FNGO vs JSPR: Correlation
How closely do MicroSectors FANG Index 2X Leveraged ETNs due January 8 (FNGO) and Jasper Therapeutics, Inc. (JSPR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGO and JSPR?
On 3 years of weekly data the FNGO/JSPR correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 2164.6 %².
By 3-year correlation, JSPR places #27 of the 35 assets tracked against FNGO. Correlation aside, the last 12 months split them widely, with FNGO ahead by 109.6 points (+33.7% versus -75.9%). Risk is not evenly split, since JSPR carries 2.2 times the volatility of the other side.
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.
FNGO vs JSPR: side by side
| FNGO (MicroSectors FANG Index 2X Leveraged ETNs due January 8) | JSPR (Jasper Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +33.7% | -75.9% |
| 5-year return | +220.3% | -99.3% |
| Volatility (ann.) | 51.9% | 114.2% |
| Beta vs S&P 500 | 3.12 | 2.78 |
| Max drawdown (3Y) | -47.6% | -98.9% |
| Market cap | – | – |
| P/E (trailing) | 30.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGO | JSPR |
|---|---|---|
| 2022 | -71.6% | -93.8% |
| 2023 | +240.1% | +63.4% |
| 2024 | +101.7% | +171.0% |
| 2025 | +25.5% | -91.4% |
| 2026 | +30.1% | -61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGO and JSPR good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNGO and JSPR?
As of 2026-08-27, the correlation of weekly returns between FNGO and JSPR is 0.37 over 3 years, 0.35 over 1 year and 0.25 over 5 years.
Is JSPR a good diversifier for FNGO?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/fngo-vs-jspr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fngo-vs-jspr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGO correlations · JSPR correlations
