FNGD vs VNT: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vontier Corporation (VNT) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VNT?
Over the past 3 years, FNGD and VNT moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.34 over 3 years. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -795.7 %².
Among the 1743 assets we track against FNGD, VNT ranks #1115 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VNT ahead by 32.1 points (-55.7% versus -23.6%). One caveat on sizing: FNGD is 2.4 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 VNT: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | -55.7% | -23.6% |
| 5-year return | -99.4% | -7.6% |
| Volatility (ann.) | 75.7% | 31.1% |
| Beta vs S&P 500 | -4.54 | 1.13 |
| Max drawdown (3Y) | -97.6% | -38.4% |
| Market cap | – | $4.5B |
| P/E (trailing) | 20.6 | 14.0 |
| Dividend yield | 0.00% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VNT |
|---|---|---|
| 2022 | +52.2% | -36.8% |
| 2023 | -90.1% | +79.3% |
| 2024 | -76.6% | +5.8% |
| 2025 | -61.4% | +2.2% |
| 2026 | -49.5% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and VNT?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.03 over the last year and -0.41 over 5 years.
Is VNT a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · VNT correlations
