Dollar On Chain vs GHO

GHO (GHO) is 215.3× the size of Dollar On Chain (DOC) by market capitalisation. Over the past 30 days, DOC is ahead by 0.3 percentage points (DOC +0.3% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 27 shared trading days). DOC has been the more volatile of the two, at 10% annualised against GHO's 1%.

Correlation: -0.25
Size ratio: 1 : 215.3
Ahead over 30 days: DOC

Dollar On ChainDOC

$1.0070

24h: +1.22%
Market cap: $3.24M
Volume 24h: $119,411
Volatility (ann.): 10%

GHOGHO

$0.998715

24h: +0.08%
Market cap: $698.10M
Volume 24h: $4.56M
Volatility (ann.): 1%

DOC 0.5%Share of the two combined market caps99.5% GHO

Performance

DOCGHO

7 days+0.60%+0.00%DOC
30 days+0.27%-0.04%DOC

Correlation

-0.25over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	DOC	GHO
Max drawdown (400d)	-1.8%	-0.2%
Risk-adjusted return (90d)	0.01	-0.01

Relative strength over 90 days: DOC outperformed GHO by 0.2% — measured on the DOC/GHO ratio, so it holds regardless of market direction.

Dollar On Chain →GHO →