FNGD vs TTWO: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Take-Two Interactive (TTWO) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and TTWO?
Over the past 3 years, FNGD and TTWO moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.51 lands near the 3-year figure. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -956.8 %².
By 3-year correlation, TTWO places #1522 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months TTWO outperformed by 56.1 percentage points (-55.7% for FNGD against +0.4% for TTWO). Risk is not evenly split, since FNGD carries 2.8 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 TTWO: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | -55.7% | +0.4% |
| 5-year return | -99.4% | +47.3% |
| Volatility (ann.) | 75.7% | 27.3% |
| Beta vs S&P 500 | -4.54 | 0.85 |
| Max drawdown (3Y) | -97.6% | -27.7% |
| Market cap | – | $43.6B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | FNGD | TTWO |
|---|---|---|
| 2022 | +52.2% | -41.4% |
| 2023 | -90.1% | +54.6% |
| 2024 | -76.6% | +14.4% |
| 2025 | -61.4% | +39.1% |
| 2026 | -49.5% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and TTWO 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 TTWO?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.51 over the last year and -0.42 over 5 years.
Is TTWO 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-ttwo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-ttwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · TTWO correlations
