FNGD vs LFUS: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Littelfuse, Inc. (LFUS) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LFUS?
Across a 3-year window, the weekly returns of FNGD and LFUS correlate at -0.40, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.40 over 3 years. Stretching to 5 years gives -0.45, with an annualized covariance of -1067.4 %².
By 3-year correlation, LFUS places #1357 of the 1743 assets tracked against FNGD. The last year tells two different stories: LFUS led by 117.7 percentage points, -55.7% for FNGD against +62.0% for LFUS. Note the risk asymmetry: FNGD runs 2.1 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 LFUS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LFUS (Littelfuse, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +62.0% |
| 5-year return | -99.4% | +53.7% |
| Volatility (ann.) | 75.7% | 35.3% |
| Beta vs S&P 500 | -4.54 | 1.44 |
| Max drawdown (3Y) | -97.6% | -45.0% |
| Market cap | – | $10.7B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LFUS |
|---|---|---|
| 2022 | +52.2% | -29.4% |
| 2023 | -90.1% | +22.7% |
| 2024 | -76.6% | -11.0% |
| 2025 | -61.4% | +8.6% |
| 2026 | -49.5% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LFUS good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and LFUS?
The FNGD/LFUS correlation stands at -0.40 on a 3-year window (1 year: -0.19, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is LFUS a good diversifier for FNGD?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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-lfus.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-lfus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · LFUS correlations
