FNGD vs STIM: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Neuronetics, Inc. (STIM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and STIM?
On 3 years of weekly data the FNGD/STIM correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.22 over 3 years. The 5-year figure is -0.26, and annualized covariance runs at -1836.0 %².
Within FNGD's tracked universe of 1743 assets, STIM comes in at #207 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STIM outperformed by 43.8 percentage points (-55.7% for FNGD against -11.9% for STIM).
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 STIM: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | STIM (Neuronetics, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -11.9% |
| 5-year return | -99.4% | -54.7% |
| Volatility (ann.) | 75.7% | 109.2% |
| Beta vs S&P 500 | -4.54 | 1.83 |
| Max drawdown (3Y) | -97.6% | -87.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | STIM |
|---|---|---|
| 2022 | +52.2% | +54.0% |
| 2023 | -90.1% | -57.8% |
| 2024 | -76.6% | -44.5% |
| 2025 | -61.4% | -14.3% |
| 2026 | -49.5% | +114.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and STIM good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and STIM?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.35 over the last year and -0.26 over 5 years.
Is STIM a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FNGD correlations · STIM correlations
