FNGD vs SYM: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Symbotic Inc. (SYM) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and SYM?
Over the past 3 years, FNGD and SYM moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.21) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2125.3 %².
Within FNGD's tracked universe of 1743 assets, SYM comes in at #992 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SYM outperformed by 41.9 percentage points (-55.7% for FNGD against -13.8% for SYM).
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 SYM: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | SYM (Symbotic Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -13.8% |
| 5-year return | -99.4% | +324.6% |
| Volatility (ann.) | 75.7% | 86.6% |
| Beta vs S&P 500 | -4.54 | 2.49 |
| Max drawdown (3Y) | -97.6% | -69.9% |
| Market cap | – | $24.9B |
| P/E (trailing) | 20.6 | 1028.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | SYM |
|---|---|---|
| 2022 | +52.2% | +19.4% |
| 2023 | -90.1% | +329.9% |
| 2024 | -76.6% | -53.8% |
| 2025 | -61.4% | +150.9% |
| 2026 | -49.5% | -30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and SYM good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and SYM?
The FNGD/SYM correlation stands at -0.32 on a 3-year window (1 year: -0.21, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is SYM a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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-sym.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-sym/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · SYM correlations
