Metronome Synth USD vs GHO

GHO (GHO) is 15.9× the size of Metronome Synth USD (MSUSD) by market capitalisation. Over the past 30 days, MSUSD is ahead by 22.3 percentage points (MSUSD +22.3% against GHO -0.0%). Their daily returns move barely together (correlation 0.12 across 46 shared trading days). MSUSD has been the more volatile of the two, at 84% annualised against GHO's 1%.

Correlation: 0.12
Size ratio: 1 : 15.9
Ahead over 30 days: MSUSD

Metronome Synth USDMSUSD

$0.856207

24h: -0.48%
Market cap: $43.99M
Volume 24h: $1.61M
Volatility (ann.): 84%

GHOGHO

$0.998710

24h: +0.03%
Market cap: $698.10M
Volume 24h: $6.74M
Volatility (ann.): 1%

MSUSD 5.9%Share of the two combined market caps94.1% GHO

Performance

MSUSDGHO

7 days-2.26%+0.00%GHO
30 days+22.27%-0.04%MSUSD

Correlation

0.12over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	MSUSD	GHO
Max drawdown (400d)	-31.8%	-0.2%
Risk-adjusted return (90d)	0.32	-0.01

Relative strength over 90 days: MSUSD outperformed GHO by 26.8% — measured on the MSUSD/GHO ratio, so it holds regardless of market direction.

Metronome Synth USD →GHO →