FNGD vs WSFS: Correlation
Measured on weekly returns over the past three years, MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and WSFS Financial Corporation (WSFS) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and WSFS?
Over the past 3 years, FNGD and WSFS moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.08 versus -0.19 over 3 years. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -436.9 %².
By 3-year correlation, WSFS places #70 of the 1743 assets tracked against FNGD. The last year tells two different stories: WSFS led by 89.7 percentage points, -55.7% for FNGD against +34.0% for WSFS. One caveat on sizing: FNGD is 2.5 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 WSFS: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | WSFS (WSFS Financial Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +34.0% |
| 5-year return | -99.4% | +85.9% |
| Volatility (ann.) | 75.7% | 29.9% |
| Beta vs S&P 500 | -4.54 | 0.89 |
| Max drawdown (3Y) | -97.6% | -24.7% |
| Market cap | – | $4.0B |
| P/E (trailing) | 20.6 | 13.2 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | WSFS |
|---|---|---|
| 2022 | +52.2% | -8.4% |
| 2023 | -90.1% | +2.9% |
| 2024 | -76.6% | +17.1% |
| 2025 | -61.4% | +5.2% |
| 2026 | -49.5% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and WSFS good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and WSFS?
As of 2026-08-27, the correlation of weekly returns between FNGD and WSFS is -0.19 over 3 years, 0.08 over 1 year and -0.23 over 5 years.
Is WSFS a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-wsfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-wsfs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · WSFS correlations
