iShares MSCI India ETF • Robinhood Token vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 285799.0× the size of iShares MSCI India ETF • Robinhood Token (INDA) by market capitalisation. Over the past 30 days, INDA is ahead by 3.0 percentage points (INDA +6.0% against FIGR_HELOC +3.0%). Their daily returns move loosely in opposite directions (correlation -0.44 across 24 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against INDA's 19%.

Correlation: -0.44
Size ratio: 1 : 285799.0
Ahead over 30 days: INDA

iShares MSCI India ETF • Robinhood TokenINDA

$49.8200

24h: +1.87%
Market cap: $95,579
Volume 24h: $4,481
Volatility (ann.): 19%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.55%
Market cap: $27.32B
Volume 24h: $22.09M
Volatility (ann.): 52%

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

Performance

INDAFIGR_HELOC

7 days+5.33%-0.10%INDA
30 days+6.01%+3.00%INDA

Correlation

-0.44over 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	INDA	FIGR_HELOC
Max drawdown (400d)	-3.0%	-5.5%
Risk-adjusted return (90d)	0.33	0.05

Relative strength over 90 days: INDA outperformed FIGR_HELOC by 9.7% — measured on the INDA/FIGR_HELOC ratio, so it holds regardless of market direction.

iShares MSCI India ETF • Robinhood Token →Figure Heloc →