Ember Silver vs Goldfish Gold

Goldfish Gold (GGBR) is 261.1× the size of Ember Silver (EXAG) by market capitalisation. Over the past 30 days, GGBR is ahead by 5.4 percentage points (EXAG -5.7% against GGBR -0.2%). Their daily returns move barely in opposite directions (correlation -0.02 across 21 shared trading days). Both have run at a similar volatility, around 41% annualised.

Correlation: -0.02
Size ratio: 1 : 261.1
Ahead over 30 days: GGBR

Ember SilverEXAG

$53.1000

24h: +6.73%
Market cap: $321,813
Volume 24h: $1.99M
Volatility (ann.): 41%

Goldfish GoldGGBR

$4.1200

24h: +2.01%
Market cap: $84.01M
Volume 24h: $69,935
Volatility (ann.): 41%

EXAG 0.4%Share of the two combined market caps99.6% GGBR

Performance

EXAGGGBR

7 days-5.37%+0.50%GGBR
30 days-5.66%-0.25%GGBR

Correlation

-0.02over 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	EXAG	GGBR
Max drawdown (400d)	-10.3%	-16.6%
Risk-adjusted return (90d)	-0.14	-0.17

Relative strength over 90 days: GGBR outperformed EXAG by 3.8% — measured on the EXAG/GGBR ratio, so it holds regardless of market direction.

Ember Silver →Goldfish Gold →