BARK vs FNGD: Correlation
Measured on weekly returns over the past three years, BARK, Inc. (BARK) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BARK and FNGD?
Across a 3-year window, the weekly returns of BARK and FNGD correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.28). Stretching to 5 years gives -0.39, with an annualized covariance of -1486.7 %².
Out of 11 assets tracked against BARK, FNGD lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with BARK ahead by 17.1 points (-38.6% versus -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.
BARK vs FNGD: side by side
| BARK (BARK, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -38.6% | -55.7% |
| 5-year return | -93.3% | -99.4% |
| Volatility (ann.) | 71.1% | 75.7% |
| Beta vs S&P 500 | 1.47 | -4.54 |
| Max drawdown (3Y) | -82.7% | -97.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BARK | FNGD |
|---|---|---|
| 2022 | -64.7% | +52.2% |
| 2023 | -45.9% | -90.1% |
| 2024 | +128.3% | -76.6% |
| 2025 | -67.2% | -61.4% |
| 2026 | -10.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BARK and FNGD good diversifiers for each other?
Yes. With a correlation of -0.28, BARK and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BARK and FNGD?
The BARK/FNGD correlation stands at -0.28 on a 3-year window (1 year: -0.39, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for BARK?
Yes. With a correlation of -0.28, BARK and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bark-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bark-vs-fngd/)
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Related comparisons
Hubs: BARK correlations · FNGD correlations
