Obligate Trade Finance Yield vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 1016.2× the size of Obligate Trade Finance Yield (OTFY) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 1.5 percentage points (OTFY +1.2% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.13 across 33 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against OTFY's 2%.

Correlation: -0.13
Size ratio: 1 : 1016.2
Ahead over 30 days: FIGR_HELOC

Obligate Trade Finance YieldOTFY

$1.0260

24h: +0.11%
Market cap: $26.42M
Volume 24h: $147,473
Volatility (ann.): 2%

Figure HelocFIGR_HELOC

$1.0300

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

OTFY 0.1%Share of the two combined market caps99.9% FIGR_HELOC

Performance

OTFYFIGR_HELOC

7 days+0.20%+0.19%OTFY
30 days+1.18%+2.69%FIGR_HELOC

Correlation

-0.13over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	OTFY	FIGR_HELOC
Max drawdown (400d)	-0.1%	-5.5%
Risk-adjusted return (90d)	0.87	0.05

Relative strength over 90 days: FIGR_HELOC outperformed OTFY by 1.4% — measured on the OTFY/FIGR_HELOC ratio, so it holds regardless of market direction.

Obligate Trade Finance Yield →Figure Heloc →