iShares 0-3 Month Treasury Bond ETF • Robinhood Token vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 16338.7× the size of iShares 0-3 Month Treasury Bond ETF • Robinhood Token (SGOV) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.2 percentage points (SGOV +0.5% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.21 across 26 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against SGOV's 1%.

Correlation: 0.21
Size ratio: 1 : 16338.7
Ahead over 30 days: FIGR_HELOC

iShares 0-3 Month Treasury Bond ETF • Robinhood TokenSGOV

$101.3900

24h: -0.30%
Market cap: $1.64M
Volume 24h: —
Volatility (ann.): 1%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.24%
Market cap: $26.84B
Volume 24h: $481.07M
Volatility (ann.): 52%

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

Performance

SGOVFIGR_HELOC

7 days+0.27%+0.19%SGOV
30 days+0.47%+2.69%FIGR_HELOC

Correlation

0.21over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	SGOV	FIGR_HELOC
Max drawdown (400d)	-0.1%	-5.5%
Risk-adjusted return (90d)	0.70	0.05

Relative strength over 90 days: FIGR_HELOC outperformed SGOV by 2.7% — measured on the SGOV/FIGR_HELOC ratio, so it holds regardless of market direction.

iShares 0-3 Month Treasury Bond ETF • Robinhood Token →Figure Heloc →