Gold Token vs Kinesis Silver

Kinesis Silver (KAG) is 258.0× the size of Gold Token (GLDT) by market capitalisation. Over the past 30 days, GLDT is ahead by 9.3 percentage points (GLDT -12.0% against KAG -21.3%). Their daily returns move loosely together (correlation 0.40 across 29 shared trading days). KAG has been the more volatile of the two, at 200% annualised against GLDT's 69%.

Correlation: 0.40
Size ratio: 1 : 258.0
Ahead over 30 days: GLDT

Gold TokenGLDT

$1.2500

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

Kinesis SilverKAG

$52.0500

24h: +6.05%
Market cap: $191.27M
Volume 24h: $402,684
Volatility (ann.): 200%

GLDT 0.4%Share of the two combined market caps99.6% KAG

Performance

GLDTKAG

7 days-3.85%-8.47%GLDT
30 days-11.97%-21.26%GLDT

Correlation

0.40over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	KAG
Max drawdown (400d)	-16.7%	-36.6%
Risk-adjusted return (90d)	-0.13	-0.12

Relative strength over 90 days: GLDT outperformed KAG by 21.6% — measured on the GLDT/KAG ratio, so it holds regardless of market direction.

Gold Token →Kinesis Silver →