Kinesis Silver vs Kinesis Gold

Kinesis Gold (KAU) is 1.9× the size of Kinesis Silver (KAG) by market capitalisation. Over the past 30 days, KAU is ahead by 11.2 percentage points (KAG -21.3% against KAU -10.1%). Their daily returns move barely together (correlation 0.13 across 55 shared trading days). KAG has been the more volatile of the two, at 200% annualised against KAU's 33%.

Correlation: 0.13
Size ratio: 1 : 1.9
Ahead over 30 days: KAU

Kinesis SilverKAG

$52.1300

24h: +2.78%
Market cap: $191.54M
Volume 24h: $421,222
Volatility (ann.): 200%

Kinesis GoldKAU

$130.0600

24h: +2.56%
Market cap: $356.24M
Volume 24h: $562,073
Volatility (ann.): 33%

KAG 35.0%Share of the two combined market caps65.0% KAU

Performance

KAGKAU

7 days-8.47%-2.89%KAU
30 days-21.26%-10.08%KAU

Correlation

0.13over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	KAU
Max drawdown (400d)	-36.6%	-18.0%
Risk-adjusted return (90d)	-0.12	-0.32

Relative strength over 90 days: KAU outperformed KAG by 15.0% — measured on the KAG/KAU ratio, so it holds regardless of market direction.

Kinesis Silver →Kinesis Gold →