Figure Heloc (FIGR_HELOC) is 14891.9× the size of Vanguard xStock (VTIX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 38 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against VTIX's 40%.
VTIXFIGR_HELOC
-0.03over 38 shared trading days
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.
| Metric | VTIX | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -19.0% | -5.5% |
| Risk-adjusted return (90d) | 0.01 | 0.05 |
| Best 30 days (past year) | +17.2% | — |
| Worst 30 days (past year) | -6.7% | — |
Relative strength over 90 days: FIGR_HELOC outperformed VTIX by 6.1% — measured on the VTIX/FIGR_HELOC ratio, so it holds regardless of market direction.