Figure Heloc (FIGR_HELOC) is 1889.6× the size of KAIO (KAIO) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.35 across 36 shared trading days). KAIO has been the more volatile of the two, at 300% annualised against FIGR_HELOC's 52%.
KAIOFIGR_HELOC
-0.35over 36 shared trading days
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.
| Metric | KAIO | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -93.1% | -5.5% |
| Risk-adjusted return (90d) | 0.06 | 0.05 |
Relative strength over 90 days: KAIO outperformed FIGR_HELOC by 28.6% — measured on the KAIO/FIGR_HELOC ratio, so it holds regardless of market direction.