FNGD vs VOXR: Correlation
How closely do MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vox Royalty Corp. (VOXR) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VOXR?
Across a 3-year window, the weekly returns of FNGD and VOXR correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.19, with an annualized covariance of -603.1 %².
Within FNGD's tracked universe of 1743 assets, VOXR comes in at #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VOXR ahead by 116.8 points (-55.7% versus +61.1%). Risk is not evenly split, since FNGD carries 1.7 times the volatility of the other side.
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 VOXR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | -55.7% | +61.1% |
| 5-year return | -99.4% | +197.9% |
| Volatility (ann.) | 75.7% | 43.7% |
| Beta vs S&P 500 | -4.54 | 0.63 |
| Max drawdown (3Y) | -97.6% | -35.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | 20.6 | 8.3 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VOXR |
|---|---|---|
| 2022 | +52.2% | -14.8% |
| 2023 | -90.1% | -9.9% |
| 2024 | -76.6% | +15.8% |
| 2025 | -61.4% | +105.5% |
| 2026 | -49.5% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VOXR good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and VOXR?
The FNGD/VOXR correlation stands at -0.18 on a 3-year window (1 year: -0.37, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VOXR a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · VOXR correlations
