ACN vs FNGD: Correlation
Accenture (ACN) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and FNGD?
Across a 3-year window, the weekly returns of ACN and FNGD correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives -0.40, with an annualized covariance of -511.7 %².
Within ACN's tracked universe of 37 assets, FNGD comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACN ahead by 30.1 points (-25.6% versus -55.7%). One caveat on sizing: FNGD is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACN vs FNGD: side by side
| ACN (Accenture) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -25.6% | -55.7% |
| 5-year return | -39.6% | -99.4% |
| Volatility (ann.) | 32.6% | 75.7% |
| Beta vs S&P 500 | 0.69 | -4.54 |
| Max drawdown (3Y) | -68.2% | -97.6% |
| Market cap | $114.7B | – |
| P/E (trailing) | 14.5 | 20.6 |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ACN | FNGD |
|---|---|---|
| 2022 | -34.8% | +52.2% |
| 2023 | +33.6% | -90.1% |
| 2024 | +1.9% | -76.6% |
| 2025 | -22.6% | -61.4% |
| 2026 | -28.7% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACN and FNGD?
The ACN/FNGD correlation stands at -0.21 on a 3-year window (1 year: -0.15, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for ACN?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acn-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acn-vs-fngd/)
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Related comparisons
Hubs: ACN correlations · FNGD correlations
