FNGD vs VMRK: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vivmark Residential (VMRK) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VMRK?
Over the past 3 years, FNGD and VMRK moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.16). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -235.6 %².
Among the 1743 assets we track against FNGD, VMRK ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VMRK ahead by 60.8 points (-55.7% versus +5.1%). Note the risk asymmetry: FNGD runs 3.8 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 VMRK: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VMRK (Vivmark Residential) | |
|---|---|---|
| 1-year return | -55.7% | +5.1% |
| 5-year return | -99.4% | -5.5% |
| Volatility (ann.) | 75.7% | 19.7% |
| Beta vs S&P 500 | -4.54 | 0.57 |
| Max drawdown (3Y) | -97.6% | -21.2% |
| Market cap | – | $26.1B |
| P/E (trailing) | 20.6 | 25.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | FNGD | VMRK |
|---|---|---|
| 2022 | +52.2% | -32.5% |
| 2023 | -90.1% | +8.3% |
| 2024 | -76.6% | +20.8% |
| 2025 | -61.4% | -8.6% |
| 2026 | -49.5% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VMRK good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and VMRK?
The FNGD/VMRK correlation stands at -0.16 on a 3-year window (1 year: 0.17, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VMRK a good diversifier for FNGD?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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-vmrk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-vmrk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · VMRK correlations
