FNGD vs KLIC: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Kulicke and Soffa Industries, Inc. (KLIC) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and KLIC?
Across a 3-year window, the weekly returns of FNGD and KLIC correlate at -0.32, 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 (-0.32). Stretching to 5 years gives -0.46, with an annualized covariance of -1081.0 %².
Among the 1743 assets we track against FNGD, KLIC ranks #968 by 3-year correlation. The last year tells two different stories: KLIC led by 184.0 percentage points, -55.7% for FNGD against +128.3% for KLIC. One caveat on sizing: FNGD is 1.7 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 KLIC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | KLIC (Kulicke and Soffa Industries, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +128.3% |
| 5-year return | -99.4% | +30.7% |
| Volatility (ann.) | 75.7% | 43.9% |
| Beta vs S&P 500 | -4.54 | 1.49 |
| Max drawdown (3Y) | -97.6% | -49.3% |
| Market cap | – | $4.4B |
| P/E (trailing) | 20.6 | 38.8 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | KLIC |
|---|---|---|
| 2022 | +52.2% | -25.8% |
| 2023 | -90.1% | +25.5% |
| 2024 | -76.6% | -13.2% |
| 2025 | -61.4% | -0.3% |
| 2026 | -49.5% | +86.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and KLIC good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and KLIC?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.12 over the last year and -0.46 over 5 years.
Is KLIC a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-klic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-klic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · KLIC correlations
