DTST vs FNGD: Correlation
Data Storage Corporation (DTST) 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 DTST and FNGD?
Over the past 3 years, DTST and FNGD moved with a correlation of -0.35, which is 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 -0.35 over 3 years. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1504.2 %².
FNGD is close to the least connected end of DTST's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months DTST outperformed by 20.8 percentage points (-34.9% for DTST 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.
DTST vs FNGD: side by side
| DTST (Data Storage Corporation) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -34.9% | -55.7% |
| 5-year return | -30.6% | -99.4% |
| Volatility (ann.) | 57.3% | 75.7% |
| Beta vs S&P 500 | 1.33 | -4.54 |
| Max drawdown (3Y) | -62.7% | -97.6% |
| Market cap | – | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTST | FNGD |
|---|---|---|
| 2022 | -51.6% | +52.2% |
| 2023 | +94.6% | -90.1% |
| 2024 | +46.9% | -76.6% |
| 2025 | +21.0% | -61.4% |
| 2026 | -41.6% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTST and FNGD good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DTST and FNGD?
The DTST/FNGD correlation stands at -0.35 on a 3-year window (1 year: -0.24, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for DTST?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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/dtst-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dtst-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTST correlations · FNGD correlations
