The Graph (GRT) is 36.5× the size of GamerCoin (GHX) by market capitalisation. Over the past 1 year, GHX is ahead by 3.2 percentage points (GHX -62.2% against GRT -65.4%). Their daily returns move barely together (correlation 0.31 across 373 shared trading days). GHX has been the more volatile of the two, at 125% annualised against GRT's 85%.
GHXGRT
0.31over 373 shared trading days
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.
| Metric | GHX | GRT |
|---|---|---|
| Max drawdown (400d) | -82.7% | -85.1% |
| Risk-adjusted return (90d) | 0.26 | 0.30 |
| Best 30 days (past year) | +124.2% | +115.0% |
| Worst 30 days (past year) | -40.6% | -41.8% |
Relative strength over 90 days: GHX outperformed GRT by 32.4% — measured on the GHX/GRT ratio, so it holds regardless of market direction.