Gondola vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 144747.1× the size of Gondola (GONDOLA) by market capitalisation. Over the past 30 days, GONDOLA is ahead by 107.9 percentage points (GONDOLA +110.9% against FIGR_HELOC +3.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 24 shared trading days). GONDOLA has been the more volatile of the two, at 114% annualised against FIGR_HELOC's 52%.

Correlation: -0.21
Size ratio: 1 : 144747.1
Ahead over 30 days: GONDOLA

GondolaGONDOLA

$4.506e-7

24h: +9.18%
Market cap: $189,542
Volume 24h: $617
Volatility (ann.): 114%

Figure HelocFIGR_HELOC

$1.0450

24h: +1.51%
Market cap: $27.44B
Volume 24h: $18.93M
Volatility (ann.): 52%

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

Performance

GONDOLAFIGR_HELOC

7 days+5.03%-0.10%GONDOLA
30 days+110.94%+3.00%GONDOLA

Correlation

-0.21over 24 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	GONDOLA	FIGR_HELOC
Max drawdown (400d)	-10.4%	-5.5%
Risk-adjusted return (90d)	0.99	0.05

Relative strength over 90 days: GONDOLA outperformed FIGR_HELOC by 56.7% — measured on the GONDOLA/FIGR_HELOC ratio, so it holds regardless of market direction.

Gondola →Figure Heloc →