Felix feUSD vs GHO

GHO (GHO) is 9.3× the size of Felix feUSD (FEUSD) by market capitalisation. Over the past 30 days, FEUSD is ahead by 0.1 percentage points (FEUSD +0.0% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 54 shared trading days). FEUSD has been the more volatile of the two, at 4% annualised against GHO's 1%.

Correlation: -0.02
Size ratio: 1 : 9.3
Ahead over 30 days: FEUSD

Felix feUSDFEUSD

$0.999658

24h: +0.18%
Market cap: $74.98M
Volume 24h: $44,597
Volatility (ann.): 4%

GHOGHO

$0.998716

24h: +0.03%
Market cap: $698.10M
Volume 24h: $5.34M
Volatility (ann.): 1%

FEUSD 9.7%Share of the two combined market caps90.3% GHO

Performance

FEUSDGHO

7 days-0.12%+0.00%GHO
30 days+0.03%-0.04%FEUSD

Correlation

-0.02over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	FEUSD	GHO
Max drawdown (400d)	-1.0%	-0.2%
Risk-adjusted return (90d)	0.02	-0.01

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

Felix feUSD →GHO →