FNGD vs NXPI: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and NXP Semiconductors (NXPI) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and NXPI?
Across a 3-year window, the weekly returns of FNGD and NXPI correlate at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.26) runs above the 3-year figure (-0.45). Stretching to 5 years gives -0.52, with an annualized covariance of -1351.2 %².
By 3-year correlation, NXPI places #1504 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months NXPI outperformed by 52.4 percentage points (-55.7% for FNGD against -3.3% for NXPI). Risk is not evenly split, since FNGD carries 1.9 times the volatility of the other side.
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 NXPI: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | -55.7% | -3.3% |
| 5-year return | -99.4% | +8.6% |
| Volatility (ann.) | 75.7% | 39.9% |
| Beta vs S&P 500 | -4.54 | 1.53 |
| Max drawdown (3Y) | -97.6% | -46.5% |
| Market cap | – | $57.0B |
| P/E (trailing) | 20.6 | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FNGD | NXPI |
|---|---|---|
| 2022 | +52.2% | -29.2% |
| 2023 | -90.1% | +48.4% |
| 2024 | -76.6% | -8.0% |
| 2025 | -61.4% | +6.4% |
| 2026 | -49.5% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and NXPI good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and NXPI?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.26 over the last year and -0.52 over 5 years.
Is NXPI a good diversifier for FNGD?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · NXPI correlations
