Figure Heloc vs Canton

Figure Heloc (FIGR_HELOC) is 6.8× the size of Canton (CC) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 3.2 percentage points (FIGR_HELOC +2.7% against CC -0.5%). Their daily returns move barely together (correlation 0.03 across 56 shared trading days). CC has been the more volatile of the two, at 126% annualised against FIGR_HELOC's 52%.

Correlation: 0.03
Size ratio: 6.8×
Ahead over 30 days: FIGR_HELOC

Figure HelocFIGR_HELOC

$1.0300

24h: -0.80%
Market cap: $26.84B
Volume 24h: $480.59M
Volatility (ann.): 52%

CantonCC

$0.098933

24h: +2.03%
Market cap: $3.96B
Volume 24h: $14.60M
Volatility (ann.): 126%

FIGR_HELOC 87.2%Share of the two combined market caps12.8% CC

Performance

FIGR_HELOCCC

7 days+0.19%-2.16%FIGR_HELOC
30 days+2.69%-0.52%FIGR_HELOC

Correlation

0.03over 56 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	FIGR_HELOC	CC
Max drawdown (400d)	-5.5%	-30.6%
Risk-adjusted return (90d)	0.05	0.01

Relative strength over 90 days: CC outperformed FIGR_HELOC by 4.0% — measured on the FIGR_HELOC/CC ratio, so it holds regardless of market direction.

Figure Heloc →Canton →