FNGD vs HST: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Host Hotels & Resorts (HST) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and HST?
Over the past 3 years, FNGD and HST moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.26). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -472.8 %².
By 3-year correlation, HST places #504 of the 1743 assets tracked against FNGD. The last year tells two different stories: HST led by 94.9 percentage points, -55.7% for FNGD against +39.2% for HST. Risk is not evenly split, since FNGD carries 3.1 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 HST: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | HST (Host Hotels & Resorts) | |
|---|---|---|
| 1-year return | -55.7% | +39.2% |
| 5-year return | -99.4% | +73.4% |
| Volatility (ann.) | 75.7% | 24.2% |
| Beta vs S&P 500 | -4.54 | 0.78 |
| Max drawdown (3Y) | -97.6% | -36.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | 20.6 | 15.1 |
| Dividend yield | 0.00% | 3.57% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | FNGD | HST |
|---|---|---|
| 2022 | +52.2% | -4.6% |
| 2023 | -90.1% | +27.6% |
| 2024 | -76.6% | -5.5% |
| 2025 | -61.4% | +7.2% |
| 2026 | -49.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and HST good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and HST?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.17 over the last year and -0.37 over 5 years.
Is HST a good diversifier for FNGD?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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-hst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-hst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · HST correlations
