Looking to balance out your exposure to FSLY? The ETFs below have historically moved differently from FSLY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSLY
0 ETFs have low correlation with FSLY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.31, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.42 | 0.50 | 78 | S&P 500 | FSLY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSLY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.09 | 0.08 | 0.17 | 61 | Financial Services | |
| Praxis Precision Medicines, Inc. | 0.03 | 0.14 | 0.20 | 98 | Healthcare | |
| The Liberty Braves Group | 0.04 | 0.20 | 0.27 | 65 | Communication Services | |
| SELLAS Life Sciences Group, Inc. | 0.05 | 0.07 | 0.19 | 98 | Healthcare | |
| Thermo Fisher Scientific Inc. | 0.06 | 0.21 | 0.27 | 65 | Healthcare |
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