FNGD vs SEAT: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vivid Seats Inc. (SEAT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and SEAT?
Over the past 3 years, FNGD and SEAT moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1512.8 %².
By 3-year correlation, SEAT places #536 of the 1743 assets tracked against FNGD. Over the last 12 months FNGD came out ahead by 8.2 percentage points (-55.7% against -63.9%).
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 SEAT: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SEAT (Vivid Seats Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -63.9% |
| 5-year return | -99.4% | -97.6% |
| Volatility (ann.) | 75.7% | 78.2% |
| Beta vs S&P 500 | -4.54 | 1.59 |
| Max drawdown (3Y) | -97.6% | -96.9% |
| 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 | SEAT |
|---|---|---|
| 2022 | +52.2% | -32.9% |
| 2023 | -90.1% | -13.4% |
| 2024 | -76.6% | -26.7% |
| 2025 | -61.4% | -92.2% |
| 2026 | -49.5% | -13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SEAT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and SEAT?
The FNGD/SEAT correlation stands at -0.26 on a 3-year window (1 year: -0.40, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is SEAT a good diversifier for FNGD?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-seat.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-seat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · SEAT correlations
