ENTG vs FNGD: Correlation
Measured on weekly returns over the past three years, Entegris, Inc. (ENTG) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTG and FNGD?
On 3 years of weekly data the ENTG/FNGD correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. The 5-year figure is -0.56, and annualized covariance runs at -1970.7 %².
FNGD is close to the least connected end of ENTG's tracked universe, ranking #22 of 23. Correlation aside, the last 12 months split them widely, with ENTG ahead by 129.3 points (+73.6% 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.
ENTG vs FNGD: side by side
| ENTG (Entegris, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +73.6% | -55.7% |
| 5-year return | +22.7% | -99.4% |
| Volatility (ann.) | 53.0% | 75.7% |
| Beta vs S&P 500 | 2.17 | -4.54 |
| Max drawdown (3Y) | -56.9% | -97.6% |
| Market cap | $22.2B | – |
| P/E (trailing) | 71.6 | 20.6 |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTG | FNGD |
|---|---|---|
| 2022 | -52.5% | +52.2% |
| 2023 | +83.5% | -90.1% |
| 2024 | -17.1% | -76.6% |
| 2025 | -14.6% | -61.4% |
| 2026 | +72.9% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTG and FNGD good diversifiers for each other?
Yes. With a correlation of -0.49, ENTG and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENTG and FNGD?
As of 2026-08-27, the correlation of weekly returns between ENTG and FNGD is -0.49 over 3 years, -0.39 over 1 year and -0.56 over 5 years.
Is FNGD a good diversifier for ENTG?
Yes. With a correlation of -0.49, ENTG and FNGD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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
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Related comparisons
Hubs: ENTG correlations · FNGD correlations
