EMR vs FNGD: Correlation
Measured on weekly returns over the past three years, Emerson Electric (EMR) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and FNGD?
On 3 years of weekly data the EMR/FNGD correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.45 lands near the 3-year figure. The 5-year figure is -0.46, and annualized covariance runs at -1006.5 %².
Out of 47 assets tracked against EMR, FNGD lands near the bottom at #45. Their recent paths diverged sharply: over the last 12 months EMR outperformed by 75.7 percentage points (+20.0% for EMR against -55.7% for FNGD). Risk is not evenly split, since FNGD carries 2.7 times the volatility of the other side.
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.
EMR vs FNGD: side by side
| EMR (Emerson Electric) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +20.0% | -55.7% |
| 5-year return | +65.4% | -99.4% |
| Volatility (ann.) | 28.3% | 75.7% |
| Beta vs S&P 500 | 1.29 | -4.54 |
| Max drawdown (3Y) | -29.6% | -97.6% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | 20.6 |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | FNGD |
|---|---|---|
| 2022 | +5.7% | +52.2% |
| 2023 | +3.8% | -90.1% |
| 2024 | +29.7% | -76.6% |
| 2025 | +8.9% | -61.4% |
| 2026 | +20.2% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between EMR and FNGD?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.45 over the last year and -0.46 over 5 years.
Is FNGD a good diversifier for EMR?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
A reading of -0.47 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/emr-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emr-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · FNGD correlations
