Unitas Gold vs 3Jane USD3

3Jane USD3 (USD3) is 58.7× the size of Unitas Gold (XGLD) by market capitalisation. Over the past 30 days, USD3 is ahead by 10.9 percentage points (XGLD -10.0% against USD3 +0.8%). Their daily returns move barely together (correlation 0.05 across 38 shared trading days). XGLD has been the more volatile of the two, at 27% annualised against USD3's 12%.

Correlation: 0.05
Size ratio: 1 : 58.7
Ahead over 30 days: USD3

Unitas GoldXGLD

$3,964.61

24h: +0.18%
Market cap: $1.98M
Volume 24h: $3,999
Volatility (ann.): 27%

3Jane USD3USD3

$1.2000

24h: +0.26%
Market cap: $116.02M
Volume 24h: $183,274
Volatility (ann.): 12%

XGLD 1.7%Share of the two combined market caps98.3% USD3

Performance

XGLDUSD3

7 days-1.63%+0.00%USD3
30 days-10.03%+0.84%USD3

Correlation

0.05over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	XGLD	USD3
Max drawdown (400d)	-13.8%	-0.8%
Risk-adjusted return (90d)	-0.44	0.22

Relative strength over 90 days: USD3 outperformed XGLD by 13.1% — measured on the XGLD/USD3 ratio, so it holds regardless of market direction.

Unitas Gold →3Jane USD3 →