iShares Silver Trust xStock vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 16298.3× the size of iShares Silver Trust xStock (SLVX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 18.1 percentage points (SLVX -15.4% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.12 across 26 shared trading days). Both have run at a similar volatility, around 56% annualised.

Correlation: 0.12
Size ratio: 1 : 16298.3
Ahead over 30 days: FIGR_HELOC

iShares Silver Trust xStockSLVX

$45.4600

24h: -0.48%
Market cap: $1.65M
Volume 24h: $5,251
Volatility (ann.): 59%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

SLVXFIGR_HELOC

7 days-10.01%+0.19%FIGR_HELOC
30 days-15.39%+2.69%FIGR_HELOC

Correlation

0.12over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	SLVX	FIGR_HELOC
Max drawdown (400d)	-21.1%	-5.5%
Risk-adjusted return (90d)	-0.27	0.05

Relative strength over 90 days: FIGR_HELOC outperformed SLVX by 14.0% — measured on the SLVX/FIGR_HELOC ratio, so it holds regardless of market direction.

iShares Silver Trust xStock →Figure Heloc →