FNGD vs LAMR: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Lamar Advertising Company (LAMR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LAMR?
Across a 3-year window, the weekly returns of FNGD and LAMR correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.16) than the 3-year average (-0.31). Stretching to 5 years gives -0.42, with an annualized covariance of -579.9 %².
Among the 1743 assets we track against FNGD, LAMR ranks #900 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LAMR outperformed by 79.7 percentage points (-55.7% for FNGD against +24.0% for LAMR). Risk is not evenly split, since FNGD carries 3.1 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 LAMR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LAMR (Lamar Advertising Company) | |
|---|---|---|
| 1-year return | -55.7% | +24.0% |
| 5-year return | -99.4% | +68.6% |
| Volatility (ann.) | 75.7% | 24.7% |
| Beta vs S&P 500 | -4.54 | 0.90 |
| Max drawdown (3Y) | -97.6% | -23.9% |
| Market cap | – | $15.3B |
| P/E (trailing) | 20.6 | 27.5 |
| Dividend yield | 0.00% | 4.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LAMR |
|---|---|---|
| 2022 | +52.2% | -18.0% |
| 2023 | -90.1% | +18.6% |
| 2024 | -76.6% | +20.0% |
| 2025 | -61.4% | +9.7% |
| 2026 | -49.5% | +21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LAMR 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 LAMR?
The FNGD/LAMR correlation stands at -0.31 on a 3-year window (1 year: -0.16, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is LAMR 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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: FNGD correlations · LAMR correlations
