Direxion Semiconductor Bear 3X ETF (bStocks Tokenized Stock) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 23562.0× the size of Direxion Semiconductor Bear 3X ETF (bStocks Tokenized Stock) (SOXSB) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 56 shared trading days). SOXSB has been the more volatile of the two, at 140% annualised against FIGR_HELOC's 52%.

Correlation: 0.11
Size ratio: 1 : 23562.0

Direxion Semiconductor Bear 3X ETF (bStocks Tokenized Stock)SOXSB

$50.9100

24h: +1.48%
Market cap: $1.14M
Volume 24h: $3.32M
Volatility (ann.): 140%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.19%
Market cap: $26.85B
Volume 24h: $481.28M
Volatility (ann.): 52%

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

Performance

SOXSBFIGR_HELOC

7 days+22.14%+0.19%SOXSB
30 days+78.96%+2.69%SOXSB
90 days+15.41%——

Correlation

0.11over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	SOXSB	FIGR_HELOC
Max drawdown (400d)	-59.9%	-5.5%
Risk-adjusted return (90d)	0.13	0.05

Relative strength over 90 days: SOXSB outperformed FIGR_HELOC by 33.5% — measured on the SOXSB/FIGR_HELOC ratio, so it holds regardless of market direction.

Direxion Semiconductor Bear 3X ETF (bStocks Tokenized Stock) →Figure Heloc →