CAD Coin vs GHO

GHO (GHO) is 3058.3× the size of CAD Coin (CADC) by market capitalisation. Over the past 30 days, GHO is ahead by 0.4 percentage points (CADC -0.5% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.35 across 26 shared trading days). CADC has been the more volatile of the two, at 10% annualised against GHO's 1%.

Correlation: -0.35
Size ratio: 1 : 3058.3
Ahead over 30 days: GHO

CAD CoinCADC

$0.711202

24h: -0.07%
Market cap: $228,250
Volume 24h: $35,271
Volatility (ann.): 10%

GHOGHO

$0.998654

24h: +0.08%
Market cap: $698.05M
Volume 24h: $4.42M
Volatility (ann.): 1%

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

Performance

CADCGHO

7 days+2.46%+0.00%CADC
30 days-0.48%-0.04%GHO

Correlation

-0.35over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	CADC	GHO
Max drawdown (400d)	-3.1%	-0.2%
Risk-adjusted return (90d)	-0.03	-0.01

Relative strength over 90 days: GHO outperformed CADC by 0.1% — measured on the CADC/GHO ratio, so it holds regardless of market direction.

CAD Coin →GHO →