FNGD vs PMTS: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and CPI Card Group Inc. (PMTS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PMTS?
Across a 3-year window, the weekly returns of FNGD and PMTS correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.20, with an annualized covariance of -1195.4 %².
Among the 1743 assets we track against FNGD, PMTS ranks #361 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PMTS outperformed by 142.2 percentage points (-55.7% for FNGD against +86.5% for PMTS).
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 PMTS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PMTS (CPI Card Group Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +86.5% |
| 5-year return | -99.4% | +3.4% |
| Volatility (ann.) | 75.7% | 65.4% |
| Beta vs S&P 500 | -4.54 | 1.51 |
| Max drawdown (3Y) | -97.6% | -67.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | 20.6 | 25.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | PMTS |
|---|---|---|
| 2022 | +52.2% | +94.5% |
| 2023 | -90.1% | -46.8% |
| 2024 | -76.6% | +55.8% |
| 2025 | -61.4% | -50.9% |
| 2026 | -49.5% | +97.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PMTS good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and PMTS?
The FNGD/PMTS correlation stands at -0.24 on a 3-year window (1 year: -0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is PMTS a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-pmts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-pmts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · PMTS correlations
