FNGD vs PRSU: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Pursuit Attractions and Hospitality, Inc. (PRSU) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PRSU?
On 3 years of weekly data the FNGD/PRSU correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.28). The 5-year figure is -0.35, and annualized covariance runs at -826.2 %².
By 3-year correlation, PRSU places #718 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months PRSU outperformed by 88.9 percentage points (-55.7% for FNGD against +33.2% for PRSU). Note the risk asymmetry: FNGD runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PRSU: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PRSU (Pursuit Attractions and Hospitality, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +33.2% |
| 5-year return | -99.4% | +15.6% |
| Volatility (ann.) | 75.7% | 38.8% |
| Beta vs S&P 500 | -4.54 | 1.24 |
| Max drawdown (3Y) | -97.6% | -40.2% |
| Market cap | – | $1.4B |
| P/E (trailing) | 20.6 | 33.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | PRSU |
|---|---|---|
| 2022 | +52.2% | -43.0% |
| 2023 | -90.1% | +48.4% |
| 2024 | -76.6% | +17.4% |
| 2025 | -61.4% | -20.8% |
| 2026 | -49.5% | +46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PRSU good diversifiers for each other?
Yes. With a correlation of -0.28, FNGD and PRSU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and PRSU?
As of 2026-08-27, the correlation of weekly returns between FNGD and PRSU is -0.28 over 3 years, -0.03 over 1 year and -0.35 over 5 years.
Is PRSU a good diversifier for FNGD?
Yes. With a correlation of -0.28, FNGD and PRSU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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-prsu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-prsu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · PRSU correlations
