APRE vs FNGD: Correlation
Aprea Therapeutics, Inc. (APRE) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APRE and FNGD?
On 3 years of weekly data the APRE/FNGD correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.34 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -2111.3 %².
Among the 10 assets we track against APRE, FNGD sits near the bottom by co-movement, at rank #9. Over the last 12 months APRE came out ahead by 9.5 percentage points (-46.2% against -55.7%).
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.
APRE vs FNGD: side by side
| APRE (Aprea Therapeutics, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -46.2% | -55.7% |
| 5-year return | -99.0% | -99.4% |
| Volatility (ann.) | 82.1% | 75.7% |
| Beta vs S&P 500 | 2.10 | -4.54 |
| Max drawdown (3Y) | -93.0% | -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 | APRE | FNGD |
|---|---|---|
| 2022 | -88.5% | +52.2% |
| 2023 | -29.0% | -90.1% |
| 2024 | -30.0% | -76.6% |
| 2025 | -74.1% | -61.4% |
| 2026 | +0.8% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APRE and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between APRE and FNGD?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.45 over the last year and -0.27 over 5 years.
Is FNGD a good diversifier for APRE?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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/apre-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apre-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APRE correlations · FNGD correlations
