USTBL vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 832.1× the size of USTBL (USTBL) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.3 percentage points (USTBL +0.4% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.31 across 43 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against USTBL's 4%.

Correlation: 0.31
Size ratio: 1 : 832.1
Ahead over 30 days: FIGR_HELOC

USTBLUSTBL

$1.0710

24h: +0.22%
Market cap: $32.26M
Volume 24h: $734
Volatility (ann.): 4%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.24%
Market cap: $26.84B
Volume 24h: $481.07M
Volatility (ann.): 52%

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

Performance

USTBLFIGR_HELOC

7 days+0.38%+0.19%USTBL
30 days+0.38%+2.69%FIGR_HELOC

Correlation

0.31over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	USTBL	FIGR_HELOC
Max drawdown (400d)	-0.6%	-5.5%
Risk-adjusted return (90d)	0.19	0.05

Relative strength over 90 days: FIGR_HELOC outperformed USTBL by 2.2% — measured on the USTBL/FIGR_HELOC ratio, so it holds regardless of market direction.

USTBL →Figure Heloc →