Figure Heloc (FIGR_HELOC) is 473.2× the size of Semicon Bull 3X ETF (bStocks Tokenized ETF) (SOXLB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 56 shared trading days). SOXLB has been the more volatile of the two, at 150% annualised against FIGR_HELOC's 52%.
$77.7400
SOXLBFIGR_HELOC
-0.10over 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 | SOXLB | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -64.3% | -5.5% |
| Risk-adjusted return (90d) | -0.35 | 0.05 |
Relative strength over 90 days: FIGR_HELOC outperformed SOXLB by 51.8% — measured on the SOXLB/FIGR_HELOC ratio, so it holds regardless of market direction.