StoxFi vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 4959635.7× the size of StoxFi (STOX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 50.5 percentage points (STOX -51.7% against FIGR_HELOC -1.2%). Their daily returns move barely in opposite directions (correlation -0.06 across 21 shared trading days). STOX has been the more volatile of the two, at 143% annualised against FIGR_HELOC's 51%.

Correlation: -0.06
Size ratio: 1 : 4959635.7
Ahead over 30 days: FIGR_HELOC

StoxFiSTOX

$5.480e-6

24h: -7.82%
Market cap: $5,480
Volume 24h: $2
Volatility (ann.): 143%

Figure HelocFIGR_HELOC

$1.0350

24h: -1.00%
Market cap: $27.18B
Volume 24h: $504.53M
Volatility (ann.): 51%

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

Performance

STOXFIGR_HELOC

7 days-15.42%+0.39%FIGR_HELOC
30 days-51.67%-1.15%FIGR_HELOC

Correlation

-0.06over 21 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	STOX	FIGR_HELOC
Max drawdown (400d)	-55.9%	-5.5%
Risk-adjusted return (90d)	-0.37	0.05

Relative strength over 90 days: FIGR_HELOC outperformed STOX by 37.7% — measured on the STOX/FIGR_HELOC ratio, so it holds regardless of market direction.

StoxFi →Figure Heloc →