Figure Heloc (FIGR_HELOC) is 79241.5× the size of Etherfuse TESOURO (TESOURO) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 24 shared trading days). TESOURO has been the more volatile of the two, at 9141114% annualised against FIGR_HELOC's 52%.
$0.232945
TESOUROFIGR_HELOC
0.23over 24 shared trading days
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.
| Metric | TESOURO | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -100.0% | -5.5% |
| Risk-adjusted return (90d) | 0.00 | 0.05 |
Relative strength over 90 days: FIGR_HELOC outperformed TESOURO by 3.9% — measured on the TESOURO/FIGR_HELOC ratio, so it holds regardless of market direction.