CRSR vs FNGD: Correlation
Corsair Gaming, Inc. (CRSR) 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 CRSR and FNGD?
Across a 3-year window, the weekly returns of CRSR and FNGD correlate at -0.46, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.55 over 1 year against -0.46 over 3. Stretching to 5 years gives -0.50, with an annualized covariance of -2484.0 %².
Out of 19 assets tracked against CRSR, FNGD lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months CRSR outperformed by 91.2 percentage points (+35.5% for CRSR 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.
CRSR vs FNGD: side by side
| CRSR (Corsair Gaming, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +35.5% | -55.7% |
| 5-year return | -57.7% | -99.4% |
| Volatility (ann.) | 71.0% | 75.7% |
| Beta vs S&P 500 | 2.22 | -4.54 |
| Max drawdown (3Y) | -71.3% | -97.6% |
| Market cap | $1.3B | – |
| P/E (trailing) | 38.6 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSR | FNGD |
|---|---|---|
| 2022 | -35.4% | +52.2% |
| 2023 | +3.9% | -90.1% |
| 2024 | -53.1% | -76.6% |
| 2025 | -10.1% | -61.4% |
| 2026 | +101.7% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR 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 CRSR and FNGD?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.55 over the last year and -0.50 over 5 years.
Is FNGD a good diversifier for CRSR?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crsr-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crsr-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSR correlations · FNGD correlations
