Pleasing Gold vs Kinesis Gold

Kinesis Gold (KAU) is 4.5× the size of Pleasing Gold (PGOLD) by market capitalisation. Over the past 30 days, KAU is ahead by 0.1 percentage points (PGOLD -10.1% against KAU -10.1%). Their daily returns move barely together (correlation 0.03 across 47 shared trading days). PGOLD has been the more volatile of the two, at 5421% annualised against KAU's 33%.

Correlation: 0.03
Size ratio: 1 : 4.5
Ahead over 30 days: KAU

Pleasing GoldPGOLD

$4,065.82

24h: +3.74%
Market cap: $79.30M
Volume 24h: $574
Volatility (ann.): 5421%

Kinesis GoldKAU

$130.2600

24h: +2.27%
Market cap: $356.79M
Volume 24h: $463,253
Volatility (ann.): 33%

PGOLD 18.2%Share of the two combined market caps81.8% KAU

Performance

PGOLDKAU

7 days-2.72%-2.89%PGOLD
30 days-10.14%-10.08%KAU

Correlation

0.03over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	PGOLD	KAU
Max drawdown (400d)	-59.0%	-18.0%
Risk-adjusted return (90d)	0.12	-0.32

Relative strength over 90 days: PGOLD outperformed KAU by 749.1% — measured on the PGOLD/KAU ratio, so it holds regardless of market direction.

Pleasing Gold →Kinesis Gold →