Cod3x USD vs GHO

GHO (GHO) is 678.2× the size of Cod3x USD (CDXUSD) by market capitalisation. Over the past 30 days, GHO is ahead by 68.7 percentage points (CDXUSD -68.8% against GHO -0.0%). Their daily returns move closely together (correlation 0.65 across 23 shared trading days). CDXUSD has been the more volatile of the two, at 192% annualised against GHO's 1%.

Correlation: 0.65
Size ratio: 1 : 678.2
Ahead over 30 days: GHO

Cod3x USDCDXUSD

$0.167380

24h: —
Market cap: $1.03M
Volume 24h: —
Volatility (ann.): 192%

GHOGHO

$0.998762

24h: +0.07%
Market cap: $698.15M
Volume 24h: $4.55M
Volatility (ann.): 1%

CDXUSD 0.1%Share of the two combined market caps99.9% GHO

Performance

CDXUSDGHO

7 days-52.39%+0.00%GHO
30 days-68.78%-0.04%GHO

Correlation

0.65over 23 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	CDXUSD	GHO
Max drawdown (400d)	-77.9%	-0.2%
Risk-adjusted return (90d)	-0.41	-0.01

Relative strength over 90 days: GHO outperformed CDXUSD by 77.9% — measured on the CDXUSD/GHO ratio, so it holds regardless of market direction.

Cod3x USD →GHO →