Nest WisdomTree Vault vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 1704298.6× the size of Nest WisdomTree Vault (NWISDOM) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 7.0 percentage points (NWISDOM -4.4% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.08 across 20 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against NWISDOM's 4%.

Correlation: -0.08
Size ratio: 1 : 1704298.6
Ahead over 30 days: FIGR_HELOC

Nest WisdomTree VaultNWISDOM

$0.892578

24h: +0.00%
Market cap: $15,750
Volume 24h: —
Volatility (ann.): 4%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

NWISDOMFIGR_HELOC

7 days-1.64%+0.19%FIGR_HELOC
30 days-4.36%+2.69%FIGR_HELOC

Correlation

-0.08over 20 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	NWISDOM	FIGR_HELOC
Max drawdown (400d)	-5.1%	-5.5%
Risk-adjusted return (90d)	-1.23	0.05

Relative strength over 90 days: FIGR_HELOC outperformed NWISDOM by 4.7% — measured on the NWISDOM/FIGR_HELOC ratio, so it holds regardless of market direction.

Nest WisdomTree Vault →Figure Heloc →