FNGD vs INUV: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Inuvo, Inc. (INUV) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and INUV?
On 3 years of weekly data the FNGD/INUV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.29, and annualized covariance runs at -1516.6 %².
Among the 1743 assets we track against FNGD, INUV ranks #248 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FNGD outperformed by 22.7 percentage points (-55.7% for FNGD against -78.4% for INUV).
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 INUV: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | INUV (Inuvo, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -78.4% |
| 5-year return | -99.4% | -90.0% |
| Volatility (ann.) | 75.7% | 85.4% |
| Beta vs S&P 500 | -4.54 | 1.37 |
| Max drawdown (3Y) | -97.6% | -90.4% |
| 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 | INUV |
|---|---|---|
| 2022 | +52.2% | -58.5% |
| 2023 | -90.1% | +95.5% |
| 2024 | -76.6% | +51.2% |
| 2025 | -61.4% | -61.8% |
| 2026 | -49.5% | -70.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and INUV good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and INUV?
As of 2026-08-27, the correlation of weekly returns between FNGD and INUV is -0.23 over 3 years, -0.29 over 1 year and -0.29 over 5 years.
Is INUV a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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
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Related comparisons
Hubs: FNGD correlations · INUV correlations
