MicroSectors FANG+ 3x Leveraged ETNs due February 17, 2045 (FNGU) — Stock Correlations & Overview
Over the past year, FNGU has moved most closely with FNGO, FNGS, FNGG. Explore the stocks most correlated and inversely correlated with FNGU below, along with its price, financials, and company profile.
Stocks correlated with FNGU
Correlation of daily returns. Higher positive values move with FNGU; negative values move opposite it. Informational only, not investment advice.
Most correlated with FNGU
| Symbol | Company | Correlation |
|---|---|---|
| FNGO | MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | 0.99 |
| FNGS | MicroSectors FANG+ ETNs due January 8, 2038COMMERCIAL BANKS, NEC | 0.99 |
| FNGG | Direxion Daily NYSE FANG+ Bull 2X ETF | 0.97 |
| QGRW | WisdomTree U.S. Quality Growth Fund | 0.92 |
| MGK | Vanguard Morningstar Mega Cap Growth ETF | 0.92 |
Most inversely correlated with FNGU
| Symbol | Company | Correlation |
|---|---|---|
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.99 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.89 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.88 |
| SQQQ | ProShares UltraPro Short QQQ | -0.88 |
| QID | ProShares UltraShort QQQ | -0.88 |
Frequently asked questions about FNGU correlations
- Which stocks are most correlated with FNGU?
- Based on one year of daily returns, the stocks most correlated with MicroSectors FANG+ 3x Leveraged ETNs due February 17, 2045 (FNGU) are FNGO (0.99), FNGS (0.99) and FNGG (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FNGU?
- Over the past year, the stocks most inversely correlated with MicroSectors FANG+ 3x Leveraged ETNs due February 17, 2045 (FNGU) are FNGD (-0.99), BERZ (-0.89) and QQDN (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FNGU correlations calculated?
- We compute the correlation of daily returns between FNGU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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