Looking to balance out your exposure to XOM? The ETFs below have the lowest correlation with XOM — they tend to move on their own, which can help reduce risk when XOM drops. The stock ideas table highlights individual companies that behave independently from XOM.
Best Diversifiers for XOM
298 ETFs have low correlation with XOM (below 0.3), 240 of which are negatively correlated. The least correlated is Vanguard Emerging Markets Government Bond ETF (VWOB) (Emerging Markets Bonds) with a 1Y correlation of -0.30, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Emerging Markets Government Bond ETF | -0.30 | -0.02 | 0.06 | 61 | Emerging Markets Bonds | XOM vs VWOB | |
| SPDR Portfolio Short Term Corporate Bond ETF | -0.26 | -0.07 | -0.04 | 94 | Corporate Bonds | XOM vs SPSB | |
| Vanguard Short-Term Corporate Bond ETF | -0.26 | -0.10 | -0.05 | 79 | Corporate Bonds | XOM vs VCSH | |
| ARK Genomic Revolution Multi-Sector ETF | -0.26 | -0.00 | 0.07 | 51 | Health & Biotech Equities, Actively Managed | XOM vs ARKG | |
| Vanguard Tax-Exempt Bond ETF | -0.26 | -0.08 | -0.08 | 80 | Municipal Bonds | XOM vs VTEB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XOM and solid risk/return profiles. The least correlated is American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.32, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.32 | -0.09 | 0.07 | 62 | Industrials | |
| Safran SA | -0.30 | -0.13 | 0.06 | 59 | Industrials | |
| GRAIL, Inc | -0.27 | -0.09 | -0.09 | 73 | Healthcare | |
| Delta Air Lines, Inc. | -0.27 | -0.05 | 0.11 | 80 | Industrials | |
| Robinhood Markets, Inc. | -0.22 | -0.04 | 0.05 | 52 | Financial Services |
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