Australian Digital Dollar vs GHO

GHO (GHO) is 162.5× the size of Australian Digital Dollar (AUDD) by market capitalisation. Over the past 30 days, GHO is ahead by 1.3 percentage points (AUDD -1.4% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 32 shared trading days). AUDD has been the more volatile of the two, at 9% annualised against GHO's 1%.

Correlation: -0.02
Size ratio: 1 : 162.5
Ahead over 30 days: GHO

Australian Digital DollarAUDD

$0.699113

24h: -0.33%
Market cap: $4.30M
Volume 24h: $64,498
Volatility (ann.): 9%

GHOGHO

$0.998646

24h: +0.05%
Market cap: $698.05M
Volume 24h: $6.58M
Volatility (ann.): 1%

AUDD 0.6%Share of the two combined market caps99.4% GHO

Performance

AUDDGHO

7 days-0.18%+0.00%GHO
30 days-1.38%-0.04%GHO

Correlation

-0.02over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	AUDD	GHO
Max drawdown (400d)	-3.3%	-0.2%
Risk-adjusted return (90d)	-0.30	-0.01

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

Australian Digital Dollar →GHO →