DDD vs FNGD: Correlation
How closely do 3D Systems Corporation (DDD) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDD and FNGD?
On 3 years of weekly data the DDD/FNGD correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.35 over 3 years. The 5-year figure is -0.45, and annualized covariance runs at -2312.1 %².
FNGD is close to the least connected end of DDD's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months DDD outperformed by 89.7 percentage points (+34.0% for DDD 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.
DDD vs FNGD: side by side
| DDD (3D Systems Corporation) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +34.0% | -55.7% |
| 5-year return | -88.6% | -99.4% |
| Volatility (ann.) | 88.0% | 75.7% |
| Beta vs S&P 500 | 2.29 | -4.54 |
| Max drawdown (3Y) | -79.8% | -97.6% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDD | FNGD |
|---|---|---|
| 2022 | -65.6% | +52.2% |
| 2023 | -14.2% | -90.1% |
| 2024 | -48.3% | -76.6% |
| 2025 | -46.0% | -61.4% |
| 2026 | +93.8% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDD and FNGD good diversifiers for each other?
Yes. With a correlation of -0.35, DDD and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DDD and FNGD?
The DDD/FNGD correlation stands at -0.35 on a 3-year window (1 year: -0.49, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for DDD?
Yes. With a correlation of -0.35, DDD and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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/ddd-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddd-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDD correlations · FNGD correlations
