Looking to balance out your exposure to VLO? The ETFs below have historically moved differently from VLO, 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 VLO
47 ETFs have low correlation with VLO (below 0.3), 27 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | -0.17 | 0.01 | 0.15 | 88 | Europe Equities | VLO vs EWP | |
| Invesco S&P International Developed Momentum ETF | -0.14 | 0.07 | 0.22 | 58 | Momentum, Foreign Large Cap Equities | VLO vs IDMO | |
| SPDR S&P Biotech ETF | -0.13 | 0.04 | 0.09 | 93 | Health & Biotech Equities | VLO vs XBI | |
| iShares Currency Hedged MSCI ACWI ex U.S. ETF | -0.09 | 0.14 | 0.24 | 87 | Foreign Large Cap Equities | VLO vs HAWX | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | -0.09 | 0.09 | 0.15 | 70 | High Yield Bonds | VLO vs BBHY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VLO, 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 Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.18, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.18 | 0.03 | 0.19 | 89 | Industrials | |
| Banco Santander, S.A. | -0.18 | 0.02 | 0.16 | 92 | Financial Services | |
| Eli Lilly and Company | -0.18 | -0.02 | -0.00 | 79 | Healthcare | |
| Crocs, Inc. | -0.18 | 0.05 | 0.12 | 68 | Consumer Cyclical | |
| Roche Holding AG ADR | -0.17 | -0.03 | 0.00 | 84 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VLO
Add VLO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VLO