DCH vs FNGD: Correlation
How closely do Dauch Corporation (DCH) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCH and FNGD?
On 3 years of weekly data the DCH/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 -0.35, and annualized covariance runs at -1047.4 %².
Out of 16 assets tracked against DCH, FNGD lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months DCH outperformed by 60.9 percentage points (+5.2% for DCH against -55.7% for FNGD). Risk is not evenly split, since FNGD carries 1.6 times the volatility of the other side.
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.
DCH vs FNGD: side by side
| DCH (Dauch Corporation) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +5.2% | -55.7% |
| 5-year return | -28.5% | -99.4% |
| Volatility (ann.) | 48.5% | 75.7% |
| Beta vs S&P 500 | 1.58 | -4.54 |
| Max drawdown (3Y) | -65.3% | -97.6% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCH | FNGD |
|---|---|---|
| 2022 | -16.2% | +52.2% |
| 2023 | +12.7% | -90.1% |
| 2024 | -33.8% | -76.6% |
| 2025 | +9.9% | -61.4% |
| 2026 | -1.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCH 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 DCH and FNGD?
The DCH/FNGD correlation stands at -0.28 on a 3-year window (1 year: -0.27, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for DCH?
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/dch-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dch-vs-fngd/)
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Related comparisons
Hubs: DCH correlations · FNGD correlations
