FNGD vs MAR: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Marriott International (MAR) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and MAR?
Across a 3-year window, the weekly returns of FNGD and MAR correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.41, with an annualized covariance of -730.8 %².
By 3-year correlation, MAR places #1320 of the 1743 assets tracked against FNGD. Correlation aside, the last 12 months split them widely, with MAR ahead by 88.0 points (-55.7% versus +32.3%). One caveat on sizing: FNGD is 3.1 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 MAR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | MAR (Marriott International) | |
|---|---|---|
| 1-year return | -55.7% | +32.3% |
| 5-year return | -99.4% | +173.2% |
| Volatility (ann.) | 75.7% | 24.6% |
| Beta vs S&P 500 | -4.54 | 0.97 |
| Max drawdown (3Y) | -97.6% | -30.5% |
| Market cap | – | $92.3B |
| P/E (trailing) | 20.6 | 36.7 |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FNGD | MAR |
|---|---|---|
| 2022 | +52.2% | -9.3% |
| 2023 | -90.1% | +53.1% |
| 2024 | -76.6% | +24.9% |
| 2025 | -61.4% | +12.3% |
| 2026 | -49.5% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and MAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and MAR?
The FNGD/MAR correlation stands at -0.39 on a 3-year window (1 year: 0.07, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is MAR a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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-mar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-mar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · MAR correlations
