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
257 ETFs have low correlation with OXY (below 0.3), 206 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.30, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.30 | -0.10 | -0.07 | 80 | Municipal Bonds | OXY vs VTEB | |
| Vanguard Emerging Markets Government Bond ETF | -0.27 | -0.01 | 0.06 | 60 | Emerging Markets Bonds | OXY vs VWOB | |
| Invesco Emerging Markets Sovereign Debt ETF | -0.26 | 0.00 | 0.07 | 58 | Emerging Markets Bonds | OXY vs PCY | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.25 | -0.11 | -0.09 | 64 | Short-Term Bond | OXY vs BSV | |
| YieldMax GOOGL Option Income Strategy ETF | -0.24 | — | — | 93 | Derivative Income | OXY vs GOOY |
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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 Southwest Airlines Co. (LUV) (Industrials) with a 1Y correlation of -0.28, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Southwest Airlines Co. | -0.28 | -0.06 | 0.12 | 66 | Industrials | |
| ASML Holding N.V. | -0.25 | -0.02 | 0.11 | 94 | Technology | |
| Delta Air Lines, Inc. | -0.25 | -0.04 | 0.13 | 82 | Industrials | |
| Lam Research Corporation | -0.22 | 0.01 | 0.13 | 97 | Technology | |
| Alphabet Inc. Class A | -0.22 | -0.01 | 0.11 | 96 | Communication Services |
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