FNGD vs VYGR: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and Voyager Therapeutics, Inc. (VYGR) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and VYGR?
Across a 3-year window, the weekly returns of FNGD and VYGR correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.24, with an annualized covariance of -1130.5 %².
Among the 1743 assets we track against FNGD, VYGR ranks #469 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VYGR ahead by 56.9 points (-55.7% versus +1.2%).
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 VYGR: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -55.7% | +1.2% |
| 5-year return | -99.4% | +7.5% |
| Volatility (ann.) | 75.7% | 60.2% |
| Beta vs S&P 500 | -4.54 | 1.35 |
| Max drawdown (3Y) | -97.6% | -74.8% |
| 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 | VYGR |
|---|---|---|
| 2022 | +52.2% | +125.1% |
| 2023 | -90.1% | +38.4% |
| 2024 | -76.6% | -32.8% |
| 2025 | -61.4% | -30.7% |
| 2026 | -49.5% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and VYGR 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 VYGR?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.31 over the last year and -0.24 over 5 years.
Is VYGR 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?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: FNGD correlations · VYGR correlations
