FNGD vs WYY: Correlation
MicroSectors FANG Index -3X Inverse Leveraged ETNs due (FNGD) and WidePoint Corporation (WYY) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGD and WYY?
Across a 3-year window, the weekly returns of FNGD and WYY correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -1475.1 %².
Within FNGD's tracked universe of 1743 assets, WYY comes in at #381 by 3-year correlation. The last year tells two different stories: WYY led by 172.8 percentage points, -55.7% for FNGD against +117.1% for WYY.
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 WYY: side by side
| FNGD (MicroSectors FANG Index -3X Inverse Leveraged ETNs due) | WYY (WidePoint Corporation) | |
|---|---|---|
| 1-year return | -55.7% | +117.1% |
| 5-year return | -99.4% | +85.8% |
| Volatility (ann.) | 75.7% | 81.3% |
| Beta vs S&P 500 | -4.54 | 1.48 |
| Max drawdown (3Y) | -97.6% | -57.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGD | WYY |
|---|---|---|
| 2022 | +52.2% | -53.7% |
| 2023 | -90.1% | +27.5% |
| 2024 | -76.6% | +108.6% |
| 2025 | -61.4% | +11.0% |
| 2026 | -49.5% | +89.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGD and WYY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGD and WYY?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.20 over the last year and -0.25 over 5 years.
Is WYY a good diversifier for FNGD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngd-vs-wyy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngd-vs-wyy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGD correlations · WYY correlations
