Figure Heloc vs Zcash
Figure Heloc (FIGR_HELOC) is 1.0× the size of Zcash (ZEC) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 33 shared trading days). ZEC has been the more volatile of the two, at 161% annualised against FIGR_HELOC's 54%.
Performance
| Period | FIGR_HELOC | ZEC | Ahead |
|---|---|---|---|
| 7 days | +0.00% | -13.65% | FIGR_HELOC |
| 30 days | +0.00% | +60.95% | ZEC |
| 90 days | — | +189.77% | — |
| 1 year | — | +1005.96% | — |
Risk & extremes
| Metric | FIGR_HELOC | ZEC |
|---|---|---|
| Max drawdown (400d) | -5.5% | -71.8% |
| Risk-adjusted return (90d) | 0.00 | 1.50 |
| Best 30 days (past year) | — | +321.1% |
| Worst 30 days (past year) | — | -59.2% |
Relative strength over 90 days: ZEC outperformed FIGR_HELOC by 65.4% — measured on the FIGR_HELOC/ZEC ratio, so it holds regardless of market direction.
Correlation
0.20over 33 shared trading days
7d: insufficient data30d: 0.2490d: 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.