FNGD vs KFY: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Korn Ferry (KFY) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and KFY?
Across a 3-year window, the weekly returns of FNGD and KFY correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.31). Stretching to 5 years gives -0.40, with an annualized covariance of -628.0 %².
Among the 1743 assets we track against FNGD, KFY ranks #898 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KFY outperformed by 71.9 percentage points (-55.7% for FNGD against +16.2% for KFY). Risk is not evenly split, since FNGD carries 2.9 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 KFY: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | KFY (Korn Ferry) | |
|---|---|---|
| 1-year return | -55.7% | +16.2% |
| 5-year return | -99.4% | +30.5% |
| Volatility (ann.) | 75.7% | 26.3% |
| Beta vs S&P 500 | -4.54 | 0.89 |
| Max drawdown (3Y) | -97.6% | -24.1% |
| Market cap | – | $4.3B |
| P/E (trailing) | 20.6 | 16.1 |
| Dividend yield | 0.00% | 2.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | KFY |
|---|---|---|
| 2022 | +52.2% | -32.4% |
| 2023 | -90.1% | +19.1% |
| 2024 | -76.6% | +16.1% |
| 2025 | -61.4% | +0.6% |
| 2026 | -49.5% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and KFY good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and KFY?
The FNGD/KFY correlation stands at -0.31 on a 3-year window (1 year: -0.12, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is KFY a good diversifier for FNGD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-kfy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-kfy/)
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Related comparisons
Hubs: FNGD correlations · KFY correlations
