FNGD vs INTU: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Intuit (INTU) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and INTU?
Over the past 3 years, FNGD and INTU moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is -0.53, and the annualized covariance of weekly returns is -1072.8 %².
By 3-year correlation, INTU places #1313 of the 1743 assets tracked against FNGD. Over the last 12 months INTU came out ahead by 8.8 percentage points (-55.7% against -46.9%). One caveat on sizing: FNGD is 2.1 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 INTU: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | INTU (Intuit) | |
|---|---|---|
| 1-year return | -55.7% | -46.9% |
| 5-year return | -99.4% | -36.2% |
| Volatility (ann.) | 75.7% | 36.2% |
| Beta vs S&P 500 | -4.54 | 0.70 |
| Max drawdown (3Y) | -97.6% | -68.2% |
| Market cap | – | $95.2B |
| P/E (trailing) | 20.6 | 21.0 |
| Dividend yield | 0.00% | 1.39% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FNGD | INTU |
|---|---|---|
| 2022 | +52.2% | -39.1% |
| 2023 | -90.1% | +61.8% |
| 2024 | -76.6% | +1.2% |
| 2025 | -61.4% | +6.1% |
| 2026 | -49.5% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and INTU good diversifiers for each other?
Yes. With a correlation of -0.39, FNGD and INTU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and INTU?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.30 over the last year and -0.53 over 5 years.
Is INTU a good diversifier for FNGD?
Yes. With a correlation of -0.39, FNGD and INTU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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-intu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-intu/)
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Related comparisons
Hubs: FNGD correlations · INTU correlations
