FNGD vs LUCK: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Lucky Strike Entertainment Corporation (LUCK) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and LUCK?
On 3 years of weekly data the FNGD/LUCK correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.25). The 5-year figure is -0.16, and annualized covariance runs at -984.8 %².
Among the 1743 assets we track against FNGD, LUCK ranks #432 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LUCK outperformed by 16.0 percentage points (-55.7% for FNGD against -39.7% for LUCK).
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 LUCK: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | LUCK (Lucky Strike Entertainment Corporation) | |
|---|---|---|
| 1-year return | -55.7% | -39.7% |
| 5-year return | -99.4% | -32.9% |
| Volatility (ann.) | 75.7% | 52.2% |
| Beta vs S&P 500 | -4.54 | 1.11 |
| Max drawdown (3Y) | -97.6% | -55.8% |
| Market cap | – | $0.9B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | LUCK |
|---|---|---|
| 2022 | +52.2% | +49.4% |
| 2023 | -90.1% | +5.0% |
| 2024 | -76.6% | -28.0% |
| 2025 | -61.4% | -13.2% |
| 2026 | -49.5% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and LUCK good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and LUCK?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.05 over the last year and -0.16 over 5 years.
Is LUCK a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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
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Related comparisons
Hubs: FNGD correlations · LUCK correlations
