Looking to balance out your exposure to VLO? The ETFs below have the lowest correlation with VLO — they tend to move on their own, which can help reduce risk when VLO drops. The stock ideas table highlights individual companies that behave independently from VLO.
Best Diversifiers for VLO
43 ETFs have low correlation with VLO (below 0.3), 30 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | -0.16 | 0.02 | 0.16 | 78 | Europe Equities | VLO vs EWP | |
| SPDR S&P Biotech ETF | -0.14 | 0.04 | 0.10 | 94 | Health & Biotech Equities | VLO vs XBI | |
| iShares Currency Hedged MSCI ACWI ex U.S. ETF | -0.08 | 0.15 | 0.25 | 85 | Foreign Large Cap Equities | VLO vs HAWX | |
| iShares Broad USD High Yield Corporate Bond ETF | -0.08 | 0.10 | 0.15 | 67 | High Yield Bonds | VLO vs USHY | |
| Vanguard S&P 500 ETF | -0.08 | 0.14 | 0.22 | 67 | S&P 500 | VLO vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VLO and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.18, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.18 | 0.03 | 0.20 | 86 | Industrials | |
| Banco Santander, S.A. | -0.17 | 0.03 | 0.17 | 89 | Financial Services | |
| Eli Lilly and Company | -0.15 | -0.02 | 0.00 | 78 | Healthcare | |
| Intesa Sanpaolo SpA PK | -0.15 | 0.05 | 0.16 | 78 | Financial Services | |
| The TJX Companies, Inc. | -0.14 | 0.02 | 0.12 | 79 | Consumer Cyclical |
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