ANGI vs FNGD: Correlation
How closely do Angi Inc. (ANGI) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGI and FNGD?
Over the past 3 years, ANGI and FNGD moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.25 over 3 years. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -1278.1 %².
Among the 16 assets we track against ANGI, FNGD sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months FNGD outperformed by 17.6 percentage points (-73.3% for ANGI 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.
ANGI vs FNGD: side by side
| ANGI (Angi Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -73.3% | -55.7% |
| 5-year return | -95.6% | -99.4% |
| Volatility (ann.) | 67.2% | 75.7% |
| Beta vs S&P 500 | 1.62 | -4.54 |
| Max drawdown (3Y) | -85.6% | -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 | ANGI | FNGD |
|---|---|---|
| 2022 | -74.5% | +52.2% |
| 2023 | +6.0% | -90.1% |
| 2024 | -33.3% | -76.6% |
| 2025 | -22.1% | -61.4% |
| 2026 | -63.9% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGI and FNGD good diversifiers for each other?
Yes. With a correlation of -0.25, ANGI and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANGI and FNGD?
As of 2026-08-27, the correlation of weekly returns between ANGI and FNGD is -0.25 over 3 years, -0.13 over 1 year and -0.34 over 5 years.
Is FNGD a good diversifier for ANGI?
Yes. With a correlation of -0.25, ANGI and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: ANGI correlations · FNGD correlations
