FNGD vs LLYVK: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LLYVK?
On 3 years of weekly data the FNGD/LLYVK correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.36 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -831.5 %².
By 3-year correlation, LLYVK places #1191 of the 1743 assets tracked against FNGD. The last year tells two different stories: LLYVK led by 62.8 percentage points, -55.7% for FNGD against +7.1% for LLYVK. Risk is not evenly split, since FNGD carries 2.4 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 LLYVK: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | |
|---|---|---|
| 1-year return | -55.7% | +7.1% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 75.7% | 30.9% |
| Beta vs S&P 500 | -4.54 | 0.96 |
| Max drawdown (3Y) | -97.6% | -24.1% |
| Market cap | – | $9.5B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LLYVK |
|---|---|---|
| 2022 | +52.2% | – |
| 2023 | -90.1% | – |
| 2024 | -76.6% | +82.0% |
| 2025 | -61.4% | +22.2% |
| 2026 | -49.5% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LLYVK good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and LLYVK?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is LLYVK a good diversifier for FNGD?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-llyvk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-llyvk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · LLYVK correlations
