Figure Heloc (FIGR_HELOC) is 10815.4× the size of Polytrade (TRADE) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 43 shared trading days). TRADE has been the more volatile of the two, at 144% annualised against FIGR_HELOC's 52%.
TRADEFIGR_HELOC
0.03over 43 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 | TRADE | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -61.9% | -5.5% |
| Risk-adjusted return (90d) | -0.19 | 0.05 |
Relative strength over 90 days: FIGR_HELOC outperformed TRADE by 36.8% — measured on the TRADE/FIGR_HELOC ratio, so it holds regardless of market direction.