State Street Technology Select Sector SPDR ETF • Robinhood Token vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 3391922.6× the size of State Street Technology Select Sector SPDR ETF • Robinhood Token (XLK) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 6.5 percentage points (XLK -3.5% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.27 across 20 shared trading days). XLK has been the more volatile of the two, at 90% annualised against FIGR_HELOC's 52%.

Correlation: 0.27
Size ratio: 1 : 3391922.6
Ahead over 30 days: FIGR_HELOC

State Street Technology Select Sector SPDR ETF • Robinhood TokenXLK

$176.9300

24h: +1.32%
Market cap: $8,095
Volume 24h: $355
Volatility (ann.): 90%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.61%
Market cap: $27.46B
Volume 24h: $20.45M
Volatility (ann.): 52%

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

Performance

XLKFIGR_HELOC

7 days-0.03%-0.10%XLK
30 days-3.53%+3.00%FIGR_HELOC

Correlation

0.27over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	XLK	FIGR_HELOC
Max drawdown (400d)	-16.5%	-5.5%
Risk-adjusted return (90d)	-0.04	0.05

Relative strength over 90 days: FIGR_HELOC outperformed XLK by 3.6% — measured on the XLK/FIGR_HELOC ratio, so it holds regardless of market direction.

State Street Technology Select Sector SPDR ETF • Robinhood Token →Figure Heloc →