FNGD vs KB: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and KB Financial Group Inc (KB) 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 KB?
Over the past 3 years, FNGD and KB moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -738.1 %².
Within FNGD's tracked universe of 1743 assets, KB comes in at #510 by 3-year correlation. The last year tells two different stories: KB led by 110.9 percentage points, -55.7% for FNGD against +55.2% for KB. Risk is not evenly split, since FNGD carries 2.0 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 KB: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | KB (KB Financial Group Inc) | |
|---|---|---|
| 1-year return | -55.7% | +55.2% |
| 5-year return | -99.4% | +221.4% |
| Volatility (ann.) | 75.7% | 37.2% |
| Beta vs S&P 500 | -4.54 | 0.96 |
| Max drawdown (3Y) | -97.6% | -34.4% |
| Market cap | – | $42.6B |
| P/E (trailing) | 20.6 | 9.9 |
| Dividend yield | 0.00% | 3998.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | KB |
|---|---|---|
| 2022 | +52.2% | -11.3% |
| 2023 | -90.1% | +10.3% |
| 2024 | -76.6% | +45.2% |
| 2025 | -61.4% | +55.5% |
| 2026 | -49.5% | +41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and KB 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 KB?
The FNGD/KB correlation stands at -0.26 on a 3-year window (1 year: -0.15, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is KB 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-kb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-kb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · KB correlations
