FNGD vs VICR: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vicor Corporation (VICR) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VICR?
Across a 3-year window, the weekly returns of FNGD and VICR correlate at -0.33, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -1763.2 %².
Within FNGD's tracked universe of 1743 assets, VICR comes in at #1060 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VICR outperformed by 352.5 percentage points (-55.7% for FNGD against +296.8% for VICR).
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 VICR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VICR (Vicor Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +296.8% |
| 5-year return | -99.4% | +65.8% |
| Volatility (ann.) | 75.7% | 71.1% |
| Beta vs S&P 500 | -4.54 | 2.00 |
| Max drawdown (3Y) | -97.6% | -53.9% |
| Market cap | – | $9.4B |
| P/E (trailing) | 20.6 | 65.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VICR |
|---|---|---|
| 2022 | +52.2% | -57.7% |
| 2023 | -90.1% | -16.4% |
| 2024 | -76.6% | +7.5% |
| 2025 | -61.4% | +126.8% |
| 2026 | -49.5% | +85.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VICR good diversifiers for each other?
Yes. With a correlation of -0.33, FNGD and VICR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and VICR?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.39 over the last year and -0.38 over 5 years.
Is VICR a good diversifier for FNGD?
Yes. With a correlation of -0.33, FNGD and VICR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-vicr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-vicr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · VICR correlations
