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
266 ETFs have low correlation with XOM (below 0.3), 208 of which are negatively correlated. The least correlated is Vanguard Emerging Markets Government Bond ETF (VWOB) (Emerging Markets Bonds) with a 1Y correlation of -0.28, 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 | -0.28 | 0.01 | 0.06 | 58 | Emerging Markets Bonds | XOM vs VWOB | |
| Vanguard Short-Term Corporate Bond ETF | -0.24 | -0.07 | -0.05 | 70 | Corporate Bonds | XOM vs VCSH | |
| SPDR Portfolio Short Term Corporate Bond ETF | -0.24 | -0.05 | -0.04 | 92 | Corporate Bonds | XOM vs SPSB | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | -0.24 | -0.05 | -0.05 | 57 | Nasdaq-100, Options Trading, Dividend | XOM vs QQQY | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.23 | -0.10 | -0.10 | 54 | Short-Term Bond | XOM vs BSV |
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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 Safran SA (SAFRY) (Industrials) with a 1Y correlation of -0.30, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Safran SA | -0.30 | -0.12 | 0.07 | 66 | Industrials | |
| American Airlines Group Inc. | -0.28 | -0.07 | 0.08 | 68 | Industrials | |
| GRAIL, Inc | -0.25 | -0.08 | -0.08 | 60 | Healthcare | |
| Delta Air Lines, Inc. | -0.23 | -0.04 | 0.12 | 87 | Industrials | |
| General Electric Company | -0.21 | 0.01 | 0.20 | 78 | Industrials |
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