Figure Heloc (FIGR_HELOC) is 554.1× the size of ShareX (SHARE) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 43 shared trading days). SHARE has been the more volatile of the two, at 635% annualised against FIGR_HELOC's 52%.
SHAREFIGR_HELOC
0.29over 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 | SHARE | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -12.6% | -5.5% |
| Risk-adjusted return (90d) | 1.74 | 0.05 |
Relative strength over 90 days: SHARE outperformed FIGR_HELOC by 692.1% — measured on the SHARE/FIGR_HELOC ratio, so it holds regardless of market direction.