Precious Metals USD vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 526.3× the size of Precious Metals USD (PMUSD) by market capitalisation. Over the past 30 days, PMUSD is ahead by 3.3 percentage points (PMUSD +6.0% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.08 across 49 shared trading days). PMUSD has been the more volatile of the two, at 209% annualised against FIGR_HELOC's 52%.

Correlation: 0.08
Size ratio: 1 : 526.3
Ahead over 30 days: PMUSD

Precious Metals USDPMUSD

$0.572460

24h: -1.61%
Market cap: $51.09M
Volume 24h: $3,043
Volatility (ann.): 209%

Figure HelocFIGR_HELOC

$1.0290

24h: -0.92%
Market cap: $26.89B
Volume 24h: $467.43M
Volatility (ann.): 52%

PMUSD 0.2%Share of the two combined market caps99.8% FIGR_HELOC

Performance

PMUSDFIGR_HELOC

7 days-10.42%+0.19%FIGR_HELOC
30 days+5.98%+2.69%PMUSD

Correlation

0.08over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	PMUSD	FIGR_HELOC
Max drawdown (400d)	-28.9%	-5.5%
Risk-adjusted return (90d)	-0.02	0.05

Relative strength over 90 days: FIGR_HELOC outperformed PMUSD by 3.3% — measured on the PMUSD/FIGR_HELOC ratio, so it holds regardless of market direction.

Precious Metals USD →Figure Heloc →