FIVN vs FNGD: Correlation
How closely do Five9, Inc. (FIVN) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and FNGD?
On 3 years of weekly data the FIVN/FNGD correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.42 lands near the 3-year figure. The 5-year figure is -0.50, and annualized covariance runs at -1707.0 %².
Out of 23 assets tracked against FIVN, FNGD lands near the bottom at #22. Correlation aside, the last 12 months split them widely, with FIVN ahead by 83.7 points (+28.0% 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.
FIVN vs FNGD: side by side
| FIVN (Five9, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | +28.0% | -55.7% |
| 5-year return | -81.3% | -99.4% |
| Volatility (ann.) | 55.7% | 75.7% |
| Beta vs S&P 500 | 1.84 | -4.54 |
| Max drawdown (3Y) | -84.1% | -97.6% |
| Market cap | $2.6B | – |
| P/E (trailing) | 46.7 | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | FNGD |
|---|---|---|
| 2022 | -50.6% | +52.2% |
| 2023 | +16.0% | -90.1% |
| 2024 | -48.4% | -76.6% |
| 2025 | -50.7% | -61.4% |
| 2026 | +72.4% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and FNGD good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIVN and FNGD?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.42 over the last year and -0.50 over 5 years.
Is FNGD a good diversifier for FIVN?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
A reading of -0.40 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/fivn-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fivn-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIVN correlations · FNGD correlations
