Direxion Daily Semiconductor Bear 3X ETF (Dinari Tokenized ETF) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 17251432.8× the size of Direxion Daily Semiconductor Bear 3X ETF (Dinari Tokenized ETF) (SOXS) by market capitalisation. Over the past 30 days, SOXS is ahead by 67.2 percentage points (SOXS +70.2% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.10 across 21 shared trading days). SOXS has been the more volatile of the two, at 173% annualised against FIGR_HELOC's 52%.

Correlation: 0.10
Size ratio: 1 : 17251432.8
Ahead over 30 days: SOXS

Direxion Daily Semiconductor Bear 3X ETF (Dinari Tokenized ETF)SOXS

$61.6400

24h: +9.39%
Market cap: $1,584
Volume 24h: $177
Volatility (ann.): 173%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.53%
Market cap: $27.32B
Volume 24h: $22.09M
Volatility (ann.): 52%

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

Performance

SOXSFIGR_HELOC

7 days+30.72%-0.10%SOXS
30 days+70.21%+3.00%SOXS

Correlation

0.10over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SOXS	FIGR_HELOC
Max drawdown (400d)	-25.4%	-5.5%
Risk-adjusted return (90d)	0.41	0.05

Relative strength over 90 days: SOXS outperformed FIGR_HELOC by 38.9% — measured on the SOXS/FIGR_HELOC ratio, so it holds regardless of market direction.

Direxion Daily Semiconductor Bear 3X ETF (Dinari Tokenized ETF) →Figure Heloc →