Figure Heloc (FIGR_HELOC) is 1323.7× the size of Roundhill Memory ETF (bStocks Tokenized Stock) (DRAMB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 56 shared trading days). DRAMB has been the more volatile of the two, at 86% annualised against FIGR_HELOC's 52%.
$48.2100
DRAMBFIGR_HELOC
-0.11over 56 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 | DRAMB | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -31.3% | -5.5% |
| Risk-adjusted return (90d) | -0.12 | 0.05 |
Relative strength over 90 days: FIGR_HELOC outperformed DRAMB by 22.5% — measured on the DRAMB/FIGR_HELOC ratio, so it holds regardless of market direction.