Swop vs GAL (migrated to Gravity - G)

GAL (migrated to Gravity - G) (GAL) is 1.0× the size of Swop (SWOP) by market capitalisation. Over the past 30 days, SWOP is ahead by 13.6 percentage points (SWOP -3.7% against GAL -17.4%). Their daily returns move barely together (correlation 0.00 across 38 shared trading days). GAL has been the more volatile of the two, at 432% annualised against SWOP's 13%.

Correlation: 0.00
Size ratio: 1 : 1.0
Ahead over 30 days: SWOP

SwopSWOP

$0.005922

24h: +0.00%
Market cap: $59.22M
Volume 24h: —
Volatility (ann.): 13%

GAL (migrated to Gravity - G)GAL

$2.5420

24h: +0.67%
Market cap: $60.32M
Volume 24h: $13
Volatility (ann.): 432%

SWOP 49.5%Share of the two combined market caps50.5% GAL

Performance

SWOPGAL

7 days-1.25%-8.87%SWOP
30 days-3.74%-17.38%SWOP

Correlation

0.00over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	SWOP	GAL
Max drawdown (400d)	-5.5%	-64.9%
Risk-adjusted return (90d)	-0.22	-0.05

Relative strength over 90 days: SWOP outperformed GAL by 23.6% — measured on the SWOP/GAL ratio, so it holds regardless of market direction.

Swop →GAL (migrated to Gravity - G) →