FNGD vs KOSS: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Koss Corporation (KOSS) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and KOSS?
Over the past 3 years, FNGD and KOSS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.23). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -2279.5 %².
Within FNGD's tracked universe of 1743 assets, KOSS comes in at #254 by 3-year correlation. On 12-month performance KOSS holds a 9.1-point edge, -55.7% against -46.6%. Note the risk asymmetry: KOSS runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 KOSS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | KOSS (Koss Corporation) | |
|---|---|---|
| 1-year return | -55.7% | -46.6% |
| 5-year return | -99.4% | -81.0% |
| Volatility (ann.) | 75.7% | 129.9% |
| Beta vs S&P 500 | -4.54 | 1.64 |
| Max drawdown (3Y) | -97.6% | -74.4% |
| 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 | KOSS |
|---|---|---|
| 2022 | +52.2% | -53.7% |
| 2023 | -90.1% | -32.3% |
| 2024 | -76.6% | +120.3% |
| 2025 | -61.4% | -43.9% |
| 2026 | -49.5% | -17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and KOSS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and KOSS?
The FNGD/KOSS correlation stands at -0.23 on a 3-year window (1 year: -0.38, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is KOSS a good diversifier for FNGD?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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
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Related comparisons
Hubs: FNGD correlations · KOSS correlations
