FNGD vs VRT: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vertiv (VRT) show a negative relationship: their 3-year correlation of weekly returns is -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VRT?
Across a 3-year window, the weekly returns of FNGD and VRT correlate at -0.60, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.31 versus -0.60 over 3 years. Stretching to 5 years gives -0.54, with an annualized covariance of -2577.5 %².
By 3-year correlation, VRT places #1675 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months VRT outperformed by 164.2 percentage points (-55.7% for FNGD against +108.5% for VRT).
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 VRT: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | -55.7% | +108.5% |
| 5-year return | -99.4% | +847.7% |
| Volatility (ann.) | 75.7% | 57.1% |
| Beta vs S&P 500 | -4.54 | 2.36 |
| Max drawdown (3Y) | -97.6% | -61.3% |
| Market cap | – | $103.7B |
| P/E (trailing) | 20.6 | 59.6 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FNGD | VRT |
|---|---|---|
| 2022 | +52.2% | -45.3% |
| 2023 | -90.1% | +251.8% |
| 2024 | -76.6% | +136.8% |
| 2025 | -61.4% | +42.8% |
| 2026 | -49.5% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VRT good diversifiers for each other?
Yes. With a correlation of -0.60, FNGD and VRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and VRT?
As of 2026-08-27, the correlation of weekly returns between FNGD and VRT is -0.60 over 3 years, -0.31 over 1 year and -0.54 over 5 years.
Is VRT a good diversifier for FNGD?
Yes. With a correlation of -0.60, FNGD and VRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.60 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-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · VRT correlations
