Looking to balance out your exposure to OXY? The ETFs below have historically moved differently from OXY, 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 OXY
261 ETFs have low correlation with OXY (below 0.3), 227 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.34, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.34 | -0.12 | -0.08 | 74 | Municipal Bonds | OXY vs VTEB | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.33 | -0.07 | — | 67 | Multisector Bonds | OXY vs PYLD | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.30 | -0.13 | -0.09 | 71 | Short-Term Bond | OXY vs BSV | |
| Vanguard Short-Term Corporate Bond ETF | -0.27 | -0.09 | -0.04 | 81 | Corporate Bonds | OXY vs VCSH | |
| JPMorgan Income ETF | -0.26 | -0.03 | 0.04 | 95 | Multisector Bonds | OXY vs JPIE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OXY, 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 -0.31, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | -0.31 | -0.06 | 0.10 | 86 | Industrials | |
| Southwest Airlines Co. | -0.30 | -0.06 | 0.10 | 75 | Industrials | |
| ASML Holding N.V. | -0.26 | -0.02 | 0.10 | 96 | Technology | |
| Alphabet Inc. Class A | -0.24 | -0.02 | 0.09 | 95 | Communication Services | |
| HEICO Corporation | -0.24 | -0.02 | 0.16 | 53 | Industrials |
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