FNGD vs GNS: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Genius Group Limited (GNS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and GNS?
Over the past 3 years, FNGD and GNS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -2086.6 %².
Among the 1743 assets we track against FNGD, GNS ranks #329 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FNGD outperformed by 19.8 percentage points (-55.7% for FNGD against -75.5% for GNS). One caveat on sizing: GNS is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FNGD vs GNS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | GNS (Genius Group Limited) | |
|---|---|---|
| 1-year return | -55.7% | -75.5% |
| 5-year return | -99.4% | -99.9% |
| Volatility (ann.) | 75.7% | 116.4% |
| Beta vs S&P 500 | -4.54 | 2.04 |
| Max drawdown (3Y) | -97.6% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | GNS |
|---|---|---|
| 2022 | +52.2% | – |
| 2023 | -90.1% | +100.9% |
| 2024 | -76.6% | -89.6% |
| 2025 | -61.4% | -16.7% |
| 2026 | -49.5% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and GNS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and GNS?
The FNGD/GNS correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is GNS a good diversifier for FNGD?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/fngd-vs-gns.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-gns/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · GNS correlations
