AIFA vs FNGD: Correlation
All In FutureTech Alliance, Inc. (AIFA) 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 AIFA and FNGD?
Over the past 3 years, AIFA and FNGD moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2156.8 %².
FNGD is close to the least connected end of AIFA's tracked universe, ranking #9 of 10. Their 12-month results are close: -58.8% for AIFA against -55.7% for FNGD. Risk is not evenly split, since AIFA carries 1.8 times the volatility of the other side.
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.
AIFA vs FNGD: side by side
| AIFA (All In FutureTech Alliance, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -58.8% | -55.7% |
| 5-year return | -76.3% | -99.4% |
| Volatility (ann.) | 134.8% | 75.7% |
| Beta vs S&P 500 | 2.25 | -4.54 |
| Max drawdown (3Y) | -92.8% | -97.6% |
| Market cap | – | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFA | FNGD |
|---|---|---|
| 2022 | -38.6% | +52.2% |
| 2023 | +1.0% | -90.1% |
| 2024 | -25.2% | -76.6% |
| 2025 | -50.6% | -61.4% |
| 2026 | +20.7% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFA 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 AIFA and FNGD?
As of 2026-08-27, the correlation of weekly returns between AIFA and FNGD is -0.21 over 3 years, -0.27 over 1 year and -0.16 over 5 years.
Is FNGD a good diversifier for AIFA?
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?
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/aifa-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aifa-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIFA correlations · FNGD correlations
