FNGD vs TRU: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and TransUnion (TRU) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and TRU?
Over the past 3 years, FNGD and TRU moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.46). Over 5 years the correlation is -0.51, and the annualized covariance of weekly returns is -1460.6 %².
Among the 1743 assets we track against FNGD, TRU ranks #1521 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRU outperformed by 51.4 percentage points (-55.7% for FNGD against -4.3% for TRU). One caveat on sizing: FNGD is 1.8 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 TRU: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | TRU (TransUnion) | |
|---|---|---|
| 1-year return | -55.7% | -4.3% |
| 5-year return | -99.4% | -27.4% |
| Volatility (ann.) | 75.7% | 41.6% |
| Beta vs S&P 500 | -4.54 | 1.71 |
| Max drawdown (3Y) | -97.6% | -47.3% |
| Market cap | – | $16.2B |
| P/E (trailing) | 20.6 | 22.3 |
| Dividend yield | 0.00% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | TRU |
|---|---|---|
| 2022 | +52.2% | -51.9% |
| 2023 | -90.1% | +21.8% |
| 2024 | -76.6% | +35.6% |
| 2025 | -61.4% | -7.0% |
| 2026 | -49.5% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and TRU good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and TRU?
As of 2026-08-27, the correlation of weekly returns between FNGD and TRU is -0.46 over 3 years, -0.25 over 1 year and -0.51 over 5 years.
Is TRU a good diversifier for FNGD?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-tru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-tru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · TRU correlations
