AIMD vs FNGD: Correlation
Ainos, Inc. (AIMD) 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 AIMD and FNGD?
Over the past 3 years, AIMD and FNGD moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.21 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1886.2 %².
Among the 11 assets we track against AIMD, FNGD sits near the bottom by co-movement, at rank #10. On 12-month performance FNGD holds a 6.9-point edge, -62.6% against -55.7%. One caveat on sizing: AIMD is 1.6 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.
AIMD vs FNGD: side by side
| AIMD (Ainos, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -62.6% | -55.7% |
| 5-year return | -99.6% | -99.4% |
| Volatility (ann.) | 117.9% | 75.7% |
| Beta vs S&P 500 | 1.67 | -4.54 |
| Max drawdown (3Y) | -94.0% | -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 | AIMD | FNGD |
|---|---|---|
| 2022 | -95.1% | +52.2% |
| 2023 | -33.9% | -90.1% |
| 2024 | -77.8% | -76.6% |
| 2025 | -28.1% | -61.4% |
| 2026 | -13.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIMD and FNGD good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIMD and FNGD?
The AIMD/FNGD correlation stands at -0.21 on a 3-year window (1 year: -0.51, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for AIMD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aimd-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aimd-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIMD correlations · FNGD correlations
