CBUS vs FNGD: Correlation
How closely do Cibus, Inc. (CBUS) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBUS and FNGD?
Across a 3-year window, the weekly returns of CBUS and FNGD correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -2263.9 %².
Out of 9 assets tracked against CBUS, FNGD lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with CBUS ahead by 82.2 points (+26.5% 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.
CBUS vs FNGD: side by side
| CBUS (Cibus, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +26.5% | -55.7% |
| 5-year return | -99.2% | -99.4% |
| Volatility (ann.) | 105.1% | 75.7% |
| Beta vs S&P 500 | 2.76 | -4.54 |
| Max drawdown (3Y) | -94.9% | -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 | CBUS | FNGD |
|---|---|---|
| 2022 | -93.1% | +52.2% |
| 2023 | +165.4% | -90.1% |
| 2024 | -85.8% | -76.6% |
| 2025 | -37.4% | -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 CBUS and FNGD good diversifiers for each other?
Yes. With a correlation of -0.28, CBUS and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBUS and FNGD?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.20 over the last year and -0.31 over 5 years.
Is FNGD a good diversifier for CBUS?
Yes. With a correlation of -0.28, CBUS and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/cbus-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbus-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBUS correlations · FNGD correlations
