Figure Heloc vs Bitway

Figure Heloc (FIGR_HELOC) is 5.6× the size of Bitway (BTW) by market capitalisation. Over the past 30 days, BTW is ahead by 180.5 percentage points (FIGR_HELOC +0.0% against BTW +180.5%). Their daily returns move barely together (correlation 0.04 across 33 shared trading days). BTW has been the more volatile of the two, at 333% annualised against FIGR_HELOC's 54%.

Correlation: 0.04
Size ratio: 5.6×
Ahead over 30 days: BTW

Figure HelocFIGR_HELOC

$1.0650

24h: +6.39%
Market cap: $25.31B
Volume 24h: $1.52M
Volatility (ann.): 54%

BitwayBTW

$1.6800

24h: +3.55%
Market cap: $4.56B
Volume 24h: $12.23M
Volatility (ann.): 333%

FIGR_HELOC 84.7%Share of the two combined market caps15.3% BTW

Performance

FIGR_HELOCBTW

7 days+0.00%+101.46%BTW
30 days+0.00%+180.55%BTW

Correlation

0.04over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	FIGR_HELOC	BTW
Max drawdown (400d)	-5.5%	-23.4%
Risk-adjusted return (90d)	0.00	0.60

Relative strength over 90 days: BTW outperformed FIGR_HELOC by 68.3% — measured on the FIGR_HELOC/BTW ratio, so it holds regardless of market direction.

Figure Heloc →Bitway →