FNGD vs PFG: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Principal Financial Group (PFG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PFG?
Across a 3-year window, the weekly returns of FNGD and PFG correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -438.7 %².
By 3-year correlation, PFG places #450 of the 1743 assets tracked against FNGD. The last year tells two different stories: PFG led by 99.6 percentage points, -55.7% for FNGD against +43.9% for PFG. Risk is not evenly split, since FNGD carries 3.3 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 PFG: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | -55.7% | +43.9% |
| 5-year return | -99.4% | +99.7% |
| Volatility (ann.) | 75.7% | 22.9% |
| Beta vs S&P 500 | -4.54 | 0.88 |
| Max drawdown (3Y) | -97.6% | -22.4% |
| Market cap | – | $24.0B |
| P/E (trailing) | 20.6 | 16.0 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FNGD | PFG |
|---|---|---|
| 2022 | +52.2% | +20.1% |
| 2023 | -90.1% | -2.8% |
| 2024 | -76.6% | +1.9% |
| 2025 | -61.4% | +18.4% |
| 2026 | -49.5% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PFG good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and PFG?
As of 2026-08-27, the correlation of weekly returns between FNGD and PFG is -0.25 over 3 years, -0.20 over 1 year and -0.33 over 5 years.
Is PFG a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · PFG correlations
