FNGD vs VT: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vanguard Total World Stock ETF (VT) carry a correlation of -0.79, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VT?
On 3 years of weekly data the FNGD/VT correlation comes out at -0.79, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.74) sits close to the 3-year figure. The 5-year figure is -0.79, and annualized covariance runs at -828.9 %².
By 3-year correlation, VT places #1723 of the 1743 assets tracked against FNGD. Correlation aside, the last 12 months split them widely, with VT ahead by 78.4 points (-55.7% versus +22.7%). Note the risk asymmetry: FNGD runs 5.4 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 VT: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | -55.7% | +22.7% |
| 5-year return | -99.4% | +67.7% |
| Volatility (ann.) | 75.7% | 13.9% |
| Beta vs S&P 500 | -4.54 | 0.92 |
| Max drawdown (3Y) | -97.6% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | FNGD | VT |
|---|---|---|
| 2022 | +52.2% | -18.0% |
| 2023 | -90.1% | +22.0% |
| 2024 | -76.6% | +16.5% |
| 2025 | -61.4% | +22.4% |
| 2026 | -49.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VT good diversifiers for each other?
Yes: at -0.79, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGD and VT?
As of 2026-08-27, the correlation of weekly returns between FNGD and VT is -0.79 over 3 years, -0.74 over 1 year and -0.79 over 5 years.
Is VT a good diversifier for FNGD?
Yes: at -0.79, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.79 mean?
On the −1 to +1 scale, -0.79 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-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngd-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGD correlations · VT correlations
