YieldNest RWA MAX vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 5727.5× the size of YieldNest RWA MAX (YNRWAX) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 41.1 percentage points (YNRWAX -38.4% against FIGR_HELOC +2.7%). Their daily returns move barely together (correlation 0.09 across 29 shared trading days). YNRWAX has been the more volatile of the two, at 134% annualised against FIGR_HELOC's 52%.

Correlation: 0.09
Size ratio: 1 : 5727.5
Ahead over 30 days: FIGR_HELOC

YieldNest RWA MAXYNRWAX

$0.552349

24h: +0.02%
Market cap: $4.69M
Volume 24h: $35
Volatility (ann.): 134%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.07%
Market cap: $26.85B
Volume 24h: $482.41M
Volatility (ann.): 52%

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

Performance

YNRWAXFIGR_HELOC

7 days-9.43%+0.19%FIGR_HELOC
30 days-38.37%+2.69%FIGR_HELOC

Correlation

0.09over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	YNRWAX	FIGR_HELOC
Max drawdown (400d)	-40.9%	-5.5%
Risk-adjusted return (90d)	-0.30	0.05

Relative strength over 90 days: FIGR_HELOC outperformed YNRWAX by 39.5% — measured on the YNRWAX/FIGR_HELOC ratio, so it holds regardless of market direction.

YieldNest RWA MAX →Figure Heloc →