Digital Gold vs Kinesis Gold

Kinesis Gold (KAU) is 37.7× the size of Digital Gold (DGLD) by market capitalisation. Over the past 30 days, KAU is ahead by 0.6 percentage points (DGLD -10.7% against KAU -10.1%). Their daily returns move closely together (correlation 0.68 across 31 shared trading days). Both have run at a similar volatility, around 32% annualised.

Correlation: 0.68
Size ratio: 1 : 37.7
Ahead over 30 days: KAU

Digital GoldDGLD

$3,934.16

24h: -0.62%
Market cap: $9.49M
Volume 24h: $2,916
Volatility (ann.): 30%

Kinesis GoldKAU

$130.7100

24h: +3.50%
Market cap: $358.04M
Volume 24h: $447,859
Volatility (ann.): 33%

DGLD 2.6%Share of the two combined market caps97.4% KAU

Performance

DGLDKAU

7 days-1.75%-2.89%DGLD
30 days-10.66%-10.08%KAU

Correlation

0.68over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	DGLD	KAU
Max drawdown (400d)	-15.6%	-18.0%
Risk-adjusted return (90d)	-0.47	-0.32

Relative strength over 90 days: KAU outperformed DGLD by 1.0% — measured on the DGLD/KAU ratio, so it holds regardless of market direction.

Digital Gold →Kinesis Gold →