ExxonMobil Holdings Corporation (XOM) — Stock Correlations & Overview
Over the past year, XOM has moved most closely with XOMX, XOMO, GXPE. Explore the stocks most correlated and inversely correlated with XOM below, along with its price, financials, and company profile.
Stocks correlated with XOM
Correlation of daily returns. Higher positive values move with XOM; negative values move opposite it. Informational only, not investment advice.
Most correlated with XOM
| Symbol | Company | Correlation |
|---|---|---|
| XOMX | Direxion Shares ETF Trust Direxion Daily XOM Bull 2X ETF | 0.99 |
| XOMO | YieldMax XOM Option Income Strategy ETF | 0.94 |
| GXPE | Global X PureCap MSCI Energy ETF | 0.92 |
| DIG | ProShares Ultra Energy | 0.90 |
| XLE | State Street Energy Select Sector SPDR ETF | 0.90 |
Most inversely correlated with XOM
| Symbol | Company | Correlation |
|---|---|---|
| DUG | ProShares UltraShort Energy | -0.90 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.90 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.87 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.86 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.84 |
Frequently asked questions about XOM correlations
- Which stocks are most correlated with XOM?
- Based on one year of daily returns, the stocks most correlated with ExxonMobil Holdings Corporation (XOM) are XOMX (0.99), XOMO (0.94) and GXPE (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with XOM?
- Over the past year, the stocks most inversely correlated with ExxonMobil Holdings Corporation (XOM) are DUG (-0.90), ERY (-0.90) and OILD (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these XOM correlations calculated?
- We compute the correlation of daily returns between XOM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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