Looking to balance out your exposure to XOM? The ETFs below have historically moved differently from XOM, 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 XOM
309 ETFs have low correlation with XOM (below 0.3), 254 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of -0.32, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | -0.32 | -0.09 | -0.09 | 66 | Municipal Bonds | XOM vs VTEB | |
| iShares National AMT-Free Muni Bond ETF | -0.31 | -0.08 | -0.09 | 57 | Municipal Bonds | XOM vs MUB | |
| JPMorgan Income ETF | -0.29 | -0.02 | — | 94 | Multisector Bonds | XOM vs JPIE | |
| iShares Flexible Income Active ETF | -0.28 | -0.03 | — | 63 | Multisector Bonds | XOM vs BINC | |
| Vanguard Short-Term Corporate Bond ETF | -0.28 | -0.10 | -0.05 | 68 | Corporate Bonds | XOM vs VCSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XOM, 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 American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.35, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.35 | -0.10 | 0.05 | 70 | Industrials | |
| Safran SA | -0.34 | -0.14 | 0.04 | 66 | Industrials | |
| Delta Air Lines, Inc. | -0.29 | -0.07 | 0.09 | 89 | Industrials | |
| GRAIL, Inc | -0.28 | -0.08 | -0.08 | 77 | Healthcare | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | -0.26 | -0.02 | 0.14 | 88 |
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