DTIL vs FNGD: Correlation
Measured on weekly returns over the past three years, Precision BioSciences, Inc. (DTIL) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTIL and FNGD?
On 3 years of weekly data the DTIL/FNGD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.21 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -1140.9 %².
Among the 10 assets we track against DTIL, FNGD sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with DTIL ahead by 123.4 points (+67.7% versus -55.7%).
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.
DTIL vs FNGD: side by side
| DTIL (Precision BioSciences, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +67.7% | -55.7% |
| 5-year return | -97.6% | -99.4% |
| Volatility (ann.) | 72.7% | 75.7% |
| Beta vs S&P 500 | 1.22 | -4.54 |
| Max drawdown (3Y) | -80.8% | -97.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTIL | FNGD |
|---|---|---|
| 2022 | -83.9% | +52.2% |
| 2023 | -69.3% | -90.1% |
| 2024 | -65.2% | -76.6% |
| 2025 | +9.2% | -61.4% |
| 2026 | +101.9% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTIL and FNGD good diversifiers for each other?
Yes. With a correlation of -0.21, DTIL and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DTIL and FNGD?
As of 2026-08-27, the correlation of weekly returns between DTIL and FNGD is -0.21 over 3 years, -0.32 over 1 year and -0.27 over 5 years.
Is FNGD a good diversifier for DTIL?
Yes. With a correlation of -0.21, DTIL and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/dtil-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dtil-vs-fngd/)
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Related comparisons
Hubs: DTIL correlations · FNGD correlations
