StrikeX vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 1275.0× the size of StrikeX (STRX) by market capitalisation. Over the past 30 days, STRX is ahead by 5.2 percentage points (STRX +7.9% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.10 across 32 shared trading days). STRX has been the more volatile of the two, at 97% annualised against FIGR_HELOC's 52%.

Correlation: -0.10
Size ratio: 1 : 1275.0
Ahead over 30 days: STRX

StrikeXSTRX

$0.023939

24h: -3.92%
Market cap: $21.06M
Volume 24h: $15,220
Volatility (ann.): 97%

Figure HelocFIGR_HELOC

$1.0300

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

STRX 0.1%Share of the two combined market caps99.9% FIGR_HELOC

Performance

STRXFIGR_HELOC

7 days-19.88%+0.19%FIGR_HELOC
30 days+7.87%+2.69%STRX

Correlation

-0.10over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	STRX	FIGR_HELOC
Max drawdown (400d)	-22.2%	-5.5%
Risk-adjusted return (90d)	0.22	0.05

Relative strength over 90 days: STRX outperformed FIGR_HELOC by 22.0% — measured on the STRX/FIGR_HELOC ratio, so it holds regardless of market direction.

StrikeX →Figure Heloc →