FNGD vs VUG: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vanguard Growth ETF (VUG) carry a correlation of -0.95, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VUG?
On 3 years of weekly data the FNGD/VUG correlation comes out at -0.95, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.93 over 1 year against -0.95 over 3. The 5-year figure is -0.92, and annualized covariance runs at -1392.5 %².
VUG is close to the least connected end of FNGD's tracked universe, ranking #1742 of 1743. Their recent paths diverged sharply: over the last 12 months VUG outperformed by 71.9 percentage points (-55.7% for FNGD against +16.2% for VUG). One caveat on sizing: FNGD is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VUG: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | -55.7% | +16.2% |
| 5-year return | -99.4% | +78.4% |
| Volatility (ann.) | 75.7% | 19.4% |
| Beta vs S&P 500 | -4.54 | 1.28 |
| Max drawdown (3Y) | -97.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | US Listed | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | FNGD | VUG |
|---|---|---|
| 2022 | +52.2% | -33.2% |
| 2023 | -90.1% | +46.8% |
| 2024 | -76.6% | +32.7% |
| 2025 | -61.4% | +19.4% |
| 2026 | -49.5% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VUG good diversifiers for each other?
Yes. With a correlation of -0.95, FNGD and VUG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGD and VUG?
As of 2026-08-27, the correlation of weekly returns between FNGD and VUG is -0.95 over 3 years, -0.93 over 1 year and -0.92 over 5 years.
Is VUG a good diversifier for FNGD?
Yes. With a correlation of -0.95, FNGD and VUG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.95 mean?
A reading of -0.95 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-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngd-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · VUG correlations
