Hermetica USDh vs GHO

GHO (GHO) is 377.2× the size of Hermetica USDh (USDH) by market capitalisation. Over the past 30 days, GHO is ahead by 0.2 percentage points (USDH -0.3% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 21 shared trading days). USDH has been the more volatile of the two, at 1% annualised against GHO's 1%.

Correlation: -0.06
Size ratio: 1 : 377.2
Ahead over 30 days: GHO

Hermetica USDhUSDH

$0.999679

24h: +0.02%
Market cap: $1.85M
Volume 24h: $1
Volatility (ann.): 1%

GHOGHO

$0.998467

24h: +0.06%
Market cap: $697.95M
Volume 24h: $4.45M
Volatility (ann.): 1%

USDH 0.3%Share of the two combined market caps99.7% GHO

Performance

USDHGHO

7 days-0.01%+0.00%GHO
30 days-0.28%-0.04%GHO

Correlation

-0.06over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	USDH	GHO
Max drawdown (400d)	-0.3%	-0.2%
Risk-adjusted return (90d)	-0.24	-0.01

Relative strength over 90 days: GHO outperformed USDH by 0.3% — measured on the USDH/GHO ratio, so it holds regardless of market direction.

Hermetica USDh →GHO →