Figure Heloc (FIGR_HELOC) is 2.8× the size of LEO Token (LEO) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 5.9 percentage points (FIGR_HELOC +2.2% against LEO -3.8%). Their daily returns move barely together (correlation 0.25 across 29 shared trading days). FIGR_HELOC has been the more volatile of the two, at 54% annualised against LEO's 22%.
| Period | FIGR_HELOC | LEO | Ahead |
|---|---|---|---|
| 7 days | -1.63% | -2.60% | FIGR_HELOC |
| 30 days | +2.19% | -3.75% | FIGR_HELOC |
| Metric | FIGR_HELOC | LEO |
|---|---|---|
| Max drawdown (400d) | -5.2% | -7.0% |
| Risk-adjusted return (90d) | 0.04 | -0.17 |
Relative strength over 90 days: FIGR_HELOC outperformed LEO by 7.2% — measured on the FIGR_HELOC/LEO ratio, so it holds regardless of market direction.
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.