Roundhill Memory ETF (Backpack Securities) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 35938.5× the size of Roundhill Memory ETF (Backpack Securities) (DRAM) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 24.5 percentage points (DRAM -21.9% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.01 across 27 shared trading days). DRAM has been the more volatile of the two, at 80% annualised against FIGR_HELOC's 52%.

Correlation: 0.01
Size ratio: 1 : 35938.5
Ahead over 30 days: FIGR_HELOC

Roundhill Memory ETF (Backpack Securities)DRAM

$46.3400

24h: -1.88%
Market cap: $747,090
Volume 24h: $295,591
Volatility (ann.): 80%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.19%
Market cap: $26.85B
Volume 24h: $481.28M
Volatility (ann.): 52%

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

Performance

DRAMFIGR_HELOC

7 days-5.24%+0.19%FIGR_HELOC
30 days-21.85%+2.69%FIGR_HELOC

Correlation

0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	DRAM	FIGR_HELOC
Max drawdown (400d)	-26.8%	-5.5%
Risk-adjusted return (90d)	-0.20	0.05

Relative strength over 90 days: FIGR_HELOC outperformed DRAM by 14.4% — measured on the DRAM/FIGR_HELOC ratio, so it holds regardless of market direction.

Roundhill Memory ETF (Backpack Securities) →Figure Heloc →