FNGD vs MRKR: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Marker Therapeutics, Inc. (MRKR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and MRKR?
Over the past 3 years, FNGD and MRKR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1549.1 %².
Among the 1743 assets we track against FNGD, MRKR ranks #258 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRKR outperformed by 111.0 percentage points (-55.7% for FNGD against +55.3% for MRKR).
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 MRKR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | MRKR (Marker Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +55.3% |
| 5-year return | -99.4% | -92.3% |
| Volatility (ann.) | 75.7% | 88.6% |
| Beta vs S&P 500 | -4.54 | 1.92 |
| Max drawdown (3Y) | -97.6% | -86.2% |
| 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 | MRKR |
|---|---|---|
| 2022 | +52.2% | -71.6% |
| 2023 | -90.1% | +103.7% |
| 2024 | -76.6% | -43.5% |
| 2025 | -61.4% | -52.1% |
| 2026 | -49.5% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and MRKR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and MRKR?
As of 2026-08-27, the correlation of weekly returns between FNGD and MRKR is -0.23 over 3 years, -0.22 over 1 year and -0.14 over 5 years.
Is MRKR a good diversifier for FNGD?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-mrkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-mrkr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · MRKR correlations
