FNGD vs LIF: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Life360, Inc. (LIF) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LIF?
Across a 3-year window, the weekly returns of FNGD and LIF correlate at -0.38, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.38 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1897.2 %².
Within FNGD's tracked universe of 1743 assets, LIF comes in at #1277 by 3-year correlation. Twelve-month performance is nearly a tie, at -55.7% for FNGD and -51.4% for LIF.
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 LIF: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LIF (Life360, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -51.4% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 75.7% | 63.6% |
| Beta vs S&P 500 | -4.54 | 2.18 |
| Max drawdown (3Y) | -97.6% | -65.6% |
| Market cap | – | $3.6B |
| P/E (trailing) | 20.6 | 25.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LIF |
|---|---|---|
| 2022 | +52.2% | – |
| 2023 | -90.1% | – |
| 2024 | -76.6% | – |
| 2025 | -61.4% | +55.4% |
| 2026 | -49.5% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LIF good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and LIF?
The FNGD/LIF correlation stands at -0.38 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LIF a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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-lif.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-lif/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · LIF correlations
