FNGD vs TRMB: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Trimble Inc. (TRMB) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and TRMB?
Across a 3-year window, the weekly returns of FNGD and TRMB correlate at -0.44, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.56, with an annualized covariance of -1030.2 %².
By 3-year correlation, TRMB places #1487 of the 1743 assets tracked against FNGD. The last year tells two different stories: TRMB led by 30.6 percentage points, -55.7% for FNGD against -25.1% for TRMB. Note the risk asymmetry: FNGD runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TRMB: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -25.1% |
| 5-year return | -99.4% | -35.7% |
| Volatility (ann.) | 75.7% | 30.9% |
| Beta vs S&P 500 | -4.54 | 1.13 |
| Max drawdown (3Y) | -97.6% | -42.7% |
| Market cap | – | $14.3B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FNGD | TRMB |
|---|---|---|
| 2022 | +52.2% | -42.0% |
| 2023 | -90.1% | +5.2% |
| 2024 | -76.6% | +32.8% |
| 2025 | -61.4% | +10.9% |
| 2026 | -49.5% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and TRMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and TRMB?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.36 over the last year and -0.56 over 5 years.
Is TRMB a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · TRMB correlations
