FNGD vs LOGI: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Logitech International S.A. - Registered Shares (LOGI) show a negative relationship: their 3-year correlation of weekly returns is -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LOGI?
On 3 years of weekly data the FNGD/LOGI correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.49 lands near the 3-year figure. The 5-year figure is -0.46, and annualized covariance runs at -1232.2 %².
Among the 1743 assets we track against FNGD, LOGI ranks #1536 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LOGI outperformed by 52.2 percentage points (-55.7% for FNGD against -3.5% for LOGI). One caveat on sizing: FNGD is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LOGI: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LOGI (Logitech International S.A. - Registered Shares) | |
|---|---|---|
| 1-year return | -55.7% | -3.5% |
| 5-year return | -99.4% | +0.1% |
| Volatility (ann.) | 75.7% | 34.3% |
| Beta vs S&P 500 | -4.54 | 1.24 |
| Max drawdown (3Y) | -97.6% | -37.6% |
| Market cap | – | $14.0B |
| P/E (trailing) | 20.6 | 18.4 |
| Dividend yield | 0.00% | 1.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LOGI |
|---|---|---|
| 2022 | +52.2% | -22.9% |
| 2023 | -90.1% | +55.3% |
| 2024 | -76.6% | -12.0% |
| 2025 | -61.4% | +23.5% |
| 2026 | -49.5% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LOGI good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and LOGI?
As of 2026-08-27, the correlation of weekly returns between FNGD and LOGI is -0.47 over 3 years, -0.49 over 1 year and -0.46 over 5 years.
Is LOGI a good diversifier for FNGD?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 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
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-logi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-logi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · LOGI correlations
