Gold Token vs Kinesis Gold

Kinesis Gold (KAU) is 479.9× the size of Gold Token (GLDT) by market capitalisation. Over the past 30 days, KAU is ahead by 1.9 percentage points (GLDT -12.0% against KAU -10.1%). Their daily returns move barely together (correlation 0.19 across 28 shared trading days). GLDT has been the more volatile of the two, at 69% annualised against KAU's 33%.

Correlation: 0.19
Size ratio: 1 : 479.9
Ahead over 30 days: KAU

Gold TokenGLDT

$1.2500

24h: +0.07%
Market cap: $741,298
Volume 24h: $2,508
Volatility (ann.): 69%

Kinesis GoldKAU

$129.8800

24h: +3.42%
Market cap: $355.76M
Volume 24h: $564,540
Volatility (ann.): 33%

GLDT 0.2%Share of the two combined market caps99.8% KAU

Performance

GLDTKAU

7 days-3.85%-2.89%KAU
30 days-11.97%-10.08%KAU

Correlation

0.19over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	GLDT	KAU
Max drawdown (400d)	-16.7%	-18.0%
Risk-adjusted return (90d)	-0.13	-0.32

Relative strength over 90 days: GLDT outperformed KAU by 2.9% — measured on the GLDT/KAU ratio, so it holds regardless of market direction.

Gold Token →Kinesis Gold →