Kinesis Gold vs Matrixdock Gold

Kinesis Gold (KAU) is 5.1× the size of Matrixdock Gold (XAUM) by market capitalisation. Over the past 30 days, KAU is ahead by 1.0 percentage points (KAU -5.6% against XAUM -6.6%). Their daily returns move closely together (correlation 0.71 across 52 shared trading days). KAU has been the more volatile of the two, at 34% annualised against XAUM's 24%.

Correlation: 0.71
Size ratio: 5.1×
Ahead over 30 days: KAU

Kinesis GoldKAU

$132.2200

24h: +3.99%
Market cap: $362.17M
Volume 24h: $542,500
Volatility (ann.): 34%

Matrixdock GoldXAUM

$4,081.01

24h: +3.35%
Market cap: $70.85M
Volume 24h: $433,824
Volatility (ann.): 24%

KAU 83.6%Share of the two combined market caps16.4% XAUM

Performance

KAUXAUM

7 days+0.25%+0.19%KAU
30 days-5.61%-6.64%KAU

Correlation

0.71over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	KAU	XAUM
Max drawdown (400d)	-18.0%	-16.5%
Risk-adjusted return (90d)	-0.22	-0.41

Relative strength over 90 days: XAUM outperformed KAU by 0.4% — measured on the KAU/XAUM ratio, so it holds regardless of market direction.

Kinesis Gold →Matrixdock Gold →