Glo Dollar vs GHO

GHO (GHO) is 830.5× the size of Glo Dollar (USDGLO) by market capitalisation. Over the past 30 days, GHO is ahead by 0.0 percentage points (USDGLO -0.1% against GHO -0.0%). Their daily returns move loosely together (correlation 0.52 across 25 shared trading days). USDGLO has been the more volatile of the two, at 4% annualised against GHO's 1%.

Correlation: 0.52
Size ratio: 1 : 830.5
Ahead over 30 days: GHO

Glo DollarUSDGLO

$0.997993

24h: +1.45%
Market cap: $840,555
Volume 24h: $5,505
Volatility (ann.): 4%

GHOGHO

$0.998750

24h: +0.04%
Market cap: $698.12M
Volume 24h: $6.71M
Volatility (ann.): 1%

USDGLO 0.1%Share of the two combined market caps99.9% GHO

Performance

USDGLOGHO

7 days-0.69%+0.00%GHO
30 days-0.08%-0.04%GHO

Correlation

0.52over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	USDGLO	GHO
Max drawdown (400d)	-1.0%	-0.2%
Risk-adjusted return (90d)	-0.04	-0.01

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

Glo Dollar →GHO →