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
1484 ETFs have low correlation with XOP (below 0.3), 1128 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.36 | — | — | 54 | Global Bonds | XOP vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.33 | -0.11 | — | 71 | Municipal Bonds | XOP vs BSMW | |
| Avantis Short-Term Fixed Income ETF | -0.31 | -0.10 | -0.06 | 67 | Short-Term Bond | XOP vs AVSF | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.30 | -0.10 | -0.00 | 54 | Nontraditional Bonds | XOP vs UCON | |
| Fidelity Municipal Bond Opportunities ETF | -0.30 | — | — | 85 | 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 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.20 | 0.05 | 0.26 | 78 | Industrials | |
| ASML Holding N.V. | -0.18 | 0.05 | 0.19 | 94 | Technology | |
| The Bank of Nova Scotia | -0.18 | 0.11 | 0.32 | 97 | Financial Services | |
| Howmet Aerospace Inc. | -0.18 | 0.10 | 0.31 | 87 | Industrials | |
| Monster Beverage Corporation | -0.17 | -0.01 | 0.06 | 93 | Consumer Defensive |
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