FNGD vs PTC: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and PTC Inc. (PTC) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and PTC?
Across a 3-year window, the weekly returns of FNGD and PTC correlate at -0.46, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.46 over 3. Stretching to 5 years gives -0.46, with an annualized covariance of -1000.7 %².
Among the 1743 assets we track against FNGD, PTC ranks #1517 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PTC ahead by 29.1 points (-55.7% versus -26.6%). One caveat on sizing: FNGD is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PTC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | PTC (PTC Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -26.6% |
| 5-year return | -99.4% | +20.0% |
| Volatility (ann.) | 75.7% | 28.8% |
| Beta vs S&P 500 | -4.54 | 1.02 |
| Max drawdown (3Y) | -97.6% | -48.1% |
| Market cap | – | $17.2B |
| P/E (trailing) | 20.6 | 14.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FNGD | PTC |
|---|---|---|
| 2022 | +52.2% | -0.9% |
| 2023 | -90.1% | +45.8% |
| 2024 | -76.6% | +5.1% |
| 2025 | -61.4% | -5.3% |
| 2026 | -49.5% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and PTC good diversifiers for each other?
Yes. With a correlation of -0.46, FNGD and PTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and PTC?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.37 over the last year and -0.46 over 5 years.
Is PTC a good diversifier for FNGD?
Yes. With a correlation of -0.46, FNGD and PTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-ptc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-ptc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · PTC correlations
