Kinesis Silver vs Matrixdock Gold

Kinesis Silver (KAG) is 2.7× the size of Matrixdock Gold (XAUM) by market capitalisation. Over the past 30 days, XAUM is ahead by 11.7 percentage points (KAG -21.3% against XAUM -9.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 53 shared trading days). KAG has been the more volatile of the two, at 200% annualised against XAUM's 22%.

Correlation: -0.01
Size ratio: 2.7×
Ahead over 30 days: XAUM

Kinesis SilverKAG

$52.1300

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

Matrixdock GoldXAUM

$4,035.81

24h: +2.59%
Market cap: $70.06M
Volume 24h: $415,660
Volatility (ann.): 22%

KAG 73.2%Share of the two combined market caps26.8% XAUM

Performance

KAGXAUM

7 days-8.47%-3.15%XAUM
30 days-21.26%-9.53%XAUM

Correlation

-0.01over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	XAUM
Max drawdown (400d)	-36.6%	-16.5%
Risk-adjusted return (90d)	-0.12	-0.56

Relative strength over 90 days: XAUM outperformed KAG by 14.7% — measured on the KAG/XAUM ratio, so it holds regardless of market direction.

Kinesis Silver →Matrixdock Gold →