ZARP Stablecoin vs GHO

GHO (GHO) is 147.9× the size of ZARP Stablecoin (ZARP) by market capitalisation. Over the past 30 days, GHO is ahead by 4.5 percentage points (ZARP -4.6% against GHO -0.0%). Their daily returns move loosely together (correlation 0.48 across 30 shared trading days). ZARP has been the more volatile of the two, at 29% annualised against GHO's 1%.

Correlation: 0.48
Size ratio: 1 : 147.9
Ahead over 30 days: GHO

ZARP StablecoinZARP

$0.059569

24h: +0.58%
Market cap: $4.72M
Volume 24h: $29,908
Volatility (ann.): 29%

GHOGHO

$0.998857

24h: +0.07%
Market cap: $698.20M
Volume 24h: $4.69M
Volatility (ann.): 1%

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

Performance

ZARPGHO

7 days-1.88%+0.00%GHO
30 days-4.57%-0.04%GHO

Correlation

0.48over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	ZARP	GHO
Max drawdown (400d)	-7.5%	-0.2%
Risk-adjusted return (90d)	-0.14	-0.01

Relative strength over 90 days: GHO outperformed ZARP by 4.0% — measured on the ZARP/GHO ratio, so it holds regardless of market direction.

ZARP Stablecoin →GHO →