DUOT vs FNGD: Correlation
How closely do Duos Technologies Group, Inc. (DUOT) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUOT and FNGD?
Across a 3-year window, the weekly returns of DUOT and FNGD correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.26, with an annualized covariance of -1734.4 %².
Among the 13 assets we track against DUOT, FNGD sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with DUOT ahead by 116.4 points (+60.7% 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.
DUOT vs FNGD: side by side
| DUOT (Duos Technologies Group, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +60.7% | -55.7% |
| 5-year return | +57.5% | -99.4% |
| Volatility (ann.) | 83.7% | 75.7% |
| Beta vs S&P 500 | 1.75 | -4.54 |
| Max drawdown (3Y) | -64.3% | -97.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUOT | FNGD |
|---|---|---|
| 2022 | -61.0% | +52.2% |
| 2023 | +45.0% | -90.1% |
| 2024 | +106.2% | -76.6% |
| 2025 | +88.1% | -61.4% |
| 2026 | -8.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUOT and FNGD good diversifiers for each other?
Yes. With a correlation of -0.27, DUOT and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DUOT and FNGD?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.32 over the last year and -0.26 over 5 years.
Is FNGD a good diversifier for DUOT?
Yes. With a correlation of -0.27, DUOT and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/duot-vs-fngd.json
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[](https://www.pairbook.io/pair/duot-vs-fngd/)
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Related comparisons
Hubs: DUOT correlations · FNGD correlations
