FNGD vs LSCC: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Lattice Semiconductor Corporation (LSCC) trade together? Their weekly returns over three years give a correlation of -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LSCC?
Over the past 3 years, FNGD and LSCC moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.34) runs above the 3-year figure (-0.47). Over 5 years the correlation is -0.55, and the annualized covariance of weekly returns is -1933.2 %².
By 3-year correlation, LSCC places #1537 of the 1743 assets tracked against FNGD. The last year tells two different stories: LSCC led by 138.7 percentage points, -55.7% for FNGD against +83.0% for LSCC.
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 LSCC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LSCC (Lattice Semiconductor Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +83.0% |
| 5-year return | -99.4% | +92.0% |
| Volatility (ann.) | 75.7% | 53.9% |
| Beta vs S&P 500 | -4.54 | 2.02 |
| Max drawdown (3Y) | -97.6% | -61.1% |
| Market cap | – | $17.1B |
| P/E (trailing) | 20.6 | 481.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LSCC |
|---|---|---|
| 2022 | +52.2% | -15.8% |
| 2023 | -90.1% | +6.3% |
| 2024 | -76.6% | -17.9% |
| 2025 | -61.4% | +29.9% |
| 2026 | -49.5% | +63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LSCC 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 LSCC?
As of 2026-08-27, the correlation of weekly returns between FNGD and LSCC is -0.47 over 3 years, -0.34 over 1 year and -0.55 over 5 years.
Is LSCC 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-lscc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-lscc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · LSCC correlations
