FNGD vs VAC: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Marriott Vacations Worldwide Corporation (VAC) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VAC?
Over the past 3 years, FNGD and VAC moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.40 over 1 year against -0.32 over 3. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1106.3 %².
Among the 1743 assets we track against FNGD, VAC ranks #997 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VAC outperformed by 104.2 percentage points (-55.7% for FNGD against +48.5% for VAC). Note the risk asymmetry: FNGD runs 1.6 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 VAC: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VAC (Marriott Vacations Worldwide Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +48.5% |
| 5-year return | -99.4% | -13.2% |
| Volatility (ann.) | 75.7% | 46.3% |
| Beta vs S&P 500 | -4.54 | 1.45 |
| Max drawdown (3Y) | -97.6% | -55.7% |
| Market cap | – | $3.8B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VAC |
|---|---|---|
| 2022 | +52.2% | -18.9% |
| 2023 | -90.1% | -35.2% |
| 2024 | -76.6% | +9.6% |
| 2025 | -61.4% | -32.7% |
| 2026 | -49.5% | +97.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VAC good diversifiers for each other?
Yes. With a correlation of -0.32, FNGD and VAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and VAC?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.40 over the last year and -0.35 over 5 years.
Is VAC a good diversifier for FNGD?
Yes. With a correlation of -0.32, FNGD and VAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-vac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-vac/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · VAC correlations
