Energy Web Token vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 1140.4× the size of Energy Web Token (EWT) by market capitalisation. Over the past 30 days, EWT is ahead by 3.4 percentage points (EWT +6.1% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.08 across 33 shared trading days). EWT has been the more volatile of the two, at 97% annualised against FIGR_HELOC's 52%.

Correlation: -0.08
Size ratio: 1 : 1140.4
Ahead over 30 days: EWT

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 97%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

EWTFIGR_HELOC

7 days-2.36%+0.19%FIGR_HELOC
30 days+6.05%+2.69%EWT

Correlation

-0.08over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	EWT	FIGR_HELOC
Max drawdown (400d)	-21.1%	-5.5%
Risk-adjusted return (90d)	0.01	0.05

Relative strength over 90 days: EWT outperformed FIGR_HELOC by 1.7% — measured on the EWT/FIGR_HELOC ratio, so it holds regardless of market direction.

Energy Web Token →Figure Heloc →