Looking to diversify beyond XOP? The ETFs below have the lowest correlation with XOP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XOP.
Best Diversifiers for XOP
1533 ETFs have low correlation with XOP (below 0.3), 1161 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.34 | — | — | 50 | Global Bonds | XOP vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.34 | -0.11 | — | 64 | Municipal Bonds | XOP vs BSMW | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.29 | -0.09 | -0.00 | 50 | Nontraditional Bonds | XOP vs UCON | |
| Schwab Short-Term U.S. Treasury ETF | -0.29 | -0.15 | -0.12 | 77 | Government Bonds, Short-Term Bond | XOP vs SCHO | |
| Fidelity Municipal Bond Opportunities ETF | -0.29 | -0.21 | -0.21 | 77 | Municipal Bonds | XOP vs FMUB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XOP and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.20, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.20 | 0.08 | 0.27 | 80 | Industrials | |
| ASML Holding N.V. | -0.19 | 0.06 | 0.19 | 96 | Technology | |
| Monster Beverage Corporation | -0.18 | -0.02 | 0.06 | 85 | Consumer Defensive | |
| Howmet Aerospace Inc. | -0.18 | 0.12 | 0.32 | 87 | Industrials | |
| Lam Research Corporation | -0.17 | 0.07 | 0.21 | 99 | Technology |
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