DXLG vs FNGD: Correlation
Measured on weekly returns over the past three years, Destination XL Group, Inc. (DXLG) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXLG and FNGD?
Across a 3-year window, the weekly returns of DXLG and FNGD correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -1052.9 %².
Among the 10 assets we track against DXLG, FNGD sits near the bottom by co-movement, at rank #8. Twelve-month performance is nearly a tie, at -52.6% for DXLG and -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.
DXLG vs FNGD: side by side
| DXLG (Destination XL Group, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -52.6% | -55.7% |
| 5-year return | -88.2% | -99.4% |
| Volatility (ann.) | 60.4% | 75.7% |
| Beta vs S&P 500 | 1.31 | -4.54 |
| Max drawdown (3Y) | -90.8% | -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 | DXLG | FNGD |
|---|---|---|
| 2022 | +18.8% | +52.2% |
| 2023 | -34.8% | -90.1% |
| 2024 | -38.9% | -76.6% |
| 2025 | -65.8% | -61.4% |
| 2026 | -32.5% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXLG and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DXLG and FNGD?
As of 2026-08-27, the correlation of weekly returns between DXLG and FNGD is -0.23 over 3 years, -0.31 over 1 year and -0.29 over 5 years.
Is FNGD a good diversifier for DXLG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxlg-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dxlg-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXLG correlations · FNGD correlations
