FNGD vs SNFCA: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Security National Financial Corporation (SNFCA) 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 SNFCA?
On 3 years of weekly data the FNGD/SNFCA correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.29 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -768.2 %².
Within FNGD's tracked universe of 1743 assets, SNFCA comes in at #797 by 3-year correlation. The last year tells two different stories: SNFCA led by 60.1 percentage points, -55.7% for FNGD against +4.4% for SNFCA. Note the risk asymmetry: FNGD runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SNFCA: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SNFCA (Security National Financial Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +4.4% |
| 5-year return | -99.4% | +22.0% |
| Volatility (ann.) | 75.7% | 34.6% |
| Beta vs S&P 500 | -4.54 | 1.07 |
| Max drawdown (3Y) | -97.6% | -39.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 20.6 | 6.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | SNFCA |
|---|---|---|
| 2022 | +52.2% | -16.7% |
| 2023 | -90.1% | +29.5% |
| 2024 | -76.6% | +40.4% |
| 2025 | -61.4% | -21.4% |
| 2026 | -49.5% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SNFCA 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 SNFCA?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.09 over the last year and -0.23 over 5 years.
Is SNFCA 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-snfca.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-snfca/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · SNFCA correlations
