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), 21 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 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | -0.16 | 0.04 | 0.18 | 55 | Europe Equities | VLO vs EWP | |
| Vanguard Total International Stock ETF | -0.07 | 0.14 | 0.25 | 60 | Global Equities | VLO vs VXUS | |
| Vanguard FTSE All-World ex-US ETF | -0.06 | 0.14 | 0.25 | 60 | Foreign Large Cap Equities | VLO vs VEU | |
| ProShares Ultra Semiconductors | -0.06 | 0.05 | 0.14 | 90 | Leveraged Equities, Semiconductors | VLO vs USD | |
| Vanguard S&P 500 ETF | -0.05 | 0.15 | 0.24 | 70 | 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.16 | 0.05 | 0.04 | 92 | Healthcare | |
| Eli Lilly and Company | -0.14 | -0.02 | 0.01 | 72 | Healthcare | |
| Howmet Aerospace Inc. | -0.14 | 0.07 | 0.23 | 79 | Industrials | |
| Intesa Sanpaolo SpA PK | -0.13 | 0.08 | 0.18 | 66 | Financial Services | |
| BCE Inc. | -0.13 | 0.02 | 0.13 | 66 | Communication Services |
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Build a portfolio that complements VLO
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