FNGD vs REKR: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Rekor Systems, Inc. (REKR) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and REKR?
Across a 3-year window, the weekly returns of FNGD and REKR correlate at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -2470.7 %².
By 3-year correlation, REKR places #1101 of the 1743 assets tracked against FNGD. Their 12-month results are close: -55.7% for FNGD against -52.2% for REKR.
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 REKR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | REKR (Rekor Systems, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -52.2% |
| 5-year return | -99.4% | -94.2% |
| Volatility (ann.) | 75.7% | 95.4% |
| Beta vs S&P 500 | -4.54 | 2.31 |
| Max drawdown (3Y) | -97.6% | -86.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | REKR |
|---|---|---|
| 2022 | +52.2% | -81.7% |
| 2023 | -90.1% | +177.5% |
| 2024 | -76.6% | -53.2% |
| 2025 | -61.4% | -11.5% |
| 2026 | -49.5% | -58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and REKR good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and REKR?
The FNGD/REKR correlation stands at -0.34 on a 3-year window (1 year: -0.43, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is REKR a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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-rekr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-rekr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · REKR correlations
