SpaceX PreStocks vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 5723.7× the size of SpaceX PreStocks (SPACEX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 18.7 percentage points (SPACEX -16.0% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.09 across 31 shared trading days). SPACEX has been the more volatile of the two, at 60% annualised against FIGR_HELOC's 52%.

Correlation: 0.09
Size ratio: 1 : 5723.7
Ahead over 30 days: FIGR_HELOC

SpaceX PreStocksSPACEX

$536.5600

24h: +1.00%
Market cap: $4.69M
Volume 24h: $30,012
Volatility (ann.): 60%

Figure HelocFIGR_HELOC

$1.0300

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

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

Performance

SPACEXFIGR_HELOC

7 days-15.45%+0.19%FIGR_HELOC
30 days-15.96%+2.69%FIGR_HELOC

Correlation

0.09over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	SPACEX	FIGR_HELOC
Max drawdown (400d)	-16.7%	-5.5%
Risk-adjusted return (90d)	-0.05	0.05

Relative strength over 90 days: FIGR_HELOC outperformed SPACEX by 1.0% — measured on the SPACEX/FIGR_HELOC ratio, so it holds regardless of market direction.

SpaceX PreStocks →Figure Heloc →