Matrixdock Gold vs Goldfish Gold

Goldfish Gold (GGBR) is 1.2× the size of Matrixdock Gold (XAUM) by market capitalisation. Over the past 30 days, GGBR is ahead by 7.8 percentage points (XAUM -9.5% against GGBR -1.7%). Their daily returns move loosely together (correlation 0.46 across 54 shared trading days). GGBR has been the more volatile of the two, at 41% annualised against XAUM's 22%.

Correlation: 0.46
Size ratio: 1 : 1.2
Ahead over 30 days: GGBR

Matrixdock GoldXAUM

$4,056.13

24h: +3.24%
Market cap: $70.41M
Volume 24h: $403,290
Volatility (ann.): 22%

Goldfish GoldGGBR

$4.0500

24h: +2.73%
Market cap: $82.57M
Volume 24h: $95,160
Volatility (ann.): 41%

XAUM 46.0%Share of the two combined market caps54.0% GGBR

Performance

XAUMGGBR

7 days-3.15%-2.96%GGBR
30 days-9.53%-1.75%GGBR

Correlation

0.46over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	XAUM	GGBR
Max drawdown (400d)	-16.5%	-16.6%
Risk-adjusted return (90d)	-0.56	-0.23

Relative strength over 90 days: GGBR outperformed XAUM by 2.6% — measured on the XAUM/GGBR ratio, so it holds regardless of market direction.

Matrixdock Gold →Goldfish Gold →