VNX Gold vs Kinesis Silver

Kinesis Silver (KAG) is 34.3× the size of VNX Gold (VNXAU) by market capitalisation. Over the past 30 days, VNXAU is ahead by 11.6 percentage points (VNXAU -9.6% against KAG -21.3%). Their daily returns move loosely together (correlation 0.56 across 32 shared trading days). KAG has been the more volatile of the two, at 200% annualised against VNXAU's 22%.

Correlation: 0.56
Size ratio: 1 : 34.3
Ahead over 30 days: VNXAU

VNX GoldVNXAU

$127.7500

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

Kinesis SilverKAG

$52.4300

24h: +4.60%
Market cap: $192.65M
Volume 24h: $381,852
Volatility (ann.): 200%

VNXAU 2.8%Share of the two combined market caps97.2% KAG

Performance

VNXAUKAG

7 days-2.85%-8.47%VNXAU
30 days-9.64%-21.26%VNXAU

Correlation

0.56over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	KAG
Max drawdown (400d)	-11.7%	-36.6%
Risk-adjusted return (90d)	-0.51	-0.12

Relative strength over 90 days: VNXAU outperformed KAG by 20.1% — measured on the VNXAU/KAG ratio, so it holds regardless of market direction.

VNX Gold →Kinesis Silver →