SpaceX (Tessera Pre-IPO) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 41399.0× the size of SpaceX (Tessera Pre-IPO) (TSPACEX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 5.0 percentage points (TSPACEX -2.3% against FIGR_HELOC +2.7%). Their daily returns move loosely in opposite directions (correlation -0.36 across 22 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against TSPACEX's 9%.

Correlation: -0.36
Size ratio: 1 : 41399.0
Ahead over 30 days: FIGR_HELOC

SpaceX (Tessera Pre-IPO)TSPACEX

$544.9200

24h: -0.03%
Market cap: $648,434
Volume 24h: $636,952
Volatility (ann.): 9%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.29%
Market cap: $26.84B
Volume 24h: $481.12M
Volatility (ann.): 52%

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

Performance

TSPACEXFIGR_HELOC

7 days-2.05%+0.19%FIGR_HELOC
30 days-2.29%+2.69%FIGR_HELOC

Correlation

-0.36over 22 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	TSPACEX	FIGR_HELOC
Max drawdown (400d)	-3.1%	-5.5%
Risk-adjusted return (90d)	-0.23	0.05

Relative strength over 90 days: FIGR_HELOC outperformed TSPACEX by 7.8% — measured on the TSPACEX/FIGR_HELOC ratio, so it holds regardless of market direction.

SpaceX (Tessera Pre-IPO) →Figure Heloc →