INTERCELLAR vs Tether Gold

Tether Gold (XAUT) is 3676.6× the size of INTERCELLAR (CLR) by market capitalisation. Over the past 90 days, XAUT is ahead by 39.9 percentage points (CLR -47.5% against XAUT -7.6%). Their daily returns move barely together (correlation 0.09 across 126 shared trading days). CLR has been the more volatile of the two, at 145% annualised against XAUT's 24%.

Correlation: 0.09
Size ratio: 1 : 3676.6
Ahead over 90 days: XAUT

INTERCELLARCLR

$0.001924

24h: —
Market cap: $884,837
Volume 24h: —
Volatility (ann.): 145%

Tether GoldXAUT

$4,030.52

24h: +2.32%
Market cap: $3.25B
Volume 24h: $264.60M
Volatility (ann.): 24%

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

Performance

CLRXAUT

7 days+21.68%-3.11%CLR
30 days+0.44%-5.07%CLR
90 days-47.49%-7.64%XAUT

Correlation

0.09over 126 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 0.111y: 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	CLR	XAUT
Max drawdown (400d)	-91.7%	-19.4%
Risk-adjusted return (90d)	-0.28	-0.36

Relative strength over 90 days: XAUT outperformed CLR by 44.3% — measured on the CLR/XAUT ratio, so it holds regardless of market direction.

INTERCELLAR →Tether Gold →