GOLD vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 11815.1× the size of GOLD (GOLD) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 102.7 percentage points (GOLD -100.0% against FIGR_HELOC +2.7%). Their daily returns move loosely in opposite directions (correlation -0.41 across 22 shared trading days). GOLD has been the more volatile of the two, at 352% annualised against FIGR_HELOC's 52%.

Correlation: -0.41
Size ratio: 1 : 11815.1
Ahead over 30 days: FIGR_HELOC

GOLDGOLD

$3,949.89

24h: +0.30%
Market cap: $2.28M
Volume 24h: $255,500
Volatility (ann.): 352%

Figure HelocFIGR_HELOC

$1.0290

24h: -0.91%
Market cap: $26.89B
Volume 24h: $468.77M
Volatility (ann.): 52%

GOLD 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

GOLDFIGR_HELOC

7 days-100.00%+0.19%FIGR_HELOC
30 days-100.00%+2.69%FIGR_HELOC

Correlation

-0.41over 22 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	GOLD	FIGR_HELOC
Max drawdown (400d)	-100.0%	-5.5%
Risk-adjusted return (90d)	-0.28	0.05

Relative strength over 90 days: FIGR_HELOC outperformed GOLD by 100.0% — measured on the GOLD/FIGR_HELOC ratio, so it holds regardless of market direction.

GOLD →Figure Heloc →