Anemoy Tokenized Apollo Diversified Credit Fund vs Tether Gold

Tether Gold (XAUT) is 63.8× the size of Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 54 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against ACRDX's 2%.

Correlation: -0.03
Size ratio: 1 : 63.8

Anemoy Tokenized Apollo Diversified Credit FundACRDX

$1.0220

24h: +0.07%
Market cap: $51.12M
Volume 24h: —
Volatility (ann.): 2%

Tether GoldXAUT

$4,036.24

24h: +3.40%
Market cap: $3.26B
Volume 24h: $259.49M
Volatility (ann.): 24%

ACRDX 1.5%Share of the two combined market caps98.5% XAUT

Performance

ACRDXXAUT

7 days+0.49%-3.11%ACRDX
30 days-0.10%-5.07%ACRDX
90 days—-7.64%—

Correlation

-0.03over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	ACRDX	XAUT
Max drawdown (400d)	-1.0%	-19.4%
Risk-adjusted return (90d)	-0.05	-0.36

Relative strength over 90 days: ACRDX outperformed XAUT by 14.4% — measured on the ACRDX/XAUT ratio, so it holds regardless of market direction.

Anemoy Tokenized Apollo Diversified Credit Fund →Tether Gold →