0.22 | -0.02 | 0.14 | 58 | Industrials | |
| Lam Research Corporation | -0.22 | 0.01 | 0.13 | 98 | Technology | |
| Delta Air Lines, Inc. | -0.21 | -0.01 | 0.15 | 80 | Industrials | |
| General Electric Company | -0.19 | 0.04 | 0.20 | 65 | Industrials |
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