ATNM vs FNGD: Correlation
Measured on weekly returns over the past three years, Actinium Pharmaceuticals, Inc. (Delaware) (ATNM) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNM and FNGD?
Over the past 3 years, ATNM and FNGD moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1558.2 %².
Out of 12 assets tracked against ATNM, FNGD lands near the bottom at #11. The trailing year gives ATNM the advantage: -43.2% versus -55.7%, a 12.5-point spread.
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.
ATNM vs FNGD: side by side
| ATNM (Actinium Pharmaceuticals, Inc. (Delaware)) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -43.2% | -55.7% |
| 5-year return | -83.3% | -99.4% |
| Volatility (ann.) | 83.6% | 75.7% |
| Beta vs S&P 500 | 1.73 | -4.54 |
| Max drawdown (3Y) | -92.4% | -97.6% |
| Market cap | – | – |
| P/E (trailing) | 2.9 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATNM | FNGD |
|---|---|---|
| 2022 | +77.2% | +52.2% |
| 2023 | -52.3% | -90.1% |
| 2024 | -75.2% | -76.6% |
| 2025 | +7.9% | -61.4% |
| 2026 | -26.5% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNM and FNGD good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATNM and FNGD?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.29 over the last year and -0.19 over 5 years.
Is FNGD a good diversifier for ATNM?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/atnm-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atnm-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATNM correlations · FNGD correlations
