Xend Finance vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 100728.6× the size of Xend Finance (RWA) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 17.7 percentage points (RWA -14.7% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.15 across 24 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against RWA's 34%.

Correlation: 0.15
Size ratio: 1 : 100728.6
Ahead over 30 days: FIGR_HELOC

Xend FinanceRWA

$0.001356

24h: -1.88%
Market cap: $271,212
Volume 24h: $9,260
Volatility (ann.): 34%

Figure HelocFIGR_HELOC

$1.0460

24h: +1.52%
Market cap: $27.32B
Volume 24h: $22.09M
Volatility (ann.): 52%

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

Performance

RWAFIGR_HELOC

7 days-2.34%-0.10%FIGR_HELOC
30 days-14.68%+3.00%FIGR_HELOC

Correlation

0.15over 24 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	RWA	FIGR_HELOC
Max drawdown (400d)	-15.2%	-5.5%
Risk-adjusted return (90d)	-0.38	0.05

Relative strength over 90 days: FIGR_HELOC outperformed RWA by 5.7% — measured on the RWA/FIGR_HELOC ratio, so it holds regardless of market direction.

Xend Finance →Figure Heloc →