CRSP vs FNGD: Correlation
CRISPR Therapeutics AG (CRSP) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and FNGD?
Across a 3-year window, the weekly returns of CRSP and FNGD correlate at -0.46, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. Stretching to 5 years gives -0.41, with an annualized covariance of -2034.4 %².
Out of 19 assets tracked against CRSP, FNGD lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months CRSP outperformed by 66.6 percentage points (+10.9% for CRSP 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.
CRSP vs FNGD: side by side
| CRSP (CRISPR Therapeutics AG) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +10.9% | -55.7% |
| 5-year return | -50.8% | -99.4% |
| Volatility (ann.) | 58.5% | 75.7% |
| Beta vs S&P 500 | 2.10 | -4.54 |
| Max drawdown (3Y) | -64.9% | -97.6% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | FNGD |
|---|---|---|
| 2022 | -46.4% | +52.2% |
| 2023 | +54.0% | -90.1% |
| 2024 | -37.1% | -76.6% |
| 2025 | +33.2% | -61.4% |
| 2026 | +13.2% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and FNGD good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRSP and FNGD?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.43 over the last year and -0.41 over 5 years.
Is FNGD a good diversifier for CRSP?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
A reading of -0.46 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/crsp-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crsp-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSP correlations · FNGD correlations
