VNX Gold vs Goldfish Gold

Goldfish Gold (GGBR) is 14.7× the size of VNX Gold (VNXAU) by market capitalisation. Over the past 30 days, GGBR is ahead by 7.9 percentage points (VNXAU -9.6% against GGBR -1.7%). Their daily returns move barely together (correlation 0.22 across 33 shared trading days). GGBR has been the more volatile of the two, at 41% annualised against VNXAU's 22%.

Correlation: 0.22
Size ratio: 1 : 14.7
Ahead over 30 days: GGBR

VNX GoldVNXAU

$127.7500

24h: -0.37%
Market cap: $5.62M
Volume 24h: $9,037
Volatility (ann.): 22%

Goldfish GoldGGBR

$4.0400

24h: +3.40%
Market cap: $82.45M
Volume 24h: $100,739
Volatility (ann.): 41%

VNXAU 6.4%Share of the two combined market caps93.6% GGBR

Performance

VNXAUGGBR

7 days-2.85%-2.96%VNXAU
30 days-9.64%-1.75%GGBR

Correlation

0.22over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	VNXAU	GGBR
Max drawdown (400d)	-11.7%	-16.6%
Risk-adjusted return (90d)	-0.51	-0.23

Relative strength over 90 days: VNXAU outperformed GGBR by 0.5% — measured on the VNXAU/GGBR ratio, so it holds regardless of market direction.

VNX Gold →Goldfish Gold →