T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 45390806.5× the size of T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) (MSTZ) by market capitalisation. Over the past 30 days, MSTZ is ahead by 27.9 percentage points (MSTZ +30.9% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.25 across 20 shared trading days). MSTZ has been the more volatile of the two, at 160% annualised against FIGR_HELOC's 52%.

Correlation: 0.25
Size ratio: 1 : 45390806.5
Ahead over 30 days: MSTZ

T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF)MSTZ

$2.6800

24h: -16.13%
Market cap: $602
Volume 24h: $13
Volatility (ann.): 160%

Figure HelocFIGR_HELOC

$1.0460

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

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

Performance

MSTZFIGR_HELOC

7 days+7.29%-0.10%MSTZ
30 days+30.93%+3.00%MSTZ

Correlation

0.25over 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	MSTZ	FIGR_HELOC
Max drawdown (400d)	-23.5%	-5.5%
Risk-adjusted return (90d)	0.19	0.05

Relative strength over 90 days: MSTZ outperformed FIGR_HELOC by 19.1% — measured on the MSTZ/FIGR_HELOC ratio, so it holds regardless of market direction.

T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) →Figure Heloc →