VNX Swiss Franc vs GHO

GHO (GHO) is 140.3× the size of VNX Swiss Franc (VCHF) by market capitalisation. Over the past 30 days, GHO is ahead by 4.0 percentage points (VCHF -4.0% against GHO -0.0%). Their daily returns move barely together (correlation 0.08 across 31 shared trading days). VCHF has been the more volatile of the two, at 12% annualised against GHO's 1%.

Correlation: 0.08
Size ratio: 1 : 140.3
Ahead over 30 days: GHO

VNX Swiss FrancVCHF

$1.2200

24h: +0.78%
Market cap: $4.97M
Volume 24h: $75,249
Volatility (ann.): 12%

GHOGHO

$0.998646

24h: +0.05%
Market cap: $698.05M
Volume 24h: $6.58M
Volatility (ann.): 1%

VCHF 0.7%Share of the two combined market caps99.3% GHO

Performance

VCHFGHO

7 days+0.00%+0.00%GHO
30 days-4.00%-0.04%GHO

Correlation

0.08over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	VCHF	GHO
Max drawdown (400d)	-4.0%	-0.2%
Risk-adjusted return (90d)	-0.28	-0.01

Relative strength over 90 days: GHO outperformed VCHF by 3.1% — measured on the VCHF/GHO ratio, so it holds regardless of market direction.

VNX Swiss Franc →GHO →