Direxion Daily Semi Bear 3X ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 1879.8× the size of Direxion Daily Semi Bear 3X ETF Tokenized Stock (Reality) (RSOXS) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.38 across 25 shared trading days). RSOXS has been the more volatile of the two, at 107% annualised against XAUT's 24%.

Correlation: -0.38
Size ratio: 1 : 1879.8

Direxion Daily Semi Bear 3X ETF Tokenized Stock (Reality)RSOXS

$61.9000

24h: +8.70%
Market cap: $1.77M
Volume 24h: $182,345
Volatility (ann.): 107%

Tether GoldXAUT

$4,107.73

24h: +2.10%
Market cap: $3.32B
Volume 24h: $328.71M
Volatility (ann.): 24%

RSOXS 0.1%Share of the two combined market caps99.9% XAUT

Performance

RSOXSXAUT

7 days+13.80%+0.05%RSOXS
30 days-33.76%-2.08%XAUT
90 days—-4.40%—

Correlation

-0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	RSOXS	XAUT
Max drawdown (400d)	-42.1%	-19.4%
Risk-adjusted return (90d)	-0.32	-0.20

Relative strength over 90 days: XAUT outperformed RSOXS by 32.2% — measured on the RSOXS/XAUT ratio, so it holds regardless of market direction.

Direxion Daily Semi Bear 3X ETF Tokenized Stock (Reality) →Tether Gold →