Cygnus Finance Global USD vs GHO

GHO (GHO) is 9.2× the size of Cygnus Finance Global USD (CGUSD) by market capitalisation. Over the past 30 days, GHO is ahead by 0.2 percentage points (CGUSD -0.3% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 54 shared trading days). CGUSD has been the more volatile of the two, at 3% annualised against GHO's 1%.

Correlation: -0.07
Size ratio: 1 : 9.2
Ahead over 30 days: GHO

Cygnus Finance Global USDCGUSD

$0.992166

24h: +0.04%
Market cap: $75.66M
Volume 24h: $2
Volatility (ann.): 3%

GHOGHO

$0.998580

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

CGUSD 9.8%Share of the two combined market caps90.2% GHO

Performance

CGUSDGHO

7 days-0.04%+0.00%GHO
30 days-0.27%-0.04%GHO

Correlation

-0.07over 54 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	CGUSD	GHO
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	-0.13	-0.01

Relative strength over 90 days: GHO outperformed CGUSD by 0.3% — measured on the CGUSD/GHO ratio, so it holds regardless of market direction.

Cygnus Finance Global USD →GHO →