Freedom Dollar vs GHO

GHO (GHO) is 58.2× the size of Freedom Dollar (FUSD) by market capitalisation. Over the past 30 days, GHO is ahead by 0.3 percentage points (FUSD -0.3% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 22 shared trading days). GHO has been the more volatile of the two, at 1% annualised against FUSD's 1%.

Correlation: -0.03
Size ratio: 1 : 58.2
Ahead over 30 days: GHO

Freedom DollarFUSD

$0.998796

24h: +0.00%
Market cap: $11.99M
Volume 24h: $100,393
Volatility (ann.): 1%

GHOGHO

$0.998434

24h: +0.04%
Market cap: $697.91M
Volume 24h: $4.72M
Volatility (ann.): 1%

FUSD 1.7%Share of the two combined market caps98.3% GHO

Performance

FUSDGHO

7 days-0.34%+0.00%GHO
30 days-0.34%-0.04%GHO

Correlation

-0.03over 22 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	FUSD	GHO
Max drawdown (400d)	-0.3%	-0.2%
Risk-adjusted return (90d)	-0.51	-0.01

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

Freedom Dollar →GHO →