Rai Reflex Index vs GHO

GHO (GHO) is 489.0× the size of Rai Reflex Index (RAI) by market capitalisation. Over the past 30 days, RAI is ahead by 6.3 percentage points (RAI +6.2% against GHO -0.0%). Their daily returns move barely together (correlation 0.07 across 28 shared trading days). RAI has been the more volatile of the two, at 70% annualised against GHO's 1%.

Correlation: 0.07
Size ratio: 1 : 489.0
Ahead over 30 days: RAI

Rai Reflex IndexRAI

$2.8700

24h: -9.25%
Market cap: $1.43M
Volume 24h: $7,269
Volatility (ann.): 70%

GHOGHO

$0.998654

24h: +0.08%
Market cap: $698.05M
Volume 24h: $4.42M
Volatility (ann.): 1%

RAI 0.2%Share of the two combined market caps99.8% GHO

Performance

RAIGHO

7 days-1.02%+0.00%GHO
30 days+6.23%-0.04%RAI

Correlation

0.07over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	RAI	GHO
Max drawdown (400d)	-10.4%	-0.2%
Risk-adjusted return (90d)	0.08	-0.01

Relative strength over 90 days: RAI outperformed GHO by 5.9% — measured on the RAI/GHO ratio, so it holds regardless of market direction.

Rai Reflex Index →GHO →