Apollo Diversified Credit Securitize Fund vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 280.7× the size of Apollo Diversified Credit Securitize Fund (ACRED) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.6 percentage points (ACRED +0.1% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.34 across 53 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against ACRED's 2%.

Correlation: -0.34
Size ratio: 1 : 280.7
Ahead over 30 days: FIGR_HELOC

Apollo Diversified Credit Securitize FundACRED

$1,111.18

24h: +0.09%
Market cap: $95.63M
Volume 24h: —
Volatility (ann.): 2%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.07%
Market cap: $26.85B
Volume 24h: $482.41M
Volatility (ann.): 52%

ACRED 0.4%Share of the two combined market caps99.6% FIGR_HELOC

Performance

ACREDFIGR_HELOC

7 days+0.54%+0.19%ACRED
30 days+0.08%+2.69%FIGR_HELOC

Correlation

-0.34over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	ACRED	FIGR_HELOC
Max drawdown (400d)	-0.7%	-5.5%
Risk-adjusted return (90d)	0.12	0.05

Relative strength over 90 days: ACRED outperformed FIGR_HELOC by 0.6% — measured on the ACRED/FIGR_HELOC ratio, so it holds regardless of market direction.

Apollo Diversified Credit Securitize Fund →Figure Heloc →