It's no secret that the energy sector has gotten crushed during the past year, as oil prices have collapsed. But a small set of stocks is on the other side of that trade.
Eight stocks in the S&P 500 enjoy noticeable negative correlations with crude. These names, which might be termed anti-oil stocks, are at least somewhat inclined to rise when oil falls, and fall when it rises.
Unsurprisingly, the biggest of the anti-oil names are the airlines, for whom crude oil products are a serious input. At the top of the anti-oil list is United Continental, which has enjoyed a -0.27 daily correlation with oil over the past year. Despite this, the airline stock still managed to lose more than 10 percent in 2015.