Compounding OpenDollar vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 2587.9× the size of Compounding OpenDollar (CUSDO) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 1.8 percentage points (CUSDO +0.9% against FIGR_HELOC +2.7%). Their daily returns move loosely together (correlation 0.60 across 31 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against CUSDO's 12%.

Correlation: 0.60
Size ratio: 1 : 2587.9
Ahead over 30 days: FIGR_HELOC

Compounding OpenDollarCUSDO

$1.0620

24h: —
Market cap: $10.39M
Volume 24h: $6
Volatility (ann.): 12%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.28%
Market cap: $26.90B
Volume 24h: $434.18M
Volatility (ann.): 52%

CUSDO 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

CUSDOFIGR_HELOC

7 days+0.09%+0.19%FIGR_HELOC
30 days+0.85%+2.69%FIGR_HELOC

Correlation

0.60over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	CUSDO	FIGR_HELOC
Max drawdown (400d)	-2.1%	-5.5%
Risk-adjusted return (90d)	-0.01	0.05

Relative strength over 90 days: CUSDO outperformed FIGR_HELOC by 1.9% — measured on the CUSDO/FIGR_HELOC ratio, so it holds regardless of market direction.

Compounding OpenDollar →Figure Heloc →