FNGD vs OPRX: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and OptimizeRx Corporation (OPRX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and OPRX?
Across a 3-year window, the weekly returns of FNGD and OPRX correlate at -0.33, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.33 over 3. Stretching to 5 years gives -0.37, with an annualized covariance of -2098.5 %².
Among the 1743 assets we track against FNGD, OPRX ranks #1048 by 3-year correlation. Twelve-month performance is nearly a tie, at -55.7% for FNGD and -55.3% for OPRX.
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 OPRX: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | OPRX (OptimizeRx Corporation) | |
|---|---|---|
| 1-year return | -55.7% | -55.3% |
| 5-year return | -99.4% | -88.3% |
| Volatility (ann.) | 75.7% | 83.6% |
| Beta vs S&P 500 | -4.54 | 2.12 |
| Max drawdown (3Y) | -97.6% | -79.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 20.6 | 31.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | OPRX |
|---|---|---|
| 2022 | +52.2% | -73.0% |
| 2023 | -90.1% | -14.8% |
| 2024 | -76.6% | -66.0% |
| 2025 | -61.4% | +152.3% |
| 2026 | -49.5% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and OPRX good diversifiers for each other?
Yes. With a correlation of -0.33, FNGD and OPRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and OPRX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.28 over the last year and -0.37 over 5 years.
Is OPRX a good diversifier for FNGD?
Yes. With a correlation of -0.33, FNGD and OPRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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-oprx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-oprx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · OPRX correlations
