COMP vs FNGD: Correlation
Compass, Inc. (COMP) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COMP and FNGD?
Across a 3-year window, the weekly returns of COMP and FNGD correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.42, with an annualized covariance of -1134.0 %².
Out of 14 assets tracked against COMP, FNGD lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with COMP ahead by 75.3 points (+19.6% 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.
COMP vs FNGD: side by side
| COMP (Compass, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +19.6% | -55.7% |
| 5-year return | -33.6% | -99.4% |
| Volatility (ann.) | 61.9% | 75.7% |
| Beta vs S&P 500 | 1.54 | -4.54 |
| Max drawdown (3Y) | -50.8% | -97.6% |
| Market cap | $8.5B | – |
| P/E (trailing) | 185.0 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COMP | FNGD |
|---|---|---|
| 2022 | -74.4% | +52.2% |
| 2023 | +61.4% | -90.1% |
| 2024 | +55.6% | -76.6% |
| 2025 | +80.7% | -61.4% |
| 2026 | +5.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COMP and FNGD good diversifiers for each other?
Yes. With a correlation of -0.24, COMP and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COMP and FNGD?
The COMP/FNGD correlation stands at -0.24 on a 3-year window (1 year: -0.31, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for COMP?
Yes. With a correlation of -0.24, COMP and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/comp-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/comp-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COMP correlations · FNGD correlations
