abrdn Physical Silver ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 19844.6× the size of abrdn Physical Silver ETF (Dinari Tokenized ETF) (SIVR) by market capitalisation. Their daily returns move very closely together (correlation 0.89 across 26 shared trading days). SIVR has been the more volatile of the two, at 41% annualised against XAUT's 24%.

Correlation: 0.89
Size ratio: 1 : 19844.6

abrdn Physical Silver ETF (Dinari Tokenized ETF)SIVR

$50.2400

24h: +6.24%
Market cap: $167,097
Volume 24h: $1,320
Volatility (ann.): 41%

Tether GoldXAUT

$4,093.49

24h: +1.88%
Market cap: $3.32B
Volume 24h: $349.65M
Volatility (ann.): 24%

SIVR 0.0%Share of the two combined market caps100.0% XAUT

Performance

SIVRXAUT

7 days-5.17%+0.05%XAUT
30 days-8.89%-2.08%XAUT
90 days—-4.40%—

Correlation

0.89over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8990d: 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	SIVR	XAUT
Max drawdown (400d)	-10.2%	-19.4%
Risk-adjusted return (90d)	-0.21	-0.20

Relative strength over 90 days: XAUT outperformed SIVR by 1.6% — measured on the SIVR/XAUT ratio, so it holds regardless of market direction.

abrdn Physical Silver ETF (Dinari Tokenized ETF) →Tether Gold →