FNGD vs H: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Hyatt Hotels Corporation (H) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and H?
On 3 years of weekly data the FNGD/H correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.33 over 3 years. The 5-year figure is -0.37, and annualized covariance runs at -744.3 %².
Within FNGD's tracked universe of 1743 assets, H comes in at #1034 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months H outperformed by 75.7 percentage points (-55.7% for FNGD against +20.0% for H). Risk is not evenly split, since FNGD carries 2.5 times the volatility of the other side.
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 H: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | H (Hyatt Hotels Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +20.0% |
| 5-year return | -99.4% | +139.1% |
| Volatility (ann.) | 75.7% | 29.7% |
| Beta vs S&P 500 | -4.54 | 1.09 |
| Max drawdown (3Y) | -97.6% | -37.3% |
| Market cap | – | $16.3B |
| P/E (trailing) | 20.6 | 216.6 |
| Dividend yield | 0.00% | 0.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | H |
|---|---|---|
| 2022 | +52.2% | -5.7% |
| 2023 | -90.1% | +44.8% |
| 2024 | -76.6% | +20.9% |
| 2025 | -61.4% | +2.6% |
| 2026 | -49.5% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and H good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and H?
The FNGD/H correlation stands at -0.33 on a 3-year window (1 year: -0.01, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is H a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/fngd-vs-h.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-h/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · H correlations
