Gold DAO vs Kinesis Gold

Kinesis Gold (KAU) is 91.5× the size of Gold DAO (GOLDAO) by market capitalisation. Over the past 30 days, KAU is ahead by 23.0 percentage points (GOLDAO -33.0% against KAU -10.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 30 shared trading days). GOLDAO has been the more volatile of the two, at 201% annualised against KAU's 33%.

Correlation: -0.03
Size ratio: 1 : 91.5
Ahead over 30 days: KAU

Gold DAOGOLDAO

$0.005750

24h: +1.91%
Market cap: $3.90M
Volume 24h: $124
Volatility (ann.): 201%

Kinesis GoldKAU

$130.2600

24h: +2.27%
Market cap: $356.79M
Volume 24h: $463,253
Volatility (ann.): 33%

GOLDAO 1.1%Share of the two combined market caps98.9% KAU

Performance

GOLDAOKAU

7 days+17.86%-2.89%GOLDAO
30 days-33.03%-10.08%KAU

Correlation

-0.03over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	GOLDAO	KAU
Max drawdown (400d)	-56.1%	-18.0%
Risk-adjusted return (90d)	-0.01	-0.32

Relative strength over 90 days: GOLDAO outperformed KAU by 10.0% — measured on the GOLDAO/KAU ratio, so it holds regardless of market direction.

Gold DAO →Kinesis Gold →