FNGD vs RUM: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and RUM Group Inc. (RUM) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and RUM?
On 3 years of weekly data the FNGD/RUM correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.29). The 5-year figure is -0.19, and annualized covariance runs at -2180.4 %².
Within FNGD's tracked universe of 1743 assets, RUM comes in at #796 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RUM ahead by 80.6 points (-55.7% versus +24.9%).
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 RUM: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | RUM (RUM Group Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +24.9% |
| 5-year return | -99.4% | -2.7% |
| Volatility (ann.) | 75.7% | 100.2% |
| Beta vs S&P 500 | -4.54 | 2.14 |
| Max drawdown (3Y) | -97.6% | -71.3% |
| Market cap | – | $4.7B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | RUM |
|---|---|---|
| 2022 | +52.2% | -45.1% |
| 2023 | -90.1% | -24.5% |
| 2024 | -76.6% | +189.8% |
| 2025 | -61.4% | -51.4% |
| 2026 | -49.5% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and RUM good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and RUM?
The FNGD/RUM correlation stands at -0.29 on a 3-year window (1 year: -0.51, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is RUM a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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-rum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-rum/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · RUM correlations
