FNGD vs VRSN: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Verisign (VRSN) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VRSN?
On 3 years of weekly data the FNGD/VRSN correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.25 over 3. The 5-year figure is -0.41, and annualized covariance runs at -433.8 %².
Among the 1743 assets we track against FNGD, VRSN ranks #467 by 3-year correlation. The last year tells two different stories: VRSN led by 65.3 percentage points, -55.7% for FNGD against +9.6% for VRSN. Risk is not evenly split, since FNGD carries 3.3 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 VRSN: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VRSN (Verisign) | |
|---|---|---|
| 1-year return | -55.7% | +9.6% |
| 5-year return | -99.4% | +38.8% |
| Volatility (ann.) | 75.7% | 23.1% |
| Beta vs S&P 500 | -4.54 | 0.50 |
| Max drawdown (3Y) | -97.6% | -30.2% |
| Market cap | – | $26.6B |
| P/E (trailing) | 20.6 | 31.9 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FNGD | VRSN |
|---|---|---|
| 2022 | +52.2% | -19.1% |
| 2023 | -90.1% | +0.3% |
| 2024 | -76.6% | +0.5% |
| 2025 | -61.4% | +18.4% |
| 2026 | -49.5% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VRSN good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and VRSN?
The FNGD/VRSN correlation stands at -0.25 on a 3-year window (1 year: -0.17, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VRSN a good diversifier for FNGD?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-vrsn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-vrsn/)
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Related comparisons
Hubs: FNGD correlations · VRSN correlations
