NXUSD vs GHO

GHO (GHO) is 36.3× the size of NXUSD (NXUSD) by market capitalisation. Over the past 30 days, GHO is ahead by 3.5 percentage points (NXUSD -3.5% against GHO -0.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 28 shared trading days). NXUSD has been the more volatile of the two, at 21% annualised against GHO's 1%.

Correlation: -0.12
Size ratio: 1 : 36.3
Ahead over 30 days: GHO

NXUSDNXUSD

$1.0140

24h: +2.29%
Market cap: $19.22M
Volume 24h: $6,820
Volatility (ann.): 21%

GHOGHO

$0.998478

24h: +0.08%
Market cap: $697.94M
Volume 24h: $4.80M
Volatility (ann.): 1%

NXUSD 2.7%Share of the two combined market caps97.3% GHO

Performance

NXUSDGHO

7 days-2.66%+0.00%GHO
30 days-3.53%-0.04%GHO

Correlation

-0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	NXUSD	GHO
Max drawdown (400d)	-3.9%	-0.2%
Risk-adjusted return (90d)	-0.15	-0.01

Relative strength over 90 days: GHO outperformed NXUSD by 3.0% — measured on the NXUSD/GHO ratio, so it holds regardless of market direction.

NXUSD →GHO →