FNGD vs STK: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Columbia Seligman Premium Technology Growth Fund Inc (STK) carry a correlation of -0.78, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and STK?
On 3 years of weekly data the FNGD/STK correlation comes out at -0.78, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.77 lands near the 3-year figure. The 5-year figure is -0.78, and annualized covariance runs at -1559.5 %².
Among the 1743 assets we track against FNGD, STK ranks #1721 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STK ahead by 132.5 points (-55.7% versus +76.8%). One caveat on sizing: FNGD is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 STK: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | STK (Columbia Seligman Premium Technology Growth Fund Inc) | |
|---|---|---|
| 1-year return | -55.7% | +76.8% |
| 5-year return | -99.4% | +153.2% |
| Volatility (ann.) | 75.7% | 26.4% |
| Beta vs S&P 500 | -4.54 | 1.51 |
| Max drawdown (3Y) | -97.6% | -26.6% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | STK |
|---|---|---|
| 2022 | +52.2% | -30.4% |
| 2023 | -90.1% | +49.2% |
| 2024 | -76.6% | +17.7% |
| 2025 | -61.4% | +24.9% |
| 2026 | -49.5% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and STK good diversifiers for each other?
Yes: at -0.78, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and STK?
Using weekly returns as of 2026-08-27: -0.78 over 3 years, with -0.77 over the last year and -0.78 over 5 years.
Is STK a good diversifier for FNGD?
Yes: at -0.78, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.78 mean?
A reading of -0.78 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-stk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-stk/)
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Related comparisons
Hubs: FNGD correlations · STK correlations
