Alpha Bulgaria Warrants vs Tether Gold
Tether Gold (XAUT) is 28.5× the size of Alpha Bulgaria Warrants (ALFW) by market capitalisation. Both have run at a similar volatility, around 12% annualised.
- Size ratio
- 1 : 28.5
ALFW 3.4%Share of the two combined market caps96.6% XAUT
Performance
ALFWXAUT
- 7 daysALFW
- 30 daysALFW
- 90 days—
Risk & extremes
| Metric | ALFW | XAUT |
|---|---|---|
| Max drawdown (400d) | 0.0% | -19.4% |
| Risk-adjusted return (90d) | — | -0.36 |
Relative strength over 90 days: ALFW outperformed XAUT by 11.9% — measured on the ALFW/XAUT ratio, so it holds regardless of market direction.