Backed CSPX Core S&P 500 vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 1070.3× the size of Backed CSPX Core S&P 500 (BCSPX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 21.2 percentage points (BCSPX -18.5% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.00 across 37 shared trading days). BCSPX has been the more volatile of the two, at 75% annualised against FIGR_HELOC's 52%.

Correlation: 0.00
Size ratio: 1 : 1070.3
Ahead over 30 days: FIGR_HELOC

Backed CSPX Core S&P 500BCSPX

$680.2600

24h: +0.52%
Market cap: $25.08M
Volume 24h: $1
Volatility (ann.): 75%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.23%
Market cap: $26.84B
Volume 24h: $481.10M
Volatility (ann.): 52%

BCSPX 0.1%Share of the two combined market caps99.9% FIGR_HELOC

Performance

BCSPXFIGR_HELOC

7 days-11.23%+0.19%FIGR_HELOC
30 days-18.47%+2.69%FIGR_HELOC

Correlation

0.00over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	BCSPX	FIGR_HELOC
Max drawdown (400d)	-21.9%	-5.5%
Risk-adjusted return (90d)	-0.24	0.05

Relative strength over 90 days: FIGR_HELOC outperformed BCSPX by 16.4% — measured on the BCSPX/FIGR_HELOC ratio, so it holds regardless of market direction.

Backed CSPX Core S&P 500 →Figure Heloc →