Figure Heloc (FIGR_HELOC) is 2.4× the size of WhiteBIT Coin (WBT) by market capitalisation. Over the past 30 days, WBT is ahead by 43.4 percentage points (FIGR_HELOC +2.2% against WBT +45.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 29 shared trading days). WBT has been the more volatile of the two, at 72% annualised against FIGR_HELOC's 54%.
| Period | FIGR_HELOC | WBT | Ahead |
|---|---|---|---|
| 7 days | -1.63% | -2.10% | FIGR_HELOC |
| 30 days | +2.19% | +45.54% | WBT |
| Metric | FIGR_HELOC | WBT |
|---|---|---|
| Max drawdown (400d) | -5.2% | -4.0% |
| Risk-adjusted return (90d) | 0.04 | 0.64 |
Relative strength over 90 days: WBT outperformed FIGR_HELOC by 28.7% — measured on the FIGR_HELOC/WBT 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.