EstateX vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 38960.1× the size of EstateX (ESX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 23.3 percentage points (ESX -20.6% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.15 across 27 shared trading days). ESX has been the more volatile of the two, at 169% annualised against FIGR_HELOC's 52%.

Correlation: -0.15
Size ratio: 1 : 38960.1
Ahead over 30 days: FIGR_HELOC

EstateXESX

$0.000215

24h: -6.12%
Market cap: $689,148
Volume 24h: $5,105
Volatility (ann.): 169%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

ESXFIGR_HELOC

7 days-12.08%+0.19%FIGR_HELOC
30 days-20.61%+2.69%FIGR_HELOC

Correlation

-0.15over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	ESX	FIGR_HELOC
Max drawdown (400d)	-34.5%	-5.5%
Risk-adjusted return (90d)	-0.16	0.05

Relative strength over 90 days: FIGR_HELOC outperformed ESX by 24.9% — measured on the ESX/FIGR_HELOC ratio, so it holds regardless of market direction.

EstateX →Figure Heloc →