FLWS vs FNGD: Correlation
Measured on weekly returns over the past three years, 1-800-FLOWERS.COM, Inc. (FLWS) and MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLWS and FNGD?
Across a 3-year window, the weekly returns of FLWS and FNGD correlate at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -1398.1 %².
FNGD is close to the least connected end of FLWS's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with FLWS ahead by 22.5 points (-33.2% 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.
FLWS vs FNGD: side by side
| FLWS (1-800-FLOWERS.COM, Inc.) | FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | |
|---|---|---|
| 1-year return | -33.2% | -55.7% |
| 5-year return | -88.4% | -99.4% |
| Volatility (ann.) | 57.7% | 75.7% |
| Beta vs S&P 500 | 1.81 | -4.54 |
| Max drawdown (3Y) | -73.4% | -97.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLWS | FNGD |
|---|---|---|
| 2022 | -59.1% | +52.2% |
| 2023 | +12.8% | -90.1% |
| 2024 | -24.2% | -76.6% |
| 2025 | -51.9% | -61.4% |
| 2026 | -4.8% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLWS and FNGD good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLWS and FNGD?
The FLWS/FNGD correlation stands at -0.32 on a 3-year window (1 year: -0.35, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is FNGD a good diversifier for FLWS?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/flws-vs-fngd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flws-vs-fngd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLWS correlations · FNGD correlations
