FNGD vs SNES: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and SenesTech, Inc. (SNES) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and SNES?
Over the past 3 years, FNGD and SNES moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1517.3 %².
Among the 1743 assets we track against FNGD, SNES ranks #66 by 3-year correlation. The last year tells two different stories: FNGD led by 21.0 percentage points, -55.7% for FNGD against -76.7% for SNES.
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 SNES: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -76.7% |
| 5-year return | -99.4% | -100.0% |
| Volatility (ann.) | 75.7% | 104.7% |
| Beta vs S&P 500 | -4.54 | 1.31 |
| Max drawdown (3Y) | -97.6% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | SNES |
|---|---|---|
| 2022 | +52.2% | -84.2% |
| 2023 | -90.1% | -96.6% |
| 2024 | -76.6% | -73.9% |
| 2025 | -61.4% | -35.3% |
| 2026 | -49.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SNES good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and SNES?
As of 2026-08-27, the correlation of weekly returns between FNGD and SNES is -0.19 over 3 years, -0.23 over 1 year and -0.21 over 5 years.
Is SNES a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · SNES correlations
