ABOS vs FNGD: Correlation
Measured on weekly returns over the past three years, Acumen Pharmaceuticals, Inc. (ABOS) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABOS and FNGD?
On 3 years of weekly data the ABOS/FNGD correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -2074.0 %².
Out of 19 assets tracked against ABOS, FNGD lands near the bottom at #19. The last year tells two different stories: ABOS led by 173.7 percentage points, +118.0% for ABOS against -55.7% for FNGD.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABOS vs FNGD: side by side
| ABOS (Acumen Pharmaceuticals, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +118.0% | -55.7% |
| 5-year return | -83.9% | -99.4% |
| Volatility (ann.) | 82.5% | 75.7% |
| Beta vs S&P 500 | 2.30 | -4.54 |
| Max drawdown (3Y) | -85.8% | -97.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABOS | FNGD |
|---|---|---|
| 2022 | -20.1% | +52.2% |
| 2023 | -28.9% | -90.1% |
| 2024 | -55.2% | -76.6% |
| 2025 | +22.7% | -61.4% |
| 2026 | +43.6% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABOS and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABOS and FNGD?
The ABOS/FNGD correlation stands at -0.33 on a 3-year window (1 year: -0.30, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for ABOS?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abos-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abos-vs-fngd/)
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Related comparisons
Hubs: ABOS correlations · FNGD correlations
