Indigo Protocol iUSD vs GHO

GHO (GHO) is 74.4× the size of Indigo Protocol iUSD (IUSD) by market capitalisation. Over the past 30 days, GHO is ahead by 0.5 percentage points (IUSD -0.5% against GHO -0.0%). Their daily returns move barely together (correlation 0.05 across 22 shared trading days). IUSD has been the more volatile of the two, at 23% annualised against GHO's 1%.

Correlation: 0.05
Size ratio: 1 : 74.4
Ahead over 30 days: GHO

Indigo Protocol iUSDIUSD

$0.984807

24h: -0.37%
Market cap: $9.38M
Volume 24h: $4,595
Volatility (ann.): 23%

GHOGHO

$0.998715

24h: +0.08%
Market cap: $698.10M
Volume 24h: $4.56M
Volatility (ann.): 1%

IUSD 1.3%Share of the two combined market caps98.7% GHO

Performance

IUSDGHO

7 days-2.94%+0.00%GHO
30 days-0.51%-0.04%GHO

Correlation

0.05over 22 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	IUSD	GHO
Max drawdown (400d)	-4.0%	-0.2%
Risk-adjusted return (90d)	-0.02	-0.01

Relative strength over 90 days: GHO outperformed IUSD by 0.5% — measured on the IUSD/GHO ratio, so it holds regardless of market direction.

Indigo Protocol iUSD →GHO →