FNGD vs SNTI: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Senti Biosciences Holdings, Inc. (SNTI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and SNTI?
Across a 3-year window, the weekly returns of FNGD and SNTI correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.20, with an annualized covariance of -2865.6 %².
Within FNGD's tracked universe of 1743 assets, SNTI comes in at #638 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FNGD ahead by 20.1 points (-55.7% versus -75.8%). Risk is not evenly split, since SNTI carries 1.9 times the volatility of the other side.
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 SNTI: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SNTI (Senti Biosciences Holdings, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -75.8% |
| 5-year return | -99.4% | -99.6% |
| Volatility (ann.) | 75.7% | 140.6% |
| Beta vs S&P 500 | -4.54 | 2.02 |
| Max drawdown (3Y) | -97.6% | -96.6% |
| 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 | SNTI |
|---|---|---|
| 2022 | +52.2% | -85.7% |
| 2023 | -90.1% | -53.2% |
| 2024 | -76.6% | -46.8% |
| 2025 | -61.4% | -70.4% |
| 2026 | -49.5% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SNTI good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and SNTI?
The FNGD/SNTI correlation stands at -0.27 on a 3-year window (1 year: -0.20, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is SNTI a good diversifier for FNGD?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-snti.json
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[](https://www.pairbook.io/pair/fngd-vs-snti/)
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Related comparisons
Hubs: FNGD correlations · SNTI correlations
