South Korea Bull 3X ETF (bStocks Tokenized Stock) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 7636.8× the size of South Korea Bull 3X ETF (bStocks Tokenized Stock) (KORUB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.25 across 56 shared trading days). KORUB has been the more volatile of the two, at 163% annualised against FIGR_HELOC's 52%.

Correlation: -0.25
Size ratio: 1 : 7636.8

South Korea Bull 3X ETF (bStocks Tokenized Stock)KORUB

$10.6500

24h: -1.35%
Market cap: $3.52M
Volume 24h: $4.16M
Volatility (ann.): 163%

Figure HelocFIGR_HELOC

$1.0290

24h: -1.08%
Market cap: $26.89B
Volume 24h: $468.14M
Volatility (ann.): 52%

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

Performance

KORUBFIGR_HELOC

7 days-6.00%+0.19%FIGR_HELOC
30 days-50.63%+2.69%FIGR_HELOC
90 days-37.03%——

Correlation

-0.25over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: 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	KORUB	FIGR_HELOC
Max drawdown (400d)	-58.4%	-5.5%
Risk-adjusted return (90d)	-0.27	0.05

Relative strength over 90 days: FIGR_HELOC outperformed KORUB by 53.3% — measured on the KORUB/FIGR_HELOC ratio, so it holds regardless of market direction.

South Korea Bull 3X ETF (bStocks Tokenized Stock) →Figure Heloc →