State Street SPDR Portfolio S&P 500 ETF ST0x vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 102510.8× the size of State Street SPDR Portfolio S&P 500 ETF ST0x (WTSPYM) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.5 percentage points (WTSPYM +0.5% against FIGR_HELOC +3.0%). Their daily returns move loosely together (correlation 0.37 across 28 shared trading days). WTSPYM has been the more volatile of the two, at 1511% annualised against FIGR_HELOC's 52%.

Correlation: 0.37
Size ratio: 1 : 102510.8
Ahead over 30 days: FIGR_HELOC

State Street SPDR Portfolio S&P 500 ETF ST0xWTSPYM

$90.2800

24h: +1.54%
Market cap: $266,498
Volume 24h: $28,216
Volatility (ann.): 1511%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.53%
Market cap: $27.32B
Volume 24h: $22.09M
Volatility (ann.): 52%

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

Performance

WTSPYMFIGR_HELOC

7 days-0.79%-0.10%FIGR_HELOC
30 days+0.52%+3.00%FIGR_HELOC

Correlation

0.37over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	WTSPYM	FIGR_HELOC
Max drawdown (400d)	-85.5%	-5.5%
Risk-adjusted return (90d)	0.00	0.05

Relative strength over 90 days: WTSPYM outperformed FIGR_HELOC by 2.7% — measured on the WTSPYM/FIGR_HELOC ratio, so it holds regardless of market direction.

State Street SPDR Portfolio S&P 500 ETF ST0x →Figure Heloc →