Multi Asset Investment Vehicle vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 11962.5× the size of Multi Asset Investment Vehicle (MAIV) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 65.5 percentage points (MAIV -62.8% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.34 across 23 shared trading days). MAIV has been the more volatile of the two, at 569% annualised against FIGR_HELOC's 52%.

Correlation: 0.34
Size ratio: 1 : 11962.5
Ahead over 30 days: FIGR_HELOC

Multi Asset Investment VehicleMAIV

$0.000224

24h: —
Market cap: $2.24M
Volume 24h: —
Volatility (ann.): 569%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.19%
Market cap: $26.85B
Volume 24h: $481.28M
Volatility (ann.): 52%

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

Performance

MAIVFIGR_HELOC

7 days-53.15%+0.19%FIGR_HELOC
30 days-62.82%+2.69%FIGR_HELOC

Correlation

0.34over 23 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	MAIV	FIGR_HELOC
Max drawdown (400d)	-78.8%	-5.5%
Risk-adjusted return (90d)	-0.13	0.05

Relative strength over 90 days: FIGR_HELOC outperformed MAIV by 76.1% — measured on the MAIV/FIGR_HELOC ratio, so it holds regardless of market direction.

Multi Asset Investment Vehicle →Figure Heloc →