CRUS vs FNGD: Correlation
Cirrus Logic, Inc. (CRUS) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRUS and FNGD?
Across a 3-year window, the weekly returns of CRUS and FNGD correlate at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.39 over 3 years. Stretching to 5 years gives -0.43, with an annualized covariance of -1115.2 %².
Among the 14 assets we track against CRUS, FNGD sits near the bottom by co-movement, at rank #12. The last year tells two different stories: CRUS led by 50.3 percentage points, -5.4% for CRUS against -55.7% for FNGD. Note the risk asymmetry: FNGD runs 2.0 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.
CRUS vs FNGD: side by side
| CRUS (Cirrus Logic, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -5.4% | -55.7% |
| 5-year return | +29.6% | -99.4% |
| Volatility (ann.) | 37.5% | 75.7% |
| Beta vs S&P 500 | 1.34 | -4.54 |
| Max drawdown (3Y) | -46.9% | -97.6% |
| Market cap | $5.6B | – |
| P/E (trailing) | 13.5 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRUS | FNGD |
|---|---|---|
| 2022 | -19.1% | +52.2% |
| 2023 | +11.7% | -90.1% |
| 2024 | +19.7% | -76.6% |
| 2025 | +19.0% | -61.4% |
| 2026 | -6.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRUS and FNGD good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRUS and FNGD?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.24 over the last year and -0.43 over 5 years.
Is FNGD a good diversifier for CRUS?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 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
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Related comparisons
Hubs: CRUS correlations · FNGD correlations
