Looking to balance out your exposure to FSLY? The ETFs below have the lowest correlation with FSLY — they tend to move on their own, which can help reduce risk when FSLY drops. The stock ideas table highlights individual companies that behave independently from FSLY.
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 0.32, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.44 | 0.49 | 70 | S&P 500 | FSLY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSLY and solid risk/return profiles. The least correlated is Praxis Precision Medicines, Inc. (PRAX) (Healthcare) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Praxis Precision Medicines, Inc. | -0.04 | 0.12 | 0.19 | 98 | Healthcare | |
| Tyra Biosciences, Inc. | 0.06 | 0.20 | 0.25 | 94 | Healthcare | |
| SELLAS Life Sciences Group, Inc. | 0.07 | 0.09 | 0.21 | 95 | Healthcare | |
| Erasca, Inc. | 0.07 | 0.21 | 0.27 | 98 | Healthcare | |
| Alumis Inc | 0.10 | 0.07 | 0.07 | 98 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSLY
Add FSLY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSLY