Anzen USDz vs GHO

GHO (GHO) is 100.3× the size of Anzen USDz (USDZ) by market capitalisation. Over the past 30 days, GHO is ahead by 5.1 percentage points (USDZ -5.1% against GHO -0.0%). Their daily returns move loosely in opposite directions (correlation -0.36 across 30 shared trading days). USDZ has been the more volatile of the two, at 37% annualised against GHO's 1%.

Correlation: -0.36
Size ratio: 1 : 100.3
Ahead over 30 days: GHO

Anzen USDzUSDZ

$0.922661

24h: -0.61%
Market cap: $6.96M
Volume 24h: $555
Volatility (ann.): 37%

GHOGHO

$0.998580

24h: +0.07%
Market cap: $698.01M
Volume 24h: $4.31M
Volatility (ann.): 1%

USDZ 1.0%Share of the two combined market caps99.0% GHO

Performance

USDZGHO

7 days-4.69%+0.00%GHO
30 days-5.14%-0.04%GHO

Correlation

-0.36over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3690d: 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	USDZ	GHO
Max drawdown (400d)	-6.0%	-0.2%
Risk-adjusted return (90d)	0.06	-0.01

Relative strength over 90 days: USDZ outperformed GHO by 2.5% — measured on the USDZ/GHO ratio, so it holds regardless of market direction.

Anzen USDz →GHO →