rocket strategy vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 20376.7× the size of rocket strategy (RKST) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 56.1 percentage points (RKST -53.4% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.01 across 21 shared trading days). RKST has been the more volatile of the two, at 745% annualised against FIGR_HELOC's 52%.

Correlation: -0.01
Size ratio: 1 : 20376.7
Ahead over 30 days: FIGR_HELOC

rocket strategyRKST

$0.001815

24h: +0.50%
Market cap: $1.32M
Volume 24h: $6,358
Volatility (ann.): 745%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.79%
Market cap: $26.84B
Volume 24h: $480.14M
Volatility (ann.): 52%

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

Performance

RKSTFIGR_HELOC

7 days+49.35%+0.19%RKST
30 days-53.40%+2.69%FIGR_HELOC

Correlation

-0.01over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	RKST	FIGR_HELOC
Max drawdown (400d)	-85.8%	-5.5%
Risk-adjusted return (90d)	-0.09	0.05

Relative strength over 90 days: FIGR_HELOC outperformed RKST by 69.5% — measured on the RKST/FIGR_HELOC ratio, so it holds regardless of market direction.

rocket strategy →Figure Heloc →