FNGD vs VRTS: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Virtus Investment Partners, Inc. (VRTS) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VRTS?
On 3 years of weekly data the FNGD/VRTS correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.28). The 5-year figure is -0.47, and annualized covariance runs at -649.7 %².
By 3-year correlation, VRTS places #743 of the 1743 assets tracked against FNGD. The last year tells two different stories: VRTS led by 43.9 percentage points, -55.7% for FNGD against -11.8% for VRTS. Note the risk asymmetry: FNGD runs 2.5 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 VRTS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VRTS (Virtus Investment Partners, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | -11.8% |
| 5-year return | -99.4% | -34.1% |
| Volatility (ann.) | 75.7% | 30.7% |
| Beta vs S&P 500 | -4.54 | 1.03 |
| Max drawdown (3Y) | -97.6% | -46.6% |
| Market cap | – | $1.1B |
| P/E (trailing) | 20.6 | 9.5 |
| Dividend yield | 0.00% | 5.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VRTS |
|---|---|---|
| 2022 | +52.2% | -33.5% |
| 2023 | -90.1% | +30.9% |
| 2024 | -76.6% | -5.6% |
| 2025 | -61.4% | -22.1% |
| 2026 | -49.5% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VRTS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and VRTS?
As of 2026-08-27, the correlation of weekly returns between FNGD and VRTS is -0.28 over 3 years, -0.17 over 1 year and -0.47 over 5 years.
Is VRTS a good diversifier for FNGD?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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-vrts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-vrts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNGD correlations · VRTS correlations
