Nest BlackOpal LiquidStone II Vault vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 244.3× the size of Nest BlackOpal LiquidStone II Vault (NOPAL) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 1.7 percentage points (NOPAL +1.3% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.20 across 54 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against NOPAL's 2%.

Correlation: 0.20
Size ratio: 1 : 244.3
Ahead over 30 days: FIGR_HELOC

Nest BlackOpal LiquidStone II VaultNOPAL

$1.1100

24h: -0.00%
Market cap: $111.84M
Volume 24h: —
Volatility (ann.): 2%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.53%
Market cap: $27.32B
Volume 24h: $22.10M
Volatility (ann.): 52%

NOPAL 0.4%Share of the two combined market caps99.6% FIGR_HELOC

Performance

NOPALFIGR_HELOC

7 days+0.00%-0.10%NOPAL
30 days+1.28%+3.00%FIGR_HELOC

Correlation

0.20over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	NOPAL	FIGR_HELOC
Max drawdown (400d)	0.0%	-5.5%
Risk-adjusted return (90d)	0.83	0.05

Relative strength over 90 days: NOPAL outperformed FIGR_HELOC by 2.4% — measured on the NOPAL/FIGR_HELOC ratio, so it holds regardless of market direction.

Nest BlackOpal LiquidStone II Vault →Figure Heloc →