Figure Heloc vs Ondo US Dollar Yield

Figure Heloc (FIGR_HELOC) is 11.4× the size of Ondo US Dollar Yield (USDY) by market capitalisation. Over the past 30 days, USDY is ahead by 1.2 percentage points (FIGR_HELOC -1.2% against USDY +0.0%). Their daily returns move barely together (correlation 0.16 across 58 shared trading days). FIGR_HELOC has been the more volatile of the two, at 51% annualised against USDY's 6%.

Correlation: 0.16
Size ratio: 11.4×
Ahead over 30 days: USDY

Figure HelocFIGR_HELOC

$1.0350

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

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.17%
Market cap: $2.39B
Volume 24h: $3.91M
Volatility (ann.): 6%

FIGR_HELOC 91.9%Share of the two combined market caps8.1% USDY

Performance

FIGR_HELOCUSDY

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

Correlation

0.16over 58 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	USDY
Max drawdown (400d)	-5.5%	-0.9%
Risk-adjusted return (90d)	0.05	0.15

Relative strength over 90 days: FIGR_HELOC outperformed USDY by 1.6% — measured on the FIGR_HELOC/USDY ratio, so it holds regardless of market direction.

Figure Heloc →Ondo US Dollar Yield →