Figure Heloc (FIGR_HELOC) is 127470.3× the size of Planet Token (PLANET) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 44 shared trading days). PLANET has been the more volatile of the two, at 97% annualised against FIGR_HELOC's 52%.
PLANETFIGR_HELOC
-0.29over 44 shared trading days
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.
| Metric | PLANET | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -80.3% | -5.5% |
| Risk-adjusted return (90d) | -0.38 | 0.05 |
| Best 30 days (past year) | +150.0% | — |
| Worst 30 days (past year) | -55.3% | — |
Relative strength over 90 days: FIGR_HELOC outperformed PLANET by 30.1% — measured on the PLANET/FIGR_HELOC ratio, so it holds regardless of market direction.