Re Protocol reUSD vs GHO

GHO (GHO) is 1.9× the size of Re Protocol reUSD (REUSD) by market capitalisation. Over the past 30 days, REUSD is ahead by 0.9 percentage points (REUSD +0.9% against GHO -0.0%). Their daily returns move loosely in opposite directions (correlation -0.41 across 58 shared trading days). REUSD has been the more volatile of the two, at 2% annualised against GHO's 1%.

Correlation: -0.41
Size ratio: 1 : 1.9
Ahead over 30 days: REUSD

Re Protocol reUSDREUSD

$1.1100

24h: +0.10%
Market cap: $372.60M
Volume 24h: $6.79M
Volatility (ann.): 2%

GHOGHO

$0.998761

24h: +0.08%
Market cap: $698.14M
Volume 24h: $4.69M
Volatility (ann.): 1%

REUSD 34.8%Share of the two combined market caps65.2% GHO

Performance

REUSDGHO

7 days+0.00%+0.00%GHO
30 days+0.91%-0.04%REUSD

Correlation

-0.41over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4390d: 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	REUSD	GHO
Max drawdown (400d)	-0.1%	-0.2%
Risk-adjusted return (90d)	0.53	-0.01

Relative strength over 90 days: REUSD outperformed GHO by 1.3% — measured on the REUSD/GHO ratio, so it holds regardless of market direction.

Re Protocol reUSD →GHO →