CTRN vs FNGD: Correlation
Citi Trends, Inc. (CTRN) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRN and FNGD?
Over the past 3 years, CTRN and FNGD moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -1406.2 %².
FNGD is close to the least connected end of CTRN's tracked universe, ranking #13 of 13. The last year tells two different stories: CTRN led by 142.4 percentage points, +86.7% for CTRN 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.
CTRN vs FNGD: side by side
| CTRN (Citi Trends, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +86.7% | -55.7% |
| 5-year return | -19.6% | -99.4% |
| Volatility (ann.) | 52.8% | 75.7% |
| Beta vs S&P 500 | 1.41 | -4.54 |
| Max drawdown (3Y) | -57.0% | -97.6% |
| Market cap | $0.6B | – |
| P/E (trailing) | 79.8 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRN | FNGD |
|---|---|---|
| 2022 | -72.1% | +52.2% |
| 2023 | +6.8% | -90.1% |
| 2024 | -7.2% | -76.6% |
| 2025 | +58.3% | -61.4% |
| 2026 | +65.2% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRN and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTRN and FNGD?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.29 over the last year and -0.39 over 5 years.
Is FNGD a good diversifier for CTRN?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctrn-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctrn-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTRN correlations · FNGD correlations
