FNGD vs STXS: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Stereotaxis, Inc. (STXS) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and STXS?
Over the past 3 years, FNGD and STXS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.24). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -958.5 %².
Among the 1743 assets we track against FNGD, STXS ranks #369 by 3-year correlation. Over the last 12 months STXS came out ahead by 6.9 percentage points (-55.7% against -48.8%).
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 STXS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | STXS (Stereotaxis, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -48.8% |
| 5-year return | -99.4% | -76.8% |
| Volatility (ann.) | 75.7% | 51.7% |
| Beta vs S&P 500 | -4.54 | 1.07 |
| Max drawdown (3Y) | -97.6% | -64.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | STXS |
|---|---|---|
| 2022 | +52.2% | -66.6% |
| 2023 | -90.1% | -15.5% |
| 2024 | -76.6% | +30.3% |
| 2025 | -61.4% | +0.9% |
| 2026 | -49.5% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and STXS good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and STXS?
As of 2026-08-27, the correlation of weekly returns between FNGD and STXS is -0.24 over 3 years, -0.45 over 1 year and -0.33 over 5 years.
Is STXS a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-stxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-stxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · STXS correlations
