FNGD vs PGEN: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Precigen, Inc. (PGEN) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PGEN?
Across a 3-year window, the weekly returns of FNGD and PGEN correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.18 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -1298.1 %².
Within FNGD's tracked universe of 1743 assets, PGEN comes in at #32 by 3-year correlation. The last year tells two different stories: PGEN led by 112.3 percentage points, -55.7% for FNGD against +56.6% for PGEN.
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 PGEN: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PGEN (Precigen, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +56.6% |
| 5-year return | -99.4% | +20.8% |
| Volatility (ann.) | 75.7% | 92.8% |
| Beta vs S&P 500 | -4.54 | 1.77 |
| Max drawdown (3Y) | -97.6% | -64.4% |
| Market cap | – | $2.6B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | PGEN |
|---|---|---|
| 2022 | +52.2% | -59.0% |
| 2023 | -90.1% | -11.8% |
| 2024 | -76.6% | -16.4% |
| 2025 | -61.4% | +273.2% |
| 2026 | -49.5% | +72.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PGEN good diversifiers for each other?
Yes. With a correlation of -0.18, FNGD and PGEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and PGEN?
As of 2026-08-27, the correlation of weekly returns between FNGD and PGEN is -0.18 over 3 years, -0.07 over 1 year and -0.23 over 5 years.
Is PGEN a good diversifier for FNGD?
Yes. With a correlation of -0.18, FNGD and PGEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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
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Related comparisons
Hubs: FNGD correlations · PGEN correlations
