FNGD vs PERF: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Perfect Corp. Class A (PERF) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PERF?
On 3 years of weekly data the FNGD/PERF correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -978.0 %².
By 3-year correlation, PERF places #274 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months PERF outperformed by 44.4 percentage points (-55.7% for FNGD against -11.3% for PERF).
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 PERF: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PERF (Perfect Corp. Class A) | |
|---|---|---|
| 1-year return | -55.7% | -11.3% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 75.7% | 56.3% |
| Beta vs S&P 500 | -4.54 | 0.93 |
| Max drawdown (3Y) | -97.6% | -67.5% |
| Market cap | – | $0.2B |
| 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 | PERF |
|---|---|---|
| 2022 | +52.2% | – |
| 2023 | -90.1% | -56.6% |
| 2024 | -76.6% | -8.7% |
| 2025 | -61.4% | -36.0% |
| 2026 | -49.5% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PERF 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 PERF?
The FNGD/PERF correlation stands at -0.23 on a 3-year window (1 year: -0.14, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is PERF 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-perf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-perf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · PERF correlations
