FNGD vs TTC: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Toro Company (The) (TTC) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and TTC?
On 3 years of weekly data the FNGD/TTC correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.30). The 5-year figure is -0.37, and annualized covariance runs at -697.1 %².
Among the 1743 assets we track against FNGD, TTC ranks #871 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TTC outperformed by 78.5 percentage points (-55.7% for FNGD against +22.8% for TTC). Risk is not evenly split, since FNGD carries 2.4 times the volatility of the other side.
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 TTC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | TTC (Toro Company (The)) | |
|---|---|---|
| 1-year return | -55.7% | +22.8% |
| 5-year return | -99.4% | -3.5% |
| Volatility (ann.) | 75.7% | 31.1% |
| Beta vs S&P 500 | -4.54 | 0.98 |
| Max drawdown (3Y) | -97.6% | -36.9% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | 28.9 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | TTC |
|---|---|---|
| 2022 | +52.2% | +14.9% |
| 2023 | -90.1% | -14.0% |
| 2024 | -76.6% | -15.2% |
| 2025 | -61.4% | +0.3% |
| 2026 | -49.5% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and TTC good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and TTC?
The FNGD/TTC correlation stands at -0.30 on a 3-year window (1 year: -0.08, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is TTC a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-ttc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-ttc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · TTC correlations
