Defactor vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 27794.6× the size of Defactor (REAL) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 21.4 percentage points (REAL -18.7% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.06 across 27 shared trading days). REAL has been the more volatile of the two, at 82% annualised against FIGR_HELOC's 52%.

Correlation: 0.06
Size ratio: 1 : 27794.6
Ahead over 30 days: FIGR_HELOC

DefactorREAL

$0.003631

24h: -0.16%
Market cap: $965,541
Volume 24h: $92
Volatility (ann.): 82%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.80%
Market cap: $26.84B
Volume 24h: $479.94M
Volatility (ann.): 52%

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

Performance

REALFIGR_HELOC

7 days-2.57%+0.19%FIGR_HELOC
30 days-18.70%+2.69%FIGR_HELOC

Correlation

0.06over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	REAL	FIGR_HELOC
Max drawdown (400d)	-33.6%	-5.5%
Risk-adjusted return (90d)	-0.41	0.05

Relative strength over 90 days: FIGR_HELOC outperformed REAL by 31.5% — measured on the REAL/FIGR_HELOC ratio, so it holds regardless of market direction.

Defactor →Figure Heloc →