OpenAI PreStocks vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 7169.2× the size of OpenAI PreStocks (OPENAI) by market capitalisation. Over the past 30 days, OPENAI is ahead by 12.7 percentage points (OPENAI +15.4% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.25 across 29 shared trading days). OPENAI has been the more volatile of the two, at 157% annualised against FIGR_HELOC's 52%.

Correlation: 0.25
Size ratio: 1 : 7169.2
Ahead over 30 days: OPENAI

OpenAI PreStocksOPENAI

$1,972.19

24h: -9.65%
Market cap: $3.75M
Volume 24h: $858,752
Volatility (ann.): 157%

Figure HelocFIGR_HELOC

$1.0290

24h: -1.14%
Market cap: $26.88B
Volume 24h: $471.77M
Volatility (ann.): 52%

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

Performance

OPENAIFIGR_HELOC

7 days-10.46%+0.19%FIGR_HELOC
30 days+15.43%+2.69%OPENAI

Correlation

0.25over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	OPENAI	FIGR_HELOC
Max drawdown (400d)	-28.4%	-5.5%
Risk-adjusted return (90d)	0.21	0.05

Relative strength over 90 days: OPENAI outperformed FIGR_HELOC by 28.2% — measured on the OPENAI/FIGR_HELOC ratio, so it holds regardless of market direction.

OpenAI PreStocks →Figure Heloc →