Frankencoin vs GHO

GHO (GHO) is 16.5× the size of Frankencoin (ZCHF) by market capitalisation. Over the past 30 days, GHO is ahead by 0.8 percentage points (ZCHF -0.8% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.19 across 48 shared trading days). ZCHF has been the more volatile of the two, at 8% annualised against GHO's 1%.

Correlation: -0.19
Size ratio: 1 : 16.5
Ahead over 30 days: GHO

FrankencoinZCHF

$1.2300

24h: +0.65%
Market cap: $42.43M
Volume 24h: $1.76M
Volatility (ann.): 8%

GHOGHO

$0.998802

24h: +0.04%
Market cap: $698.15M
Volume 24h: $6.35M
Volatility (ann.): 1%

ZCHF 5.7%Share of the two combined market caps94.3% GHO

Performance

ZCHFGHO

7 days+0.83%+0.00%ZCHF
30 days-0.81%-0.04%GHO

Correlation

-0.19over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3990d: 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	ZCHF	GHO
Max drawdown (400d)	-3.2%	-0.2%
Risk-adjusted return (90d)	-0.31	-0.01

Relative strength over 90 days: GHO outperformed ZCHF by 2.4% — measured on the ZCHF/GHO ratio, so it holds regardless of market direction.

Frankencoin →GHO →