Kinesis Silver vs Goldfish Gold

Kinesis Silver (KAG) is 2.3× the size of Goldfish Gold (GGBR) by market capitalisation. Over the past 30 days, GGBR is ahead by 19.5 percentage points (KAG -21.3% against GGBR -1.7%). Their daily returns move barely together (correlation 0.03 across 55 shared trading days). KAG has been the more volatile of the two, at 200% annualised against GGBR's 41%.

Correlation: 0.03
Size ratio: 2.3×
Ahead over 30 days: GGBR

Kinesis SilverKAG

$52.3300

24h: +4.93%
Market cap: $192.27M
Volume 24h: $411,124
Volatility (ann.): 200%

Goldfish GoldGGBR

$4.0300

24h: +3.01%
Market cap: $82.21M
Volume 24h: $100,620
Volatility (ann.): 41%

KAG 70.0%Share of the two combined market caps30.0% GGBR

Performance

KAGGGBR

7 days-8.47%-2.96%GGBR
30 days-21.26%-1.75%GGBR

Correlation

0.03over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	KAG	GGBR
Max drawdown (400d)	-36.6%	-16.6%
Risk-adjusted return (90d)	-0.12	-0.23

Relative strength over 90 days: GGBR outperformed KAG by 13.4% — measured on the KAG/GGBR ratio, so it holds regardless of market direction.

Kinesis Silver →Goldfish Gold →