FNGD vs LPSN: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and LivePerson, Inc. (LPSN) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LPSN?
Across a 3-year window, the weekly returns of FNGD and LPSN correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.22). Stretching to 5 years gives -0.26, with an annualized covariance of -1767.7 %².
By 3-year correlation, LPSN places #178 of the 1743 assets tracked against FNGD. Correlation aside, the last 12 months split them widely, with FNGD ahead by 27.2 points (-55.7% versus -82.9%).
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 LPSN: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LPSN (LivePerson, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -82.9% |
| 5-year return | -99.4% | -99.7% |
| Volatility (ann.) | 75.7% | 105.2% |
| Beta vs S&P 500 | -4.54 | 2.05 |
| Max drawdown (3Y) | -97.6% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LPSN |
|---|---|---|
| 2022 | +52.2% | -71.6% |
| 2023 | -90.1% | -62.6% |
| 2024 | -76.6% | -59.9% |
| 2025 | -61.4% | -83.0% |
| 2026 | -49.5% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LPSN good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and LPSN?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.44 over the last year and -0.26 over 5 years.
Is LPSN a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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-lpsn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-lpsn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · LPSN correlations
