FNGD vs VIG: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vanguard Dividend Appreciation ETF (VIG) show a negative relationship: their 3-year correlation of weekly returns is -0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VIG?
Over the past 3 years, FNGD and VIG moved with a correlation of -0.64, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.48) runs above the 3-year figure (-0.64). Over 5 years the correlation is -0.66, and the annualized covariance of weekly returns is -573.6 %².
Among the 1743 assets we track against FNGD, VIG ranks #1690 by 3-year correlation. The last year tells two different stories: VIG led by 72.8 percentage points, -55.7% for FNGD against +17.1% for VIG. One caveat on sizing: FNGD is 6.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VIG: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -55.7% | +17.1% |
| 5-year return | -99.4% | +64.0% |
| Volatility (ann.) | 75.7% | 11.9% |
| Beta vs S&P 500 | -4.54 | 0.74 |
| Max drawdown (3Y) | -97.6% | -15.0% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | US Listed | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | FNGD | VIG |
|---|---|---|
| 2022 | +52.2% | -9.8% |
| 2023 | -90.1% | +14.5% |
| 2024 | -76.6% | +17.0% |
| 2025 | -61.4% | +14.2% |
| 2026 | -49.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VIG good diversifiers for each other?
Yes. With a correlation of -0.64, FNGD and VIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and VIG?
Using weekly returns as of 2026-08-27: -0.64 over 3 years, with -0.48 over the last year and -0.66 over 5 years.
Is VIG a good diversifier for FNGD?
Yes. With a correlation of -0.64, FNGD and VIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.64 mean?
A reading of -0.64 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-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · VIG correlations
