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
26 ETFs have low correlation with VLO (below 0.3), 18 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 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | -0.17 | 0.03 | 0.17 | 71 | Europe Equities | VLO vs EWP | |
| ProShares Ultra S&P500 | -0.07 | 0.15 | 0.23 | 50 | Leveraged Equities, S&P 500 | VLO vs SSO | |
| NEOS S&P 500 High Income ETF | -0.06 | 0.15 | — | 58 | Derivative Income, S&P 500 | VLO vs SPYI | |
| Vanguard S&P 500 ETF | -0.06 | 0.15 | 0.23 | 59 | S&P 500 | VLO vs VOO | |
| State Street SPDR S&P 500 ETF | -0.06 | 0.15 | 0.23 | 59 | S&P 500 | VLO vs SPY |
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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 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.18 | 0.05 | 0.21 | 85 | Industrials | |
| Banco Santander, S.A. | -0.16 | 0.04 | 0.18 | 88 | Financial Services | |
| Eli Lilly and Company | -0.16 | -0.02 | 0.01 | 74 | Healthcare | |
| Cardinal Health, Inc. | -0.15 | 0.03 | 0.13 | 79 | Healthcare | |
| Intesa Sanpaolo SpA PK | -0.14 | 0.07 | 0.17 | 74 | Financial Services |
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Build a portfolio that complements VLO
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