Figure Heloc (FIGR_HELOC) is 6.0× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 29 shared trading days). Both have run at a similar volatility, around 52% annualised.
| Period | FIGR_HELOC | GRAM | Ahead |
|---|---|---|---|
| 7 days | -1.63% | -0.22% | GRAM |
| 30 days | +2.19% | -1.07% | FIGR_HELOC |
| 90 days | — | -17.15% | — |
| Metric | FIGR_HELOC | GRAM |
|---|---|---|
| Max drawdown (400d) | -5.2% | -26.0% |
| Risk-adjusted return (90d) | 0.04 | -0.35 |
Relative strength over 90 days: FIGR_HELOC outperformed GRAM by 2.6% — measured on the FIGR_HELOC/GRAM 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.