FNGD vs GRPN: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Groupon, Inc. (GRPN) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and GRPN?
Over the past 3 years, FNGD and GRPN moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1797.6 %².
By 3-year correlation, GRPN places #500 of the 1743 assets tracked against FNGD. The last year tells two different stories: GRPN led by 29.9 percentage points, -55.7% for FNGD against -25.8% for GRPN.
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 GRPN: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | GRPN (Groupon, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -25.8% |
| 5-year return | -99.4% | -17.9% |
| Volatility (ann.) | 75.7% | 91.7% |
| Beta vs S&P 500 | -4.54 | 1.87 |
| Max drawdown (3Y) | -97.6% | -74.2% |
| Market cap | – | $0.8B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | GRPN |
|---|---|---|
| 2022 | +52.2% | -63.0% |
| 2023 | -90.1% | +49.7% |
| 2024 | -76.6% | -5.4% |
| 2025 | -61.4% | +44.9% |
| 2026 | -49.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and GRPN good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and GRPN?
As of 2026-08-27, the correlation of weekly returns between FNGD and GRPN is -0.26 over 3 years, -0.22 over 1 year and -0.29 over 5 years.
Is GRPN a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: FNGD correlations · GRPN correlations
