Figure Heloc vs Circle USYC

Figure Heloc (FIGR_HELOC) is 12.4× the size of Circle USYC (USYC) by market capitalisation. Over the past 30 days, USYC is ahead by 1.2 percentage points (FIGR_HELOC -1.2% against USYC +0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 57 shared trading days). FIGR_HELOC has been the more volatile of the two, at 51% annualised against USYC's 2%.

Correlation: -0.03
Size ratio: 12.4×
Ahead over 30 days: USYC

Figure HelocFIGR_HELOC

$1.0350

24h: -1.01%
Market cap: $27.18B
Volume 24h: $504.49M
Volatility (ann.): 51%

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.19B
Volume 24h: —
Volatility (ann.): 2%

FIGR_HELOC 92.6%Share of the two combined market caps7.4% USYC

Performance

FIGR_HELOCUSYC

7 days+0.39%+0.00%FIGR_HELOC
30 days-1.15%+0.00%USYC

Correlation

-0.03over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	USYC
Max drawdown (400d)	-5.5%	0.0%
Risk-adjusted return (90d)	0.05	0.40

Relative strength over 90 days: USYC outperformed FIGR_HELOC by 1.2% — measured on the FIGR_HELOC/USYC ratio, so it holds regardless of market direction.

Figure Heloc →Circle USYC →