Nebius Group N.V. (Backpack Securities) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 116038.6× the size of Nebius Group N.V. (Backpack Securities) (NBIS) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 41.4 percentage points (NBIS -38.7% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.05 across 25 shared trading days). NBIS has been the more volatile of the two, at 110% annualised against FIGR_HELOC's 52%.

Correlation: -0.05
Size ratio: 1 : 116038.6
Ahead over 30 days: FIGR_HELOC

Nebius Group N.V. (Backpack Securities)NBIS

$144.8900

24h: +1.67%
Market cap: $231,323
Volume 24h: $31,253
Volatility (ann.): 110%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

NBISFIGR_HELOC

7 days-36.73%+0.19%FIGR_HELOC
30 days-38.72%+2.69%FIGR_HELOC

Correlation

-0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	NBIS	FIGR_HELOC
Max drawdown (400d)	-41.6%	-5.5%
Risk-adjusted return (90d)	-0.22	0.05

Relative strength over 90 days: FIGR_HELOC outperformed NBIS by 25.9% — measured on the NBIS/FIGR_HELOC ratio, so it holds regardless of market direction.

Nebius Group N.V. (Backpack Securities) →Figure Heloc →