Matrixdock Silver vs Goldfish Gold

Goldfish Gold (GGBR) is 21.7× the size of Matrixdock Silver (XAGM) by market capitalisation. Over the past 30 days, GGBR is ahead by 20.1 percentage points (XAGM -21.8% against GGBR -1.7%). Their daily returns move loosely together (correlation 0.49 across 34 shared trading days). XAGM has been the more volatile of the two, at 49% annualised against GGBR's 41%.

Correlation: 0.49
Size ratio: 1 : 21.7
Ahead over 30 days: GGBR

Matrixdock SilverXAGM

$52.1000

24h: +0.66%
Market cap: $3.81M
Volume 24h: $20,930
Volatility (ann.): 49%

Goldfish GoldGGBR

$4.0500

24h: +3.25%
Market cap: $82.55M
Volume 24h: $92,643
Volatility (ann.): 41%

XAGM 4.4%Share of the two combined market caps95.6% GGBR

Performance

XAGMGGBR

7 days-6.27%-2.96%GGBR
30 days-21.82%-1.75%GGBR

Correlation

0.49over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	XAGM	GGBR
Max drawdown (400d)	-25.9%	-16.6%
Risk-adjusted return (90d)	-0.47	-0.23

Relative strength over 90 days: GGBR outperformed XAGM by 12.9% — measured on the XAGM/GGBR ratio, so it holds regardless of market direction.

Matrixdock Silver →Goldfish Gold →