Unitas Gold vs apyUSD

apyUSD (APYUSD) is 77.3× the size of Unitas Gold (XGLD) by market capitalisation. Over the past 30 days, APYUSD is ahead by 13.7 percentage points (XGLD -10.0% against APYUSD +3.6%). Their daily returns move barely together (correlation 0.12 across 32 shared trading days). XGLD has been the more volatile of the two, at 27% annualised against APYUSD's 14%.

Correlation: 0.12
Size ratio: 1 : 77.3
Ahead over 30 days: APYUSD

Unitas GoldXGLD

$3,964.61

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

apyUSDAPYUSD

$1.4200

24h: -0.05%
Market cap: $152.93M
Volume 24h: $1.60M
Volatility (ann.): 14%

XGLD 1.3%Share of the two combined market caps98.7% APYUSD

Performance

XGLDAPYUSD

7 days-1.63%+0.71%APYUSD
30 days-10.03%+3.65%APYUSD

Correlation

0.12over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	APYUSD
Max drawdown (400d)	-13.8%	-2.8%
Risk-adjusted return (90d)	-0.44	0.62

Relative strength over 90 days: APYUSD outperformed XGLD by 15.7% — measured on the XGLD/APYUSD ratio, so it holds regardless of market direction.

Unitas Gold →apyUSD →