Figure Heloc (FIGR_HELOC) is 9.5× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Their daily returns move barely together (correlation 0.00 across 65 shared trading days). GRAM has been the more volatile of the two, at 59% annualised against FIGR_HELOC's 49%.
FIGR_HELOCGRAM
0.00over 65 shared trading days
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.
| Metric | FIGR_HELOC | GRAM |
|---|---|---|
| Max drawdown (400d) | -5.5% | -42.8% |
| Risk-adjusted return (90d) | 0.09 | -0.34 |
Relative strength over 90 days: FIGR_HELOC outperformed GRAM by 33.1% — measured on the FIGR_HELOC/GRAM ratio, so it holds regardless of market direction.