Sovryn Dollar vs GHO

GHO (GHO) is 1084.6× the size of Sovryn Dollar (DLLR) by market capitalisation. Over the past 30 days, GHO is ahead by 2.6 percentage points (DLLR -2.6% against GHO -0.0%). Their daily returns move barely together (correlation 0.16 across 20 shared trading days). DLLR has been the more volatile of the two, at 30% annualised against GHO's 1%.

Correlation: 0.16
Size ratio: 1 : 1084.6
Ahead over 30 days: GHO

Sovryn DollarDLLR

$1.0120

24h: +0.82%
Market cap: $643,636
Volume 24h: $754
Volatility (ann.): 30%

GHOGHO

$0.998716

24h: +0.03%
Market cap: $698.10M
Volume 24h: $5.34M
Volatility (ann.): 1%

DLLR 0.1%Share of the two combined market caps99.9% GHO

Performance

DLLRGHO

7 days-2.04%+0.00%GHO
30 days-2.60%-0.04%GHO

Correlation

0.16over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	DLLR	GHO
Max drawdown (400d)	-6.7%	-0.2%
Risk-adjusted return (90d)	-0.09	-0.01

Relative strength over 90 days: GHO outperformed DLLR by 1.6% — measured on the DLLR/GHO ratio, so it holds regardless of market direction.

Sovryn Dollar →GHO →