FNGD vs VUZI: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Vuzix Corporation (VUZI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VUZI?
On 3 years of weekly data the FNGD/VUZI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.25 over 3. The 5-year figure is -0.35, and annualized covariance runs at -2041.6 %².
By 3-year correlation, VUZI places #468 of the 1743 assets tracked against FNGD. Their recent paths diverged sharply: over the last 12 months VUZI outperformed by 81.7 percentage points (-55.7% for FNGD against +26.0% for VUZI).
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 VUZI: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VUZI (Vuzix Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +26.0% |
| 5-year return | -99.4% | -79.1% |
| Volatility (ann.) | 75.7% | 108.2% |
| Beta vs S&P 500 | -4.54 | 2.21 |
| Max drawdown (3Y) | -97.6% | -79.6% |
| Market cap | – | $0.2B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | VUZI |
|---|---|---|
| 2022 | +52.2% | -58.0% |
| 2023 | -90.1% | -42.6% |
| 2024 | -76.6% | +88.5% |
| 2025 | -61.4% | -4.1% |
| 2026 | -49.5% | -30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VUZI 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 VUZI?
The FNGD/VUZI correlation stands at -0.25 on a 3-year window (1 year: -0.26, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VUZI 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.
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Related comparisons
Hubs: FNGD correlations · VUZI correlations
