BEEM vs FNGD: Correlation
Beam Global (BEEM) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and FNGD?
On 3 years of weekly data the BEEM/FNGD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -1294.1 %².
Out of 11 assets tracked against BEEM, FNGD lands near the bottom at #10. On 12-month performance BEEM holds a 11.4-point edge, -44.3% 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.
BEEM vs FNGD: side by side
| BEEM (Beam Global) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -44.3% | -55.7% |
| 5-year return | -94.6% | -99.4% |
| Volatility (ann.) | 76.4% | 75.7% |
| Beta vs S&P 500 | 1.25 | -4.54 |
| Max drawdown (3Y) | -88.9% | -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 | BEEM | FNGD |
|---|---|---|
| 2022 | -6.1% | +52.2% |
| 2023 | -59.4% | -90.1% |
| 2024 | -55.3% | -76.6% |
| 2025 | -52.7% | -61.4% |
| 2026 | +4.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and FNGD good diversifiers for each other?
Yes. With a correlation of -0.22, BEEM and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BEEM and FNGD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.30 over 5 years.
Is FNGD a good diversifier for BEEM?
Yes. With a correlation of -0.22, BEEM and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/beem-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beem-vs-fngd/)
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Related comparisons
Hubs: BEEM correlations · FNGD correlations
