Argon vs GHO

GHO (GHO) is 4588.1× the size of Argon (ARGN) by market capitalisation. Over the past 30 days, GHO is ahead by 5.1 percentage points (ARGN -5.1% against GHO +0.0%). Their daily returns move closely in opposite directions (correlation -0.70 across 21 shared trading days). ARGN has been the more volatile of the two, at 40% annualised against GHO's 1%.

Correlation: -0.70
Size ratio: 1 : 4588.1
Ahead over 30 days: GHO

ArgonARGN

$1.0020

24h: —
Market cap: $152,164
Volume 24h: $10
Volatility (ann.): 40%

GHOGHO

$0.998766

24h: +0.01%
Market cap: $698.14M
Volume 24h: $5.91M
Volatility (ann.): 1%

ARGN 0.0%Share of the two combined market caps100.0% GHO

Performance

ARGNGHO

7 days+1.91%+0.04%ARGN
30 days-5.06%+0.00%GHO

Correlation

-0.70over 21 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	ARGN	GHO
Max drawdown (400d)	-8.2%	-0.2%
Risk-adjusted return (90d)	-0.13	0.02

Relative strength over 90 days: GHO outperformed ARGN by 5.1% — measured on the ARGN/GHO ratio, so it holds regardless of market direction.

Argon →GHO →