FNGD vs UUUU: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Energy Fuels Inc (UUUU) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and UUUU?
Across a 3-year window, the weekly returns of FNGD and UUUU correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.26 over 3 years. Stretching to 5 years gives -0.31, with an annualized covariance of -1365.7 %².
Within FNGD's tracked universe of 1743 assets, UUUU comes in at #549 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UUUU outperformed by 93.8 percentage points (-55.7% for FNGD against +38.1% for UUUU).
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 UUUU: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | UUUU (Energy Fuels Inc) | |
|---|---|---|
| 1-year return | -55.7% | +38.1% |
| 5-year return | -99.4% | +207.4% |
| Volatility (ann.) | 75.7% | 70.3% |
| Beta vs S&P 500 | -4.54 | 1.46 |
| Max drawdown (3Y) | -97.6% | -61.5% |
| Market cap | – | $3.9B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | UUUU |
|---|---|---|
| 2022 | +52.2% | -18.6% |
| 2023 | -90.1% | +15.8% |
| 2024 | -76.6% | -28.7% |
| 2025 | -61.4% | +183.4% |
| 2026 | -49.5% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and UUUU good diversifiers for each other?
Yes. With a correlation of -0.26, FNGD and UUUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and UUUU?
The FNGD/UUUU correlation stands at -0.26 on a 3-year window (1 year: -0.39, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is UUUU a good diversifier for FNGD?
Yes. With a correlation of -0.26, FNGD and UUUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-uuuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-uuuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · UUUU correlations
