FNGD vs NSSC: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and NAPCO Security Technologies, Inc. (NSSC) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and NSSC?
Over the past 3 years, FNGD and NSSC moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.35). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1374.5 %².
By 3-year correlation, NSSC places #1148 of the 1743 assets tracked against FNGD. Correlation aside, the last 12 months split them widely, with NSSC ahead by 48.9 points (-55.7% versus -6.8%).
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 NSSC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | NSSC (NAPCO Security Technologies, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -6.8% |
| 5-year return | -99.4% | +91.1% |
| Volatility (ann.) | 75.7% | 51.3% |
| Beta vs S&P 500 | -4.54 | 1.46 |
| Max drawdown (3Y) | -97.6% | -65.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | 20.6 | 29.6 |
| Dividend yield | 0.00% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | NSSC |
|---|---|---|
| 2022 | +52.2% | +10.0% |
| 2023 | -90.1% | +25.6% |
| 2024 | -76.6% | +5.0% |
| 2025 | -61.4% | +19.2% |
| 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 NSSC good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and NSSC?
As of 2026-08-27, the correlation of weekly returns between FNGD and NSSC is -0.35 over 3 years, -0.23 over 1 year and -0.37 over 5 years.
Is NSSC a good diversifier for FNGD?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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-nssc.json
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Related comparisons
Hubs: FNGD correlations · NSSC correlations
