Figure Heloc vs Dai

Figure Heloc (FIGR_HELOC) is 5.9× the size of Dai (DAI) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.7 percentage points (FIGR_HELOC +2.7% against DAI +0.0%). Their daily returns move barely together (correlation 0.10 across 27 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against DAI's 1%.

Correlation: 0.10
Size ratio: 5.9×
Ahead over 30 days: FIGR_HELOC

Figure HelocFIGR_HELOC

$1.0290

24h: -0.94%
Market cap: $26.89B
Volume 24h: $467.43M
Volatility (ann.): 52%

DaiDAI

$1.0000

24h: -0.01%
Market cap: $4.52B
Volume 24h: $132.88M
Volatility (ann.): 1%

FIGR_HELOC 85.6%Share of the two combined market caps14.4% DAI

Performance

FIGR_HELOCDAI

7 days+0.19%+0.03%FIGR_HELOC
30 days+2.69%+0.00%FIGR_HELOC

Correlation

0.10over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	DAI
Max drawdown (400d)	-5.5%	-0.1%
Risk-adjusted return (90d)	0.05	0.03

Relative strength over 90 days: DAI outperformed FIGR_HELOC by 0.0% — measured on the FIGR_HELOC/DAI ratio, so it holds regardless of market direction.

Figure Heloc →Dai →