FNGD vs SCOR: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and comScore, Inc. (SCOR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and SCOR?
Across a 3-year window, the weekly returns of FNGD and SCOR correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -1154.1 %².
Within FNGD's tracked universe of 1743 assets, SCOR comes in at #201 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SCOR ahead by 36.5 points (-55.7% versus -19.2%).
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 SCOR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SCOR (comScore, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -19.2% |
| 5-year return | -99.4% | -93.2% |
| Volatility (ann.) | 75.7% | 69.3% |
| Beta vs S&P 500 | -4.54 | 1.29 |
| Max drawdown (3Y) | -97.6% | -77.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 20.6 | 0.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | SCOR |
|---|---|---|
| 2022 | +52.2% | -65.3% |
| 2023 | -90.1% | -28.0% |
| 2024 | -76.6% | -65.0% |
| 2025 | -61.4% | +11.3% |
| 2026 | -49.5% | -19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SCOR good diversifiers for each other?
Yes. With a correlation of -0.22, FNGD and SCOR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and SCOR?
The FNGD/SCOR correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is SCOR a good diversifier for FNGD?
Yes. With a correlation of -0.22, FNGD and SCOR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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-scor.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-scor/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · SCOR correlations
