CINT vs FNGD: Correlation
Measured on weekly returns over the past three years, CI&T Inc Class A (CINT) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINT and FNGD?
On 3 years of weekly data the CINT/FNGD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.23 over 3. The 5-year figure is -0.29, and annualized covariance runs at -886.6 %².
FNGD is close to the least connected end of CINT's tracked universe, ranking #10 of 12. The last year tells two different stories: CINT led by 19.6 percentage points, -36.1% for CINT against -55.7% for FNGD. Note the risk asymmetry: FNGD runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CINT vs FNGD: side by side
| CINT (CI&T Inc Class A) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -36.1% | -55.7% |
| 5-year return | -81.0% | -99.4% |
| Volatility (ann.) | 49.9% | 75.7% |
| Beta vs S&P 500 | 0.92 | -4.54 |
| Max drawdown (3Y) | -60.2% | -97.6% |
| Market cap | $0.4B | – |
| P/E (trailing) | 12.3 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CINT | FNGD |
|---|---|---|
| 2022 | -45.3% | +52.2% |
| 2023 | -19.1% | -90.1% |
| 2024 | +15.4% | -76.6% |
| 2025 | -32.9% | -61.4% |
| 2026 | -15.2% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINT and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CINT and FNGD?
The CINT/FNGD correlation stands at -0.23 on a 3-year window (1 year: -0.15, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for CINT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/cint-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cint-vs-fngd/)
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Related comparisons
Hubs: CINT correlations · FNGD correlations
