Matrixdock Silver vs Kinesis Silver

Kinesis Silver (KAG) is 50.8× the size of Matrixdock Silver (XAGM) by market capitalisation. Over the past 30 days, KAG is ahead by 0.6 percentage points (XAGM -21.8% against KAG -21.3%). Their daily returns move closely together (correlation 0.77 across 33 shared trading days). KAG has been the more volatile of the two, at 200% annualised against XAGM's 49%.

Correlation: 0.77
Size ratio: 1 : 50.8
Ahead over 30 days: KAG

Matrixdock SilverXAGM

$52.1000

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

Kinesis SilverKAG

$52.6200

24h: +5.78%
Market cap: $193.36M
Volume 24h: $304,975
Volatility (ann.): 200%

XAGM 1.9%Share of the two combined market caps98.1% KAG

Performance

XAGMKAG

7 days-6.27%-8.47%XAGM
30 days-21.82%-21.26%KAG

Correlation

0.77over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7890d: 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	KAG
Max drawdown (400d)	-25.9%	-36.6%
Risk-adjusted return (90d)	-0.47	-0.12

Relative strength over 90 days: XAGM outperformed KAG by 4.1% — measured on the XAGM/KAG ratio, so it holds regardless of market direction.

Matrixdock Silver →Kinesis Silver →