Matrixdock Gold vs Kinesis Gold

Kinesis Gold (KAU) is 5.1× the size of Matrixdock Gold (XAUM) by market capitalisation. Over the past 30 days, XAUM is ahead by 0.5 percentage points (XAUM -9.5% against KAU -10.1%). Their daily returns move closely together (correlation 0.68 across 51 shared trading days). KAU has been the more volatile of the two, at 33% annualised against XAUM's 22%.

Correlation: 0.68
Size ratio: 1 : 5.1
Ahead over 30 days: XAUM

Matrixdock GoldXAUM

$4,056.13

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

Kinesis GoldKAU

$130.7100

24h: +3.49%
Market cap: $358.03M
Volume 24h: $447,854
Volatility (ann.): 33%

XAUM 16.4%Share of the two combined market caps83.6% KAU

Performance

XAUMKAU

7 days-3.15%-2.89%KAU
30 days-9.53%-10.08%XAUM

Correlation

0.68over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	KAU
Max drawdown (400d)	-16.5%	-18.0%
Risk-adjusted return (90d)	-0.56	-0.32

Relative strength over 90 days: XAUM outperformed KAU by 0.7% — measured on the XAUM/KAU ratio, so it holds regardless of market direction.

Matrixdock Gold →Kinesis Gold →