Figure Heloc (FIGR_HELOC) is 9116.0× the size of Propbase (PROPS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 43 shared trading days). PROPS has been the more volatile of the two, at 65% annualised against FIGR_HELOC's 52%.
PROPSFIGR_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 | PROPS | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -25.4% | -5.5% |
| Risk-adjusted return (90d) | 0.88 | 0.05 |
Relative strength over 90 days: PROPS outperformed FIGR_HELOC by 57.6% — measured on the PROPS/FIGR_HELOC ratio, so it holds regardless of market direction.