Figure Heloc (FIGR_HELOC) is 5.2× the size of Litecoin (LTC) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 29 shared trading days). Both have run at a similar volatility, around 57% annualised.
| Period | FIGR_HELOC | LTC | Ahead |
|---|---|---|---|
| 7 days | -1.63% | +8.59% | LTC |
| 30 days | +2.19% | +21.87% | LTC |
| 90 days | — | +31.05% | — |
| 1 year | — | -48.90% | — |
| Metric | FIGR_HELOC | LTC |
|---|---|---|
| Max drawdown (400d) | -5.2% | -67.5% |
| Risk-adjusted return (90d) | 0.04 | 0.66 |
| Best 30 days (past year) | — | +24.3% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed FIGR_HELOC by 11.2% — measured on the FIGR_HELOC/LTC 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.