CRIS vs FNGD: Correlation
Measured on weekly returns over the past three years, Curis, Inc. (CRIS) 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 CRIS and FNGD?
On 3 years of weekly data the CRIS/FNGD correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.28 over 3. The 5-year figure is -0.29, and annualized covariance runs at -2238.2 %².
Out of 15 assets tracked against CRIS, FNGD lands near the bottom at #13. The last year tells two different stories: FNGD led by 39.7 percentage points, -95.4% for CRIS against -55.7% for FNGD.
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.
CRIS vs FNGD: side by side
| CRIS (Curis, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -95.4% | -55.7% |
| 5-year return | -100.0% | -99.4% |
| Volatility (ann.) | 104.6% | 75.7% |
| Beta vs S&P 500 | 2.80 | -4.54 |
| Max drawdown (3Y) | -99.6% | -97.6% |
| Market cap | – | – |
| P/E (trailing) | 0.4 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRIS | FNGD |
|---|---|---|
| 2022 | -88.4% | +52.2% |
| 2023 | +15.9% | -90.1% |
| 2024 | -76.0% | -76.6% |
| 2025 | -67.6% | -61.4% |
| 2026 | -92.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRIS and FNGD good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRIS and FNGD?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.27 over the last year and -0.29 over 5 years.
Is FNGD a good diversifier for CRIS?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cris-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cris-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRIS correlations · FNGD correlations
