VanEck Semiconductor ETF (Dinari Tokenized ETF) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 908376.0× the size of VanEck Semiconductor ETF (Dinari Tokenized ETF) (SMH) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 16.4 percentage points (SMH -17.6% against FIGR_HELOC -1.2%). Their daily returns move barely in opposite directions (correlation -0.12 across 20 shared trading days). Both have run at a similar volatility, around 50% annualised.

Correlation: -0.12
Size ratio: 1 : 908376.0
Ahead over 30 days: FIGR_HELOC

VanEck Semiconductor ETF (Dinari Tokenized ETF)SMH

$459.9500

24h: -7.37%
Market cap: $29,920
Volume 24h: $15,205
Volatility (ann.): 49%

Figure HelocFIGR_HELOC

$1.0350

24h: -1.01%
Market cap: $27.18B
Volume 24h: $504.49M
Volatility (ann.): 51%

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

Performance

SMHFIGR_HELOC

7 days-6.45%+0.39%FIGR_HELOC
30 days-17.56%-1.15%FIGR_HELOC

Correlation

-0.12over 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	SMH	FIGR_HELOC
Max drawdown (400d)	-19.1%	-5.5%
Risk-adjusted return (90d)	-0.36	0.05

Relative strength over 90 days: FIGR_HELOC outperformed SMH by 8.7% — measured on the SMH/FIGR_HELOC ratio, so it holds regardless of market direction.

VanEck Semiconductor ETF (Dinari Tokenized ETF) →Figure Heloc →