FNGD vs TRIP: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and TripAdvisor, Inc. (TRIP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and TRIP?
On 3 years of weekly data the FNGD/TRIP correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.23 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -963.0 %².
By 3-year correlation, TRIP places #290 of the 1743 assets tracked against FNGD. On 12-month performance TRIP holds a 12.9-point edge, -55.7% against -42.8%.
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 TRIP: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | TRIP (TripAdvisor, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -42.8% |
| 5-year return | -99.4% | -71.6% |
| Volatility (ann.) | 75.7% | 54.5% |
| Beta vs S&P 500 | -4.54 | 1.14 |
| Max drawdown (3Y) | -97.6% | -67.6% |
| Market cap | – | $1.1B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | TRIP |
|---|---|---|
| 2022 | +52.2% | -34.0% |
| 2023 | -90.1% | +19.7% |
| 2024 | -76.6% | -31.4% |
| 2025 | -61.4% | -1.4% |
| 2026 | -49.5% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and TRIP good diversifiers for each other?
Yes. With a correlation of -0.23, FNGD and TRIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and TRIP?
As of 2026-08-27, the correlation of weekly returns between FNGD and TRIP is -0.23 over 3 years, -0.07 over 1 year and -0.29 over 5 years.
Is TRIP a good diversifier for FNGD?
Yes. With a correlation of -0.23, FNGD and TRIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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-trip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-trip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · TRIP correlations
